Two Sigma Advisers LP Acquires 181,300 Shares of The RealReal, Inc. (NASDAQ:REAL)

Two Sigma Advisers LP increased its position in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,275,100 shares of the company's stock after buying an additional 181,300 shares during the period. Two Sigma Advisers LP owned 2.07% of RealReal worth $24,867,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in REAL. JPMorgan Chase & Co. increased its holdings in RealReal by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company's stock worth $2,319,000 after buying an additional 97,700 shares during the last quarter. R Squared Ltd acquired a new position in RealReal during the fourth quarter worth $49,000. Stephens Inc. AR acquired a new position in RealReal during the fourth quarter worth $978,000. Rhumbline Advisers increased its holdings in RealReal by 7.4% during the fourth quarter. Rhumbline Advisers now owns 143,743 shares of the company's stock worth $1,571,000 after buying an additional 9,893 shares during the last quarter. Finally, Fortis Group Advisors LLC increased its holdings in RealReal by 15.1% during the fourth quarter. Fortis Group Advisors LLC now owns 89,380 shares of the company's stock worth $977,000 after buying an additional 11,745 shares during the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

RealReal Price Performance

REAL stock traded down $0.03 during midday trading on Friday, reaching $5.21. 2,203,725 shares of the company were exchanged, compared to its average volume of 2,821,196. The business has a 50-day moving average price of $5.69 and a two-hundred day moving average price of $6.87. The RealReal, Inc. has a one year low of $2.24 and a one year high of $11.38. The firm has a market capitalization of $589.22 million, a price-to-earnings ratio of -4.04 and a beta of 2.61.

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

Wall Street Analysts Forecast Growth

Separately, UBS Group boosted their target price 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 equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $8.40.

About RealReal

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.