Connor Clark & Lunn Investment Management Ltd. Takes Position in The RealReal, Inc. (NASDAQ:REAL)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) in the 1st quarter, according to its most recent filing with the Securities & 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 approximately 0.60% of RealReal at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of REAL. Quarry LP raised its position in RealReal by 120.1% during the fourth quarter. Quarry LP now owns 2,875 shares of the company's stock valued at $31,000 after acquiring an additional 1,569 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of RealReal during the 1st quarter valued at approximately $61,000. GAMMA Investing LLC grew its stake in RealReal by 6,203.2% in the 1st quarter. GAMMA Investing LLC now owns 13,804 shares of the company's stock valued at $74,000 after acquiring an additional 13,585 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in RealReal in the 1st quarter worth $86,000. Finally, Jag Capital Management LLC increased its holdings in RealReal by 72.5% in the 1st quarter. Jag Capital Management LLC now owns 19,884 shares of the company's stock worth $107,000 after acquiring an additional 8,357 shares in the last quarter. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

RealReal Stock Performance

Shares of REAL traded down $0.14 during trading hours on Friday, hitting $7.73. 3,247,236 shares of the stock were exchanged, compared to its average volume of 4,196,515. The RealReal, Inc. has a 12-month low of $2.24 and a 12-month high of $11.38. The company has a market cap of $890.81 million, a price-to-earnings ratio of -7.29 and a beta of 2.48. The stock's 50-day moving average price is $5.63 and its two-hundred day moving average price is $6.01.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on REAL shares. B. Riley reissued a "buy" rating and issued a $9.00 price target (up previously from $8.00) on shares of RealReal in a report on Friday, August 8th. UBS Group set a $8.00 price target on shares of RealReal and gave the stock a "neutral" rating in a report on Friday, August 8th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $11.13.

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.