766,265 The RealReal, Inc. $REAL Shares Sold by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its RealReal stake by 96.2% in the second quarter, selling 766,265 shares and retaining 30,411 shares valued at approximately $359,000.
• Analyst sentiment remains generally positive: six analysts rate the stock a Buy, two rate it Hold, and one rates it Sell, producing a consensus “Moderate Buy” rating and a $17.75 price target.
• RealReal exceeded quarterly expectations, reporting an adjusted loss of $0.01 per share versus the expected $0.02 loss and revenue of $192.57 million, up 16.6% year over year.

Engineers Gate Manager LP lowered its stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 96.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,411 shares of the company's stock after selling 766,265 shares during the period. Engineers Gate Manager LP's holdings in RealReal were worth $359,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KBC Group NV acquired a new position in shares of RealReal in the first quarter valued at approximately $26,000. Gables Capital Management Inc. bought a new stake in RealReal during the 1st quarter worth approximately $35,000. Persistent Asset Partners Ltd acquired a new position in RealReal in the 2nd quarter valued at approximately $46,000. Integrated Wealth Concepts LLC acquired a new position in RealReal in the 2nd quarter valued at approximately $50,000. Finally, Allworth Financial LP bought a new position in shares of RealReal during the second quarter valued at $53,000. Institutional investors own 64.73% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on REAL shares. Roth Capital restated a "buy" rating and issued a $19.00 price objective on shares of RealReal in a report on Friday, August 7th. BTIG Research reiterated a "buy" rating and issued a $17.00 price target on shares of RealReal in a research report on Thursday, September 17th. UBS Group upped their price target on RealReal from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of RealReal in a research report on Friday, July 17th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.75.

RealReal Price Performance

Shares of NASDAQ:REAL opened at $8.89 on Friday. The RealReal, Inc. has a 1 year low of $8.05 and a 1 year high of $17.39. The business's 50-day moving average is $10.88 and its 200-day moving average is $10.60. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -7.94 and a beta of 2.71.

RealReal (NASDAQ:REAL - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. The business had revenue of $192.57 million during the quarter, compared to the consensus estimate of $188.11 million. The company's quarterly revenue was up 16.6% compared to the same quarter last year. Analysts anticipate that The RealReal, Inc. will post -0.13 EPS for the current year.

Insider Activity at RealReal

In other news, CEO Levesque Sahi sold 84,432 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.98, for a total transaction of $927,063.36. Following the transaction, the chief executive officer owned 1,496,844 shares of the company's stock, valued at $16,435,347.12. This represents a 5.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Gopal Madan sold 36,418 shares of the firm's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.98, for a total value of $399,869.64. Following the completion of the sale, the chief financial officer owned 1,108,860 shares of the company's stock, valued at approximately $12,175,282.80. This represents a 3.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 173,004 shares of company stock worth $1,899,283 over the last ninety days. 2.66% of the stock is owned by corporate insiders.

RealReal Profile

The RealReal, Inc NASDAQ: REAL operates an online and brick-and-mortar marketplace for authenticated, pre-owned luxury goods. The company connects individuals and businesses seeking to sell luxury items with consumers looking to purchase them, handling consignment, authentication, merchandising, and fulfillment.

Its marketplace offers products across categories including women's and men's fashion, handbags, shoes, jewelry, watches, fine art, and home goods. The RealReal sells through its website and mobile applications, as well as through physical retail locations and other selling channels.

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