Jupiter Asset Management Ltd. Invests $915,000 in The RealReal, Inc. (NASDAQ:REAL)

Jupiter Asset Management Ltd. purchased a new position in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 169,835 shares of the company's stock, valued at approximately $915,000. Jupiter Asset Management Ltd. owned about 0.15% of RealReal as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of REAL. Quarry LP raised its stake in shares of RealReal by 120.1% in the fourth quarter. Quarry LP now owns 2,875 shares of the company's stock valued at $31,000 after purchasing an additional 1,569 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of RealReal by 6.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,937 shares of the company's stock valued at $622,000 after purchasing an additional 3,236 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of RealReal by 8.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 101,035 shares of the company's stock valued at $1,105,000 after purchasing an additional 7,645 shares in the last quarter. Jag Capital Management LLC raised its stake in shares of RealReal by 72.5% in the first quarter. Jag Capital Management LLC now owns 19,884 shares of the company's stock valued at $107,000 after purchasing an additional 8,357 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of RealReal by 52.5% in the fourth quarter. ProShare Advisors LLC now owns 28,197 shares of the company's stock valued at $308,000 after purchasing an additional 9,704 shares in the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

RealReal Price Performance

RealReal stock opened at $5.77 on Tuesday. The stock has a fifty day moving average price of $5.41 and a two-hundred day moving average price of $6.14. The RealReal, Inc. has a 52-week low of $2.24 and a 52-week high of $11.38. The firm has a market capitalization of $652.53 million, a P/E ratio of -5.11 and a beta of 2.48.

RealReal (NASDAQ:REAL - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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. On average, equities research analysts predict that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on REAL shares. UBS Group upped their target price on RealReal from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. B. Riley started coverage on RealReal in a research note on Thursday, July 17th. They issued a "buy" rating and a $8.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, RealReal presently has an average rating of "Buy" and an average price target 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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.