Millennium Management LLC Trims Stock Position in The RealReal, Inc. (NASDAQ:REAL)

Millennium Management LLC trimmed its position in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 867,554 shares of the company's stock after selling 102,893 shares during the quarter. Millennium Management LLC owned about 0.79% of RealReal worth $9,482,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of RealReal by 6.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,937 shares of the company's stock worth $622,000 after purchasing an additional 3,236 shares during the last quarter. Gotham Asset Management LLC purchased a new stake in shares of RealReal in the 4th quarter valued at approximately $816,000. Graham Capital Management L.P. raised its holdings in shares of RealReal by 23.5% in the 4th quarter. Graham Capital Management L.P. now owns 72,158 shares of the company's stock valued at $789,000 after buying an additional 13,739 shares during the period. G2 Investment Partners Management LLC acquired a new stake in shares of RealReal during the fourth quarter worth about $2,709,000. Finally, Driehaus Capital Management LLC purchased a new position in shares of RealReal in the fourth quarter valued at approximately $10,370,000. Hedge funds and other institutional investors own 64.73% of the company's stock.

Analyst Upgrades and Downgrades

Separately, UBS Group upped their target price on shares of RealReal from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $8.40.

RealReal Stock Performance

REAL stock traded up $0.26 during mid-day trading on Tuesday, reaching $5.47. The company had a trading volume of 4,281,731 shares, compared to its average volume of 2,833,942. The firm has a fifty day simple moving average of $5.67 and a 200 day simple moving average of $6.92. The company has a market capitalization of $618.62 million, a price-to-earnings ratio of -4.24 and a beta of 2.61. The RealReal, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $11.38.

RealReal (NASDAQ:REAL - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The company had revenue of $160.03 million for the quarter, compared to analysts' expectations of $159.98 million. As a group, analysts predict that The RealReal, Inc. will post -0.4 earnings per share for the current 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.