The RealReal, Inc. $REAL Shares Acquired by Versor Investments LP

Key Points

• Versor Investments LP has increased its stake in The RealReal, Inc. by 189.1%, owning 0.16% of the company valued at approximately $986,000.
• Several hedge funds have modified their positions in RealReal, with significant increases in holdings including a 6,203.2% rise by GAMMA Investing LLC.
• Analysts set target prices for RealReal stocks, with B. Riley issuing a buy rating and a target price increase to $9.00, while the average target price is currently $11.13.

Versor Investments LP increased its position in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 189.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 183,000 shares of the company's stock after purchasing an additional 119,700 shares during the period. Versor Investments LP owned 0.16% of RealReal worth $986,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in REAL. Quarry LP lifted its holdings in shares of 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 purchasing an additional 1,569 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of RealReal in the 1st quarter valued at about $61,000. Summit Securities Group LLC purchased a new stake in shares of RealReal in the 1st quarter valued at about $69,000. Fox Run Management L.L.C. purchased a new stake in shares of RealReal in the 1st quarter valued at about $72,000. Finally, GAMMA Investing LLC lifted its holdings 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 valued at $74,000 after purchasing an additional 13,585 shares during the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on REAL shares. UBS Group set a $8.00 target price on RealReal and gave the company a "neutral" rating in a report on Friday, August 8th. B. Riley reissued a "buy" rating and issued a $9.00 target price (up from $8.00) on shares of RealReal in a report on Friday, August 8th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $11.13.

Insider Buying and Selling

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 transaction 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 this hyperlink. 9.00% of the stock is currently owned by corporate insiders.

RealReal Stock Up 4.0%

REAL opened at $8.04 on Tuesday. The business has a 50 day moving average price of $5.67 and a two-hundred day moving average price of $5.96. The company has a market cap of $926.53 million, a PE ratio of -7.58 and a beta of 2.48. The RealReal, Inc. has a 52 week low of $2.24 and a 52 week high of $11.38.

RealReal (NASDAQ:REAL - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.02. The company had revenue of $165.19 million for the quarter, compared to analysts' expectations of $159.17 million. As a group, sell-side analysts expect that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

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.

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