Bridgeway Capital Management LLC Has $4.61 Million Stock Holdings in The RealReal, Inc. (NASDAQ:REAL)

Bridgeway Capital Management LLC lowered its holdings in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 48.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 422,100 shares of the company's stock after selling 402,000 shares during the period. Bridgeway Capital Management LLC owned about 0.38% of RealReal worth $4,614,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of REAL. Brevan Howard Capital Management LP acquired a new position in shares of RealReal in the 4th quarter worth approximately $316,000. BNP Paribas Financial Markets raised its stake in RealReal by 45.8% during the fourth quarter. BNP Paribas Financial Markets now owns 399,668 shares of the company's stock worth $4,368,000 after acquiring an additional 125,478 shares in the last quarter. Ameriprise Financial Inc. bought a new position in shares of RealReal during the fourth quarter valued at $190,000. Algert Global LLC acquired a new stake in shares of RealReal in the 4th quarter valued at $2,052,000. Finally, Northern Trust Corp grew its holdings in shares of RealReal by 5.0% in the 4th quarter. Northern Trust Corp now owns 825,849 shares of the company's stock worth $9,027,000 after purchasing an additional 39,097 shares during the last quarter. Institutional investors own 64.73% of the company's stock.

RealReal Price Performance

Shares of NASDAQ:REAL traded down $2.24 during midday trading on Friday, reaching $5.05. The company's stock had a trading volume of 16,111,462 shares, compared to its average volume of 2,773,100. The business's fifty day simple moving average is $5.72 and its 200-day simple moving average is $6.73. The RealReal, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $11.38. The company has a market capitalization of $571.12 million, a P/E ratio of -3.91 and a beta of 2.61.

RealReal (NASDAQ:REAL - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). The business had revenue of $160.03 million for the quarter, compared to the consensus estimate of $159.98 million. On average, analysts forecast that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Levesque Rati Sahi sold 113,917 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $786,027.30. Following the transaction, the chief executive officer now directly owns 2,307,199 shares in the company, valued at $15,919,673.10. This represents a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Gopal Ajay Madan sold 102,386 shares of RealReal stock in a transaction 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 directly owns 1,327,198 shares of the company's stock, valued at approximately $9,157,666.20. This trade represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 258,283 shares of company stock valued at $1,782,153. Company insiders own 9.78% of the company's stock.

Analyst Ratings Changes

Separately, UBS Group lifted their price target on shares of RealReal from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Friday. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.