Millennium Management LLC Has $9.48 Million Stock Holdings in The RealReal, Inc. (NASDAQ:REAL)

Millennium Management LLC cut its position in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 10.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 867,554 shares of the company's stock after selling 102,893 shares during the quarter. Millennium Management LLC owned approximately 0.79% of RealReal worth $9,482,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in RealReal in the fourth quarter valued at about $49,000. Stephens Inc. AR acquired a new stake in shares of RealReal during the 4th quarter worth about $978,000. Rhumbline Advisers lifted its holdings in RealReal by 7.4% during the 4th quarter. Rhumbline Advisers now owns 143,743 shares of the company's stock valued at $1,571,000 after purchasing an additional 9,893 shares during the last quarter. Fortis Group Advisors LLC boosted its position in RealReal by 15.1% in the fourth quarter. Fortis Group Advisors LLC now owns 89,380 shares of the company's stock valued at $977,000 after buying an additional 11,745 shares in the last quarter. Finally, Olympiad Research LP bought a new stake in RealReal during the fourth quarter worth about $136,000. 64.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, UBS Group boosted their target price on RealReal from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $8.40.

RealReal Stock Performance

REAL stock traded up $0.14 during midday trading on Friday, hitting $5.69. 435,222 shares of the company's stock were exchanged, compared to its average volume of 2,830,356. The stock's fifty day moving average price is $5.61 and its 200-day moving average price is $6.91. The RealReal, Inc. has a one year low of $2.24 and a one year high of $11.38. The company has a market cap of $643.96 million, a PE ratio of -4.40 and a beta of 2.61.

RealReal (NASDAQ:REAL - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.14) EPS 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 analyst estimates of $159.98 million. On average, analysts expect that The RealReal, Inc. will post -0.4 EPS 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.