Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 678,889 The RealReal, Inc. $REAL

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 678,889 shares of the company's stock, valued at approximately $3,659,000. Connor Clark & Lunn Investment Management Ltd. owned 0.60% of RealReal at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Quarry LP boosted its position in shares of RealReal by 120.1% during the fourth quarter. Quarry LP now owns 2,875 shares of the company's stock worth $31,000 after buying an additional 1,569 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of RealReal in the first quarter valued at approximately $61,000. PharVision Advisers LLC acquired a new stake in shares of RealReal in the fourth quarter valued at approximately $133,000. GAMMA Investing LLC raised its holdings in shares of RealReal by 6,203.2% in the first quarter. GAMMA Investing LLC now owns 13,804 shares of the company's stock valued at $74,000 after purchasing an additional 13,585 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of RealReal in the first quarter valued at approximately $86,000. 64.73% of the stock is currently owned by institutional investors.

RealReal Stock Performance

REAL traded up $0.13 during trading on Monday, reaching $7.86. 1,219,318 shares of the stock were exchanged, compared to its average volume of 3,360,964. The stock has a market cap of $905.21 million, a P/E ratio of -7.42 and a beta of 2.48. The RealReal, Inc. has a twelve month low of $2.24 and a twelve month high of $11.38. The stock's 50 day moving average price is $5.63 and its two-hundred day moving average price is $5.97.

RealReal (NASDAQ:REAL - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.02. The firm had revenue of $165.19 million for the quarter, compared to analyst estimates of $159.17 million. Equities research analysts predict that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on REAL. B. Riley reissued a "buy" rating and set a $9.00 price target (up from $8.00) on shares of RealReal in a research report on Friday, August 8th. UBS Group set a $8.00 target price on RealReal and gave the company a "neutral" rating in a research report on Friday, August 8th. One research analyst has 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, RealReal presently has a consensus rating of "Buy" and a consensus price target of $11.13.

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.