OMERS ADMINISTRATION Corp Invests $513,000 in The RealReal, Inc. (NASDAQ:REAL)

OMERS ADMINISTRATION Corp purchased a new position in The RealReal, Inc. (NASDAQ:REAL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,900 shares of the company's stock, valued at approximately $513,000.

Several other institutional investors have also recently made changes to their positions in REAL. Quarry LP increased its holdings in shares of RealReal by 120.1% in the fourth quarter. Quarry LP now owns 2,875 shares of the company's stock worth $31,000 after purchasing an additional 1,569 shares during the period. R Squared Ltd bought a new position in shares of RealReal in the fourth quarter worth $49,000. Harvest Fund Management Co. Ltd bought a new position in shares of RealReal in the fourth quarter worth $94,000. Jag Capital Management LLC bought a new position in shares of RealReal in the fourth quarter worth $126,000. Finally, Olympiad Research LP bought a new position in shares of RealReal in the fourth quarter worth $136,000. Institutional investors own 64.73% of the company's stock.

Analyst Ratings Changes

Separately, UBS Group upped their price target on shares of 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 given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.40.

RealReal Stock Performance

REAL traded down $0.03 during trading on Friday, reaching $5.21. The stock had a trading volume of 2,203,725 shares, compared to its average volume of 2,828,123. The stock has a market cap of $589.22 million, a PE ratio of -4.04 and a beta of 2.61. The RealReal, Inc. has a one year low of $2.24 and a one year high of $11.38. The business has a 50-day moving average of $5.69 and a 200-day moving average of $6.89.

RealReal (NASDAQ:REAL - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). The company had revenue of $160.03 million during the quarter, compared to analyst estimates of $159.98 million. Equities research analysts forecast that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

RealReal Company 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.