Panagora Asset Management Inc. Has $1.77 Million Holdings in The RealReal, Inc. $REAL

Key Points

• Panagora Asset Management Inc. increased its stake in The RealReal by 225.7%, owning 327,524 shares worth approximately $1.76 million after acquiring an additional 226,967 shares in Q1 2023.
• The RealReal's stock price rose 8.2% with a market capitalization of $954.16 million, trading around $8.28, up from a low of $2.24 in the past twelve months.
• Recent earnings exceeded expectations with a reported ($0.13) EPS compared to a consensus of ($0.15), and the company forecasted lower expectations for earnings in FY 2025.

Panagora Asset Management Inc. raised its holdings in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 225.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 327,524 shares of the company's stock after buying an additional 226,967 shares during the period. Panagora Asset Management Inc. owned about 0.29% of RealReal worth $1,765,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in RealReal by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 5,097,765 shares of the company's stock worth $27,477,000 after purchasing an additional 192,633 shares during the period. Two Sigma Advisers LP grew its stake in RealReal by 8.7% during the 4th quarter. Two Sigma Advisers LP now owns 2,275,100 shares of the company's stock valued at $24,867,000 after acquiring an additional 181,300 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of RealReal by 26.3% during the fourth quarter. Two Sigma Investments LP now owns 2,189,454 shares of the company's stock worth $23,931,000 after acquiring an additional 456,425 shares in the last quarter. Driehaus Capital Management LLC raised its stake in shares of RealReal by 90.8% during the 1st quarter. Driehaus Capital Management LLC now owns 1,810,651 shares of the company's stock worth $9,759,000 after purchasing an additional 861,902 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of RealReal in the 4th quarter valued at approximately $17,138,000. 64.73% of the stock is owned by institutional investors.

RealReal Price Performance

REAL stock traded down $0.01 on Friday, reaching $8.67. 2,974,545 shares of the company were exchanged, compared to its average volume of 4,502,466. The RealReal, Inc. has a 12 month low of $2.24 and a 12 month high of $11.38. The stock's fifty day moving average price is $6.43 and its 200 day moving average price is $5.93. The firm has a market capitalization of $999.10 million, a PE ratio of -8.18 and a beta of 2.50.

RealReal (NASDAQ:REAL - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.02. The company had revenue of $165.19 million during the quarter, compared to the consensus estimate of $159.17 million. RealReal has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts expect that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on REAL. UBS Group increased their target price on shares of RealReal from $7.00 to $8.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. B. Riley reissued a "buy" rating and set a $9.00 price objective (up previously from $8.00) on shares of RealReal in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, RealReal currently has a consensus rating of "Buy" and an average price target of $11.13.

Insider Buying and Selling at RealReal

In other news, CEO Levesque Rati Sahi sold 260,171 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $7.94, for a total value of $2,065,757.74. Following the completion of the transaction, the chief executive officer directly owned 1,803,044 shares of the company's stock, valued at approximately $14,316,169.36. This represents a 12.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 9.00% of the company's stock.

RealReal 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.