Gotham Asset Management LLC Acquires New Shares in The RealReal, Inc. (NASDAQ:REAL)

Gotham Asset Management LLC purchased a new position in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 74,698 shares of the company's stock, valued at approximately $816,000. Gotham Asset Management LLC owned about 0.07% of RealReal at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Quarry LP increased its stake in RealReal by 120.1% during the 4th quarter. Quarry LP now owns 2,875 shares of the company's stock worth $31,000 after acquiring an additional 1,569 shares during the period. R Squared Ltd bought a new position in RealReal during the 4th quarter worth $49,000. Harvest Fund Management Co. Ltd bought a new position in RealReal during the 4th quarter worth $94,000. Jag Capital Management LLC bought a new position in RealReal during the 4th quarter worth $126,000. Finally, Olympiad Research LP bought a new position in RealReal during the 4th quarter worth $136,000. 64.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

RealReal Stock Down 0.6%

Shares of REAL stock traded down $0.03 during trading hours on Friday, reaching $5.21. The company's stock had a trading volume of 2,203,725 shares, compared to its average volume of 2,828,123. The firm's 50 day simple moving average is $5.69 and its 200-day simple moving average is $6.89. The company has a market capitalization of $589.22 million, a price-to-earnings ratio of -4.04 and a beta of 2.61. The RealReal, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $11.38.

RealReal (NASDAQ:REAL - Get Free Report) last issued its earnings results 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 business had revenue of $160.03 million during the quarter, compared to analysts' expectations of $159.98 million. Sell-side analysts predict 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.