Man Group plc Acquires New Shares in The RealReal, Inc. $REAL

Key Points

• Man Group plc acquired 328,928 shares of The RealReal during the second quarter, worth approximately $3.88 million and representing 0.27% of the company. Institutional investors collectively own 64.73% of RealReal.
• RealReal reported quarterly revenue of $192.57 million, up 16.6% year over year, and adjusted its loss to $0.01 per share, beating analysts’ estimate by $0.01.
• Analyst sentiment is moderately bullish, with a consensus rating of “Moderate Buy” and an average price target of $17.75, although the CEO and CFO recently sold shares and the stock opened at $10.93.

Man Group plc bought a new stake in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 328,928 shares of the company's stock, valued at approximately $3,878,000. Man Group plc owned 0.27% of RealReal at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Quarry LP purchased a new position in shares of RealReal in the third quarter valued at $28,000. KBC Group NV bought a new stake in shares of RealReal during the 1st quarter valued at $26,000. Larson Financial Group LLC purchased a new stake in RealReal during the 3rd quarter worth about $31,000. Gables Capital Management Inc. purchased a new stake in RealReal during the 1st quarter worth about $35,000. Finally, Persistent Asset Partners Ltd bought a new position in RealReal in the 2nd quarter worth about $46,000. Hedge funds and other institutional investors own 64.73% of the company's stock.

RealReal Price Performance

NASDAQ:REAL opened at $10.93 on Monday. The business's 50-day moving average price is $11.59 and its two-hundred day moving average price is $10.85. The RealReal, Inc. has a twelve month low of $7.30 and a twelve month high of $17.39. The stock has a market cap of $1.33 billion, a P/E ratio of -9.76 and a beta of 2.69.

RealReal (NASDAQ:REAL - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $192.57 million for the quarter, compared to analysts' expectations of $188.11 million. RealReal's revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities research analysts expect that The RealReal, Inc. will post -0.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Levesque Rati Sahi sold 84,432 shares of RealReal stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.98, for a total transaction of $927,063.36. Following the completion of the sale, the chief executive officer directly owned 1,496,844 shares of the company's stock, valued at approximately $16,435,347.12. The trade was a 5.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Gopal Ajay Madan sold 36,418 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.98, for a total transaction of $399,869.64. Following the completion of the transaction, the chief financial officer owned 1,108,860 shares of the company's stock, valued at $12,175,282.80. This trade represents a 3.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 173,004 shares of company stock worth $1,899,283. 2.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on REAL. BTIG Research reiterated a "buy" rating and set a $17.00 price target on shares of RealReal in a research report on Wednesday, June 3rd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of RealReal in a research note on Friday, July 17th. Robert W. Baird set a $13.00 target price on shares of RealReal in a report on Friday, May 8th. Roth Capital reiterated a "buy" rating and issued a $19.00 target price on shares of RealReal in a research note on Friday, August 7th. Finally, UBS Group raised their price target on shares of RealReal from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $17.75.

RealReal Profile

The RealReal, Inc NASDAQ: REAL operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal's business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.

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