Kanen Wealth Management LLC Buys 978,660 Shares of The RealReal, Inc. $REAL

Key Points

• Kanen Wealth Management LLC increased its stake in The RealReal, Inc. by 26.2%, purchasing an additional 978,660 shares, bringing their total holdings to approximately 4.71 million shares.
• Analysts have a consensus rating of Moderate Buy for RealReal, with price targets ranging from $8.00 to $12.00, indicating positive market sentiment for the stock.
• RealReal reported better-than-expected earnings for the last quarter, with revenue of $165.19 million compared to estimates of $159.17 million.

Kanen Wealth Management LLC raised its holdings in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 26.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,708,623 shares of the company's stock after buying an additional 978,660 shares during the period. RealReal comprises approximately 8.6% of Kanen Wealth Management LLC's investment portfolio, making the stock its 4th biggest holding. Kanen Wealth Management LLC owned approximately 4.16% of RealReal worth $22,554,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in REAL. Rhumbline Advisers boosted its stake in shares of RealReal by 1.3% during the 1st quarter. Rhumbline Advisers now owns 145,543 shares of the company's stock worth $784,000 after acquiring an additional 1,800 shares during the period. Game Plan Financial Advisors LLC boosted its holdings in shares of RealReal by 52.8% during the first quarter. Game Plan Financial Advisors LLC now owns 5,500 shares of the company's stock worth $30,000 after acquiring an additional 1,900 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of RealReal by 6.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,937 shares of the company's stock worth $622,000 after acquiring an additional 3,236 shares during the period. Quarry LP boosted its holdings in shares of RealReal by 117.0% during the first quarter. Quarry LP now owns 6,238 shares of the company's stock worth $34,000 after acquiring an additional 3,363 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of RealReal by 1.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 290,048 shares of the company's stock worth $1,563,000 after acquiring an additional 5,172 shares during the period. 64.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. BTIG Research boosted their price objective on RealReal from $9.00 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. B. Riley boosted their price objective on RealReal from $9.00 to $12.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Finally, UBS Group boosted their price objective on RealReal from $7.00 to $8.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $11.70.

RealReal Trading Down 1.4%

Shares of REAL opened at $10.74 on Tuesday. The stock has a market capitalization of $1.24 billion, a P/E ratio of -10.13 and a beta of 2.50. The firm's fifty day simple moving average is $7.43 and its two-hundred day simple moving average is $6.19. The RealReal, Inc. has a 12 month low of $2.71 and a 12 month high of $11.38.

RealReal (NASDAQ:REAL - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.02. The firm had revenue of $165.19 million for the quarter, compared to the consensus estimate of $159.17 million. RealReal has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts predict that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Insider Buying and Selling

In other RealReal news, CEO Levesque Rati Sahi sold 260,171 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $7.94, for a total transaction of $2,065,757.74. Following the sale, the chief executive officer owned 1,803,044 shares of the company's stock, valued at approximately $14,316,169.36. This represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 9.00% of the company's stock.

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.

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