The RealReal, Inc. (NASDAQ:REAL) Shares Acquired by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP increased its holdings in The RealReal, Inc. by 41.6% during the first quarter, owning approximately 0.29% of the company with a value of $1.784 million.
• Several other institutional investors have also made significant changes to their positions in RealReal, including Quarry LP which boosted its stake by 120.1%.
• Analysts have mixed opinions on RealReal, with price targets ranging from $6.00 to $8.00 and a consensus rating of "Buy" from investment firms.

GSA Capital Partners LLP lifted its stake in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 41.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 330,897 shares of the company's stock after buying an additional 97,154 shares during the quarter. GSA Capital Partners LLP owned 0.29% of RealReal worth $1,784,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of REAL. Sei Investments Co. purchased a new stake in shares of RealReal during the 4th quarter valued at about $805,000. Vanguard Group Inc. raised its holdings in shares of RealReal by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 4,905,132 shares of the company's stock valued at $53,613,000 after buying an additional 121,626 shares during the period. Norges Bank acquired a new position in shares of RealReal in the fourth quarter worth about $11,989,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of RealReal in the fourth quarter worth about $1,678,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of RealReal in the fourth quarter worth about $156,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

RealReal Stock Performance

Shares of REAL stock traded down $0.03 during trading hours on Friday, hitting $5.23. 2,437,313 shares of the company were exchanged, compared to its average volume of 3,201,211. The RealReal, Inc. has a one year low of $2.24 and a one year high of $11.38. The business's 50-day simple moving average is $5.40 and its two-hundred day simple moving average is $6.23. The stock has a market capitalization of $591.82 million, a price-to-earnings ratio of -4.63 and a beta of 2.46.

RealReal (NASDAQ:REAL - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $160.03 million for the quarter, compared to analyst estimates of $159.98 million. As a group, analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the company. B. Riley assumed coverage on RealReal in a research note on Thursday, July 17th. They issued a "buy" rating and a $8.00 price target on the stock. UBS Group boosted 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 analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, RealReal presently has a consensus rating of "Buy" and an average target price of $8.33.

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.