Point72 Asset Management L.P. Acquires Shares of 55,425 The RealReal, Inc. (NASDAQ:REAL)

Point72 Asset Management L.P. purchased a new stake in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 55,425 shares of the company's stock, valued at approximately $606,000. Point72 Asset Management L.P. owned approximately 0.05% of RealReal at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quarry LP increased its stake in RealReal by 120.1% in the 4th quarter. Quarry LP now owns 2,875 shares of the company's stock valued at $31,000 after buying an additional 1,569 shares during the last quarter. R Squared Ltd purchased a new stake in shares of RealReal during the fourth quarter valued at approximately $49,000. Harvest Fund Management Co. Ltd bought a new stake in RealReal during the fourth quarter worth $94,000. Jag Capital Management LLC bought a new stake in RealReal during the fourth quarter worth $126,000. Finally, Olympiad Research LP purchased a new position in RealReal in the fourth quarter worth $136,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

RealReal Stock Performance

REAL stock traded down $0.04 during midday trading on Wednesday, reaching $5.44. 453,305 shares of the company's stock traded hands, compared to its average volume of 2,824,778. The RealReal, Inc. has a 52 week low of $2.24 and a 52 week high of $11.38. The company has a 50-day moving average price of $5.65 and a two-hundred day moving average price of $6.91. The firm has a market capitalization of $614.67 million, a PE ratio of -4.21 and a beta of 2.61.

RealReal (NASDAQ:REAL - Get Free Report) last issued its earnings results 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 analyst estimates of $159.98 million. As a group, analysts predict that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.