Millennium Management LLC lessened its holdings in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 quarter.
Several other hedge funds have also made changes to their positions in the business. Quarry LP boosted its stake in RealReal by 120.1% in the 4th quarter. Quarry LP now owns 2,875 shares of the company's stock worth $31,000 after buying an additional 1,569 shares during the last quarter. R Squared Ltd purchased a new stake in RealReal in the fourth quarter valued at approximately $49,000. Harvest Fund Management Co. Ltd purchased a new stake in RealReal in the fourth quarter valued at approximately $94,000. Jag Capital Management LLC purchased a new stake in RealReal in the fourth quarter valued at approximately $126,000. Finally, Olympiad Research LP purchased a new position in shares of RealReal in the 4th quarter worth $136,000. Institutional investors and hedge funds own 64.73% of the company's stock.
Analyst Upgrades and Downgrades
Separately, UBS Group upped their price target on RealReal from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Two 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, RealReal currently has an average rating of "Moderate Buy" and a consensus target price of $8.40.
Check Out Our Latest Research Report on REAL
RealReal Stock Performance
Shares of NASDAQ:REAL traded down $0.11 during midday trading on Wednesday, hitting $5.36. 2,265,633 shares of the company's stock traded hands, compared to its average volume of 2,831,678. The RealReal, Inc. has a twelve month low of $2.24 and a twelve month high of $11.38. The company has a market cap of $606.18 million, a PE ratio of -4.16 and a beta of 2.61. The firm's fifty day moving average price is $5.65 and its two-hundred day moving average price is $6.91.
RealReal (NASDAQ:REAL - Get Free Report) last released 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 business had revenue of $160.03 million during the quarter, compared to the consensus estimate of $159.98 million. As a group, equities research analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.
RealReal Profile
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Free Report)
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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