Royce & Associates LP Takes Position in The RealReal, Inc. (NASDAQ:REAL)

Royce & Associates LP purchased a new position in shares of The RealReal, Inc. (NASDAQ:REAL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 187,500 shares of the company’s stock, valued at approximately $2,049,000. Royce & Associates LP owned about 0.17% of RealReal at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. R Squared Ltd bought a new position in shares of RealReal in the fourth quarter worth approximately $49,000. Jag Capital Management LLC bought a new stake in RealReal in the 4th quarter worth $126,000. Olympiad Research LP bought a new stake in RealReal in the 4th quarter worth $136,000. Y Intercept Hong Kong Ltd bought a new position in shares of RealReal during the fourth quarter valued at about $153,000. Finally, XTX Topco Ltd purchased a new stake in shares of RealReal during the third quarter worth about $63,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal Stock Performance

Shares of NASDAQ:REAL opened at $6.30 on Friday. The firm has a market capitalization of $700.86 million, a P/E ratio of -4.88 and a beta of 3.00. The stock has a 50 day moving average price of $7.67 and a 200-day moving average price of $6.00. The RealReal, Inc. has a 52-week low of $2.24 and a 52-week high of $11.38.

RealReal (NASDAQ:REAL) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The business had revenue of $164.00 million during the quarter, compared to analyst estimates of $162.69 million. On average, equities analysts forecast that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on REAL. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $4.00 to $15.00 in a report on Monday, December 9th. UBS Group reduced their target price on RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Finally, Northland Securities raised their price target on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $8.33.

Insider Buying and Selling

In related news, CFO Gopal Ajay Madan sold 102,386 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $706,463.40. Following the sale, the chief financial officer now owns 1,327,198 shares in the company, valued at $9,157,666.20. This represents a 7.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO John E. Koryl sold 396,478 shares of RealReal stock in a transaction on Monday, January 6th. The shares were sold at an average price of $9.61, for a total value of $3,810,153.58. The disclosure for this sale can be found here. Insiders sold a total of 654,761 shares of company stock worth $5,592,306 in the last three months. 9.78% of the stock is owned by corporate insiders.

RealReal Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.