The RealReal, Inc. (NASDAQ:REAL) Shares Purchased by Royce & Associates LP

Key Points

• Royce & Associates LP increased its stake in The RealReal, Inc. by 80.0% during the first quarter, acquiring an additional 150,000 shares to reach a total of 337,500 shares.
• Several large investors, including Quarry LP and GAMMA Investing LLC, also boosted their holdings in RealReal, indicating increased institutional interest in the company.
• The company's latest earnings report showed a revenue of $160.03 million, but it missed the EPS estimate, further highlighting its ongoing financial challenges.

Royce & Associates LP raised its stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 80.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 337,500 shares of the company's stock after acquiring an additional 150,000 shares during the period. Royce & Associates LP owned approximately 0.30% of RealReal worth $1,819,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in REAL. Quarry LP grew its stake in shares of 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 in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of RealReal in the 1st quarter worth $61,000. GAMMA Investing LLC grew its stake in shares of RealReal by 6,203.2% in the 1st quarter. GAMMA Investing LLC now owns 13,804 shares of the company's stock worth $74,000 after buying an additional 13,585 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of RealReal in the 1st quarter worth $86,000. Finally, Jag Capital Management LLC grew its stake in shares of RealReal by 72.5% in the 1st quarter. Jag Capital Management LLC now owns 19,884 shares of the company's stock worth $107,000 after buying an additional 8,357 shares in the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal Trading Down 1.0%

Shares of REAL traded down $0.06 during mid-day trading on Friday, hitting $5.21. The company's stock had a trading volume of 1,582,898 shares, compared to its average volume of 3,195,242. The company's 50-day moving average is $5.40 and its 200-day moving average is $6.23. The RealReal, Inc. has a 52-week low of $2.24 and a 52-week high of $11.38. The firm has a market capitalization of $588.65 million, a price-to-earnings ratio of -4.63 and a beta of 2.46.

RealReal (NASDAQ:REAL - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $160.03 million for the quarter, compared to analysts' expectations of $159.98 million. As a group, sell-side analysts predict that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on REAL. UBS Group lifted their price target on shares of RealReal from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. B. Riley began coverage on shares of RealReal in a research note on Thursday, July 17th. They set a "buy" rating and a $8.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, RealReal currently has a consensus rating of "Buy" and a consensus target price of $8.33.

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.