Informed Momentum Co LLC Lowers Stock Position in The RealReal, Inc. (NASDAQ:REAL)

Key Points

• Informed Momentum Co LLC reduced its stock position in The RealReal, Inc. by 42.3%, selling 283,980 shares in the first quarter and now owning 386,580 shares valued at approximately $2.08 million.
• Analyst ratings for The RealReal are generally positive, with a consensus rating of "Buy" and an average target price of $11.13, reflecting confidence in the company’s growth potential.
• In its latest earnings report, The RealReal exceeded expectations with $165.19 million in revenue, surpassing analyst projections of $159.17 million.

Informed Momentum Co LLC cut its holdings in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 42.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 386,580 shares of the company's stock after selling 283,980 shares during the quarter. Informed Momentum Co LLC owned approximately 0.34% of RealReal worth $2,084,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC purchased a new stake in shares of RealReal in the fourth quarter worth about $156,000. Alliancebernstein L.P. lifted its holdings in shares of RealReal by 88.9% in the fourth quarter. Alliancebernstein L.P. now owns 100,850 shares of the company's stock worth $1,102,000 after buying an additional 47,450 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of RealReal by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company's stock worth $25,447,000 after buying an additional 33,927 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of RealReal by 31.5% in the fourth quarter. Wells Fargo & Company MN now owns 102,917 shares of the company's stock worth $1,125,000 after buying an additional 24,669 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of RealReal by 413.4% in the fourth quarter. Invesco Ltd. now owns 1,053,911 shares of the company's stock worth $11,519,000 after buying an additional 848,640 shares in the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. B. Riley reissued a "buy" rating and issued a $9.00 price target (up from $8.00) on shares of RealReal in a report on Friday, August 8th. UBS Group set a $8.00 price objective on shares of RealReal and gave the stock a "neutral" rating in a research 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's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $11.13.

RealReal Price Performance

REAL stock traded down $0.14 during trading on Friday, reaching $7.73. The company had a trading volume of 3,247,236 shares, compared to its average volume of 3,375,133. The RealReal, Inc. has a 52 week low of $2.24 and a 52 week high of $11.38. The business has a 50 day moving average of $5.59 and a 200 day moving average of $6.03. The company has a market cap of $890.81 million, a P/E ratio of -7.29 and a beta of 2.48.

RealReal (NASDAQ:REAL - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) EPS for the quarter, beating 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. Research analysts expect that The RealReal, Inc. will post -0.4 earnings per share for the current year.

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.