Mackenzie Financial Corp Invests $332,000 in The RealReal, Inc. (NASDAQ:REAL)

Key Points

• Mackenzie Financial Corp invested $332,000 in The RealReal, acquiring 61,534 shares, which corresponds to about 0.05% ownership of the company.
• Several analysts have increased their price targets for RealReal, with B. Riley setting a target of $9.00 and UBS raising it to $8.00, reflecting a general consensus rating of "Buy."
• RealReal reported a quarterly revenue of $165.19 million, exceeding expectations, and has a 12-month stock range of $2.24 to $11.38.

Mackenzie Financial Corp bought a new stake in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 61,534 shares of the company's stock, valued at approximately $332,000. Mackenzie Financial Corp owned 0.05% of RealReal as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Quarry LP boosted its holdings in shares of RealReal by 120.1% in the 4th quarter. Quarry LP now owns 2,875 shares of the company's stock valued at $31,000 after acquiring an additional 1,569 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of RealReal during the 1st quarter valued at about $61,000. GAMMA Investing LLC raised its stake in shares of RealReal by 6,203.2% during the 1st quarter. GAMMA Investing LLC now owns 13,804 shares of the company's stock valued at $74,000 after buying an additional 13,585 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of RealReal in the first quarter worth about $86,000. Finally, Jag Capital Management LLC boosted 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 worth $107,000 after buying an additional 8,357 shares during the last quarter. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

RealReal Stock Up 16.2%

NASDAQ:REAL traded up $0.89 during trading hours on Friday, reaching $6.40. 15,800,989 shares of the stock were exchanged, compared to its average volume of 3,593,433. The RealReal, Inc. has a twelve month low of $2.24 and a twelve month high of $11.38. The business has a 50-day moving average of $5.43 and a two-hundred day moving average of $6.03. The company has a market capitalization of $737.54 million, a price-to-earnings ratio of -6.04 and a beta of 2.48.

RealReal (NASDAQ:REAL - Get Free Report) last announced its 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 analysts' expectations of $159.17 million. On average, research analysts forecast that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. B. Riley increased their price target on shares of RealReal from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Friday. UBS Group upped their price target on RealReal from $7.00 to $8.00 and gave the stock a "neutral" 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. According to data from MarketBeat, RealReal currently has a consensus rating of "Buy" and an average price target of $11.13.

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.