Algert Global LLC Acquires New Position in The RealReal, Inc. (NASDAQ:REAL)

Algert Global LLC bought a new position in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 187,740 shares of the company's stock, valued at approximately $2,052,000. Algert Global LLC owned approximately 0.17% of RealReal as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in REAL. Trexquant Investment LP purchased a new position in RealReal during the 4th quarter worth approximately $3,262,000. JPMorgan Chase & Co. increased its holdings in shares of RealReal by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company's stock valued at $2,319,000 after purchasing an additional 97,700 shares during the period. Aigen Investment Management LP increased its holdings in shares of RealReal by 513.5% in the fourth quarter. Aigen Investment Management LP now owns 93,550 shares of the company's stock valued at $1,023,000 after purchasing an additional 78,301 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in shares of RealReal in the fourth quarter valued at approximately $156,000. Finally, Stephens Inc. AR purchased a new stake in shares of RealReal in the fourth quarter valued at approximately $978,000. 64.73% of the stock is owned by institutional investors and hedge funds.

RealReal Stock Performance

Shares of REAL stock traded up $0.55 during mid-day trading on Monday, hitting $5.60. 8,052,521 shares of the stock traded hands, compared to its average volume of 2,794,229. The firm has a market cap of $633.33 million, a price-to-earnings ratio of -4.34 and a beta of 2.61. The company's 50-day simple moving average is $5.72 and its 200-day simple moving average is $6.76. The RealReal, Inc. has a twelve month low of $2.24 and a twelve month high of $11.38.

RealReal (NASDAQ:REAL - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). The company had revenue of $160.03 million during the quarter, compared to analysts' expectations of $159.98 million. Analysts forecast that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, UBS Group boosted their target price on RealReal from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Friday. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.40.

Insider Activity at RealReal

In other RealReal news, insider Luke Thomas Friang sold 18,503 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $127,670.70. Following the transaction, the insider now owns 556,557 shares of the company's stock, valued at approximately $3,840,243.30. This represents a 3.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Steve Ming Lo sold 23,477 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $161,991.30. Following the completion of the transaction, the chief accounting officer now directly owns 330,117 shares in the company, valued at approximately $2,277,807.30. This trade represents a 6.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 258,283 shares of company stock worth $1,782,153 over the last three months. Company insiders own 9.78% of the company's stock.

RealReal Company 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.