169,835 Shares in The RealReal, Inc. (NASDAQ:REAL) Bought by Jupiter Asset Management Ltd.

Key Points

• Jupiter Asset Management Ltd. has acquired 169,835 shares of The RealReal, valued at approximately $915,000, increasing their ownership to 0.15% of the company.
• Institutional investors collectively own 64.73% of The RealReal, with several major firms like Vanguard Group and Geode Capital also increasing their stakes.
• The RealReal reported a quarterly loss of ($0.14) earnings per share, missing expectations, and analysts have a consensus price target of $8.33 for the stock.

Jupiter Asset Management Ltd. purchased a new stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 169,835 shares of the company's stock, valued at approximately $915,000. Jupiter Asset Management Ltd. owned 0.15% of RealReal at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Voloridge Investment Management LLC bought a new position in RealReal in the fourth quarter valued at approximately $17,138,000. Norges Bank acquired a new stake in shares of RealReal in the 4th quarter valued at $11,989,000. Driehaus Capital Management LLC bought a new position in shares of RealReal in the 4th quarter valued at $10,370,000. Invesco Ltd. raised its holdings in shares of RealReal by 413.4% during the 4th 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. Finally, Quinn Opportunity Partners LLC lifted its position in shares of RealReal by 233.3% during the 4th quarter. Quinn Opportunity Partners LLC now owns 1,066,057 shares of the company's stock worth $11,652,000 after buying an additional 746,172 shares during the last quarter. Institutional investors and hedge funds own 64.73% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on REAL. UBS Group raised their price objective on RealReal from $7.00 to $8.00 and gave the company a "neutral" rating in a research note on Friday. B. Riley increased their target price on shares of RealReal from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Friday. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, RealReal currently has a consensus rating of "Buy" and a consensus price target of $11.13.

RealReal Stock Performance

Shares of REAL traded up $1.07 during trading hours on Friday, reaching $6.58. The stock had a trading volume of 12,887,928 shares, compared to its average volume of 3,291,673. The RealReal, Inc. has a 12 month low of $2.24 and a 12 month high of $11.38. The stock has a market capitalization of $743.57 million, a PE ratio of -5.82 and a beta of 2.48. The company's 50-day moving average is $5.42 and its two-hundred day moving average is $6.10.

RealReal (NASDAQ:REAL - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.14) earnings per share (EPS) 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 analyst estimates of $159.98 million. Equities analysts anticipate that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal 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.