EAM Investors LLC Takes $7.33 Million Position in The RealReal, Inc. (NASDAQ:REAL)

EAM Investors LLC acquired a new position in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 670,560 shares of the company's stock, valued at approximately $7,329,000. RealReal comprises about 1.0% of EAM Investors LLC's portfolio, making the stock its 2nd biggest position. EAM Investors LLC owned about 0.61% of RealReal as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of RealReal during the 4th quarter worth $49,000. XTX Topco Ltd acquired a new stake in shares of RealReal during the third quarter worth $63,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of RealReal during the fourth quarter valued at $94,000. Jag Capital Management LLC purchased a new position in RealReal in the 4th quarter worth $126,000. Finally, Olympiad Research LP acquired a new stake in RealReal during the 4th quarter worth about $136,000. Hedge funds and other institutional investors own 64.73% of the company's stock.

RealReal Stock Performance

NASDAQ REAL traded down $0.29 during mid-day trading on Monday, reaching $5.09. 465,195 shares of the stock were exchanged, compared to its average volume of 2,685,127. The company has a market capitalization of $566.25 million, a P/E ratio of -3.95 and a beta of 2.90. The business's 50 day moving average is $6.05 and its 200-day moving average is $6.46. The RealReal, Inc. has a 1 year low of $2.24 and a 1 year high of $11.38.

RealReal (NASDAQ:REAL - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.52). The firm had revenue of $164.00 million during the quarter, compared to analysts' expectations of $162.69 million. Equities analysts predict that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, UBS Group cut their price objective on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, RealReal presently has a consensus rating of "Moderate Buy" and an average target price of $8.33.

Insider Transactions at RealReal

In related news, insider Luke Thomas Friang sold 18,503 shares of the business'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 transaction of $127,670.70. Following the completion of the sale, the insider now directly owns 556,557 shares in the company, valued at approximately $3,840,243.30. The trade was a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the chief accounting officer now owns 330,117 shares of the company's stock, 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 sold a total of 258,283 shares of company stock valued at $1,782,153 in the last three months. 9.78% of the stock is currently owned by company 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.