Driehaus Capital Management LLC Makes New $10.37 Million Investment in The RealReal, Inc. (NASDAQ:REAL)

Driehaus Capital Management LLC purchased a new stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 948,749 shares of the company's stock, valued at approximately $10,370,000. Driehaus Capital Management LLC owned approximately 0.86% of RealReal as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in RealReal in the 4th quarter worth approximately $11,989,000. Invesco Ltd. raised its holdings in shares of RealReal by 413.4% during the 4th 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. Quinn Opportunity Partners LLC raised its holdings in shares of RealReal by 233.3% during the 4th quarter. Quinn Opportunity Partners LLC now owns 1,066,057 shares of the company's stock valued at $11,652,000 after purchasing an additional 746,172 shares in the last quarter. Atika Capital Management LLC bought a new position in shares of RealReal during the 4th quarter valued at $8,149,000. Finally, EAM Investors LLC bought a new position in shares of RealReal during the 4th quarter valued at $7,329,000. Hedge funds and other institutional investors own 64.73% of the company's stock.

Insider Buying and Selling at RealReal

In other news, CAO Steve Ming Lo sold 23,477 shares of the company's 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 $161,991.30. Following the completion of the transaction, the chief accounting officer now owns 330,117 shares in the company, valued at $2,277,807.30. This represents a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Luke Thomas Friang sold 18,503 shares of the 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 $3,840,243.30. The trade was a 3.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 258,283 shares of company stock worth $1,782,153 over the last ninety days. Corporate insiders own 9.78% of the company's stock.

Wall Street Analyst Weigh In

Separately, UBS Group raised 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, May 9th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.40.

RealReal Price Performance

NASDAQ:REAL traded down $0.40 during midday trading on Thursday, reaching $5.31. The stock had a trading volume of 1,707,864 shares, compared to its average volume of 2,800,704. The RealReal, Inc. has a 1-year low of $2.24 and a 1-year high of $11.38. The firm's fifty day simple moving average is $5.73 and its 200-day simple moving average is $6.76. The stock has a market capitalization of $599.96 million, a P/E ratio of -4.12 and a beta of 2.61.

RealReal (NASDAQ:REAL - Get Free Report) last issued its 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 analyst estimates of $159.98 million. On average, equities research analysts anticipate that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

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.