Balyasny Asset Management L.P. Has $263,000 Stock Position in The RealReal, Inc. (NASDAQ:REAL)

Balyasny Asset Management L.P. cut its position in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 96.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,089 shares of the company's stock after selling 638,153 shares during the period. Balyasny Asset Management L.P.'s holdings in RealReal were worth $263,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP raised its stake in shares of RealReal by 120.1% during the 4th quarter. Quarry LP now owns 2,875 shares of the company's stock worth $31,000 after purchasing an additional 1,569 shares in the last quarter. R Squared Ltd purchased a new stake in shares of RealReal during the 4th quarter worth about $49,000. Price T Rowe Associates Inc. MD raised its stake in shares of RealReal by 8.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 101,035 shares of the company's stock worth $1,105,000 after purchasing an additional 7,645 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of RealReal during the 4th quarter worth about $94,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of RealReal by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 284,876 shares of the company's stock worth $3,114,000 after purchasing an additional 9,453 shares in the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

RealReal Price Performance

Shares of REAL stock traded down $0.03 during trading on Friday, reaching $5.21. The company had a trading volume of 2,203,725 shares, compared to its average volume of 2,821,196. The firm's 50 day simple moving average is $5.69 and its two-hundred day simple moving average is $6.87. The RealReal, Inc. has a one year low of $2.24 and a one year high of $11.38. The company has a market capitalization of $589.22 million, a PE ratio of -4.04 and a beta of 2.61.

RealReal (NASDAQ:REAL - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $160.03 million during the quarter, compared to analyst estimates of $159.98 million. Analysts forecast that The RealReal, Inc. will post -0.4 earnings per share for the current year.

About RealReal

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.