Panagora Asset Management Inc. Buys 226,967 Shares of 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 stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 225.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 327,524 shares of the company's stock after acquiring an additional 226,967 shares during the quarter. Panagora Asset Management Inc. owned about 0.29% of RealReal worth $1,765,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Kestra Private Wealth Services LLC raised its holdings in RealReal by 86.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 35,353 shares of the company's stock valued at $191,000 after acquiring an additional 16,353 shares during the period. Jump Financial LLC raised its holdings in RealReal by 129.4% in the 1st quarter. Jump Financial LLC now owns 460,200 shares of the company's stock valued at $2,480,000 after acquiring an additional 259,600 shares during the period. Vanguard Group Inc. raised its holdings in RealReal by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 5,097,765 shares of the company's stock valued at $27,477,000 after acquiring an additional 192,633 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in RealReal in the 1st quarter valued at about $127,000. Finally, Algert Global LLC raised its holdings in RealReal by 182.2% in the 1st quarter. Algert Global LLC now owns 529,770 shares of the company's stock valued at $2,855,000 after acquiring an additional 342,030 shares during the period. 64.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on REAL shares. B. Riley reissued a "buy" rating and issued a $9.00 price target (up from $8.00) on shares of RealReal in a report on Friday, August 8th. 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. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, RealReal currently has an average rating of "Buy" and a consensus target price of $11.13.

RealReal Stock Performance

Shares of NASDAQ REAL traded down $0.05 during trading hours on Tuesday, hitting $8.19. 767,978 shares of the stock were exchanged, compared to its average volume of 3,382,494. The company has a market cap of $943.24 million, a PE ratio of -7.70 and a beta of 2.50. The company's fifty day simple moving average is $6.50 and its two-hundred day simple moving average is $5.93. The RealReal, Inc. has a 1-year low of $2.24 and a 1-year high of $11.38.

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

Insider Buying and Selling

In related news, CEO Levesque Rati Sahi sold 260,171 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were 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 owned 1,803,044 shares of the company's stock, valued at $14,316,169.36. This represents a 12.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.00% of the stock is currently owned by insiders.

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.