183,931 The RealReal, Inc. $REAL Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC raised its holdings in shares of The RealReal, Inc. (NASDAQ:REAL) by 1,248.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 198,665 shares of the company’s stock after acquiring an additional 183,931 shares during the quarter. ProShare Advisors LLC owned approximately 0.16% of RealReal worth $1,756,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of RealReal by 25.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock valued at $57,000 after buying an additional 1,253 shares in the last quarter. Net Worth Advisory Group increased its position in shares of RealReal by 11.7% during the third quarter. Net Worth Advisory Group now owns 17,345 shares of the company’s stock worth $155,000 after purchasing an additional 1,810 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of RealReal by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 341,277 shares of the company’s stock valued at $3,099,000 after purchasing an additional 2,295 shares during the last quarter. KBC Group NV acquired a new stake in shares of RealReal in the 1st quarter valued at about $26,000. Finally, SBI Securities Co. Ltd. boosted its position in shares of RealReal by 60.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 7,534 shares of the company’s stock valued at $67,000 after purchasing an additional 2,846 shares during the period. Hedge funds and other institutional investors own 64.73% of the company’s stock.

Insider Transactions at RealReal

In other news, CFO Gopal Madan sold 36,418 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $10.98, for a total transaction of $399,869.64. Following the completion of the transaction, the chief financial officer directly owned 1,108,860 shares of the company’s stock, valued at approximately $12,175,282.80. This represents a 3.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Todd Suko sold 17,567 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $10.97, for a total value of $192,709.99. Following the completion of the sale, the insider directly owned 587,897 shares of the company’s stock, valued at $6,449,230.09. This represents a 2.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 173,004 shares of company stock valued at $1,899,283 over the last 90 days. Insiders own 2.66% of the company’s stock.

RealReal Stock Down 1.0%

REAL traded down $0.13 on Friday, hitting $12.87. 3,278,814 shares of the company traded hands, compared to its average volume of 4,159,986. The RealReal, Inc. has a 12-month low of $8.05 and a 12-month high of $17.39. The company has a 50 day moving average of $10.20 and a 200-day moving average of $10.96. The stock has a market capitalization of $1.61 billion, a PE ratio of -19.21 and a beta of 2.86.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $206.12 million for the quarter, compared to analyst estimates of $196.89 million. During the same period in the prior year, the business earned ($0.09) earnings per share. RealReal’s revenue for the quarter was up 18.7% compared to the same quarter last year. On average, research analysts anticipate that The RealReal, Inc. will post -0.10 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on REAL. BTIG Research restated a “buy” rating and set a $17.00 price target on shares of RealReal in a research note on Thursday, September 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a research note on Thursday, October 15th. Wall Street Zen upgraded shares of RealReal from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. Roth Capital reaffirmed a “buy” rating and issued a $19.00 target price on shares of RealReal in a report on Friday, October 16th. Finally, UBS Group reduced their price target on shares of RealReal from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, October 22nd. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, RealReal has a consensus rating of “Moderate Buy” and a consensus price target of $17.50.

RealReal Company Profile

The RealReal, Inc operates an online and physical marketplace for authenticated, pre-owned luxury goods. Through its platform, the company enables individuals and businesses to consign and purchase items across categories such as apparel, handbags, shoes, jewelry, watches, fine art, and home furnishings.

The company combines consignment services with in-house authentication, merchandising, photography, fulfillment, and customer support. Its authentication process is designed to assess the legitimacy and condition of products before they are offered for sale, helping connect sellers with buyers seeking luxury items through the resale market.

Founded in 2011 by Julie Wainwright, The RealReal serves customers primarily in the United States through its website, mobile applications, and retail locations.