250,008 Shares in The RealReal, Inc. (NASDAQ:REAL) Bought by Saba Capital Management L.P.

Saba Capital Management L.P. acquired a new stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 250,008 shares of the company's stock, valued at approximately $2,733,000. Saba Capital Management L.P. owned about 0.23% of RealReal at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of RealReal by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 4,905,132 shares of the company's stock valued at $53,613,000 after buying an additional 121,626 shares in the last quarter. Geode Capital Management LLC raised its holdings in RealReal by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company's stock valued at $25,447,000 after acquiring an additional 33,927 shares during the period. Norges Bank purchased a new stake in shares of RealReal during the fourth quarter worth $11,989,000. Quinn Opportunity Partners LLC boosted its holdings in shares of RealReal by 233.3% in the fourth quarter. Quinn Opportunity Partners LLC now owns 1,066,057 shares of the company's stock worth $11,652,000 after acquiring an additional 746,172 shares during the period. Finally, Invesco Ltd. grew its position in shares of RealReal by 413.4% in the fourth quarter. Invesco Ltd. now owns 1,053,911 shares of the company's stock valued at $11,519,000 after purchasing an additional 848,640 shares in the last quarter. 64.73% of the stock is owned by institutional investors.

RealReal Stock Performance

NASDAQ REAL traded down $0.28 on Wednesday, hitting $5.03. The stock had a trading volume of 4,132,260 shares, compared to its average volume of 2,814,912. The firm has a 50-day moving average of $5.72 and a 200-day moving average of $6.85. The RealReal, Inc. has a 52-week low of $2.24 and a 52-week high of $11.38. The company has a market capitalization of $568.86 million, a price-to-earnings ratio of -3.90 and a beta of 2.61.

RealReal (NASDAQ:REAL - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $160.03 million for the quarter, compared to analysts' expectations of $159.98 million. As a group, research analysts anticipate that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

Insider Buying and Selling at RealReal

In other RealReal news, insider Luke Thomas Friang sold 18,503 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $127,670.70. Following the sale, the insider now owns 556,557 shares in the company, valued at $3,840,243.30. This trade represents a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Steve Ming Lo sold 23,477 shares of RealReal stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $161,991.30. Following the transaction, the chief accounting officer now directly owns 330,117 shares in the company, valued at $2,277,807.30. This trade represents a 6.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 258,283 shares of company stock valued at $1,782,153 in the last 90 days. Corporate insiders own 9.78% of the company's stock.

Analysts Set New Price Targets

Separately, UBS Group increased their price objective on RealReal from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $8.40.

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.