Deutsche Bank AG purchased a new stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 117,620 shares of the company's stock, valued at approximately $1,387,000. Deutsche Bank AG owned about 0.10% of RealReal at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in RealReal by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 6,336,596 shares of the company's stock valued at $99,991,000 after acquiring an additional 406,789 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of RealReal by 58.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,049,042 shares of the company's stock worth $36,765,000 after purchasing an additional 1,489,939 shares during the period. State Street Corp lifted its position in shares of RealReal by 4.2% in the 4th quarter. State Street Corp now owns 2,746,238 shares of the company's stock worth $43,336,000 after purchasing an additional 111,677 shares during the period. Two Sigma Investments LP boosted its stake in shares of RealReal by 6.6% in the 3rd quarter. Two Sigma Investments LP now owns 2,628,770 shares of the company's stock valued at $27,944,000 after purchasing an additional 162,804 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of RealReal by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 2,447,182 shares of the company's stock valued at $38,624,000 after purchasing an additional 53,567 shares during the last quarter. Institutional investors and hedge funds own 64.73% of the company's stock.
RealReal Price Performance
REAL opened at $10.93 on Friday. The RealReal, Inc. has a 1 year low of $7.30 and a 1 year high of $17.39. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -9.76 and a beta of 2.69. The firm's fifty day moving average price is $11.59 and its two-hundred day moving average price is $10.86.
RealReal (NASDAQ:REAL - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm's revenue was up 16.6% compared to the same quarter last year. As a group, equities analysts anticipate that The RealReal, Inc. will post -0.13 EPS for the current year.
Insider Activity at RealReal
In other news, CFO Gopal Ajay Madan sold 36,418 shares of RealReal stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.98, for a total value of $399,869.64. Following the completion of the transaction, the chief financial officer directly owned 1,108,860 shares in the company, valued at approximately $12,175,282.80. The trade was a 3.18% 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 12,559 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $10.97, for a total transaction of $137,772.23. Following the completion of the sale, the chief accounting officer owned 176,910 shares in the company, valued at $1,940,702.70. This represents a 6.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 173,004 shares of company stock worth $1,899,283 in the last three months. Corporate insiders own 2.66% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on REAL shares. Roth Capital reiterated a "buy" rating and set a $19.00 price target on shares of RealReal in a report on Friday, August 7th. Robert W. Baird set a $13.00 price objective on RealReal in a research note on Friday, May 8th. Weiss Ratings restated a "sell (d-)" rating on shares of RealReal in a research report on Friday, July 17th. BTIG Research reaffirmed a "buy" rating and set a $17.00 target price on shares of RealReal in a research note on Wednesday, June 3rd. Finally, UBS Group lifted their target price on RealReal from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Six investment 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.75.
Check Out Our Latest Stock Analysis on RealReal
RealReal Company Profile
(
Free Report)
The RealReal, Inc NASDAQ: REAL operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.
At the core of The RealReal's business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.
Further Reading
Want to see what other hedge funds are holding REAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The RealReal, Inc. (NASDAQ:REAL - Free Report).
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