Two Sigma Investments LP Purchases 456,425 Shares of The RealReal, Inc. (NASDAQ:REAL)

Two Sigma Investments LP grew its holdings in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 26.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,189,454 shares of the company's stock after purchasing an additional 456,425 shares during the period. Two Sigma Investments LP owned about 2.00% of RealReal worth $23,931,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 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 shares of RealReal by 15.1% in the fourth quarter. Fortis Group Advisors LLC now owns 89,380 shares of the company's stock valued at $977,000 after purchasing an additional 11,745 shares during the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

RealReal Stock Up 6.6%

Shares of RealReal stock traded up $0.35 during trading on Tuesday, reaching $5.56. The company's stock had a trading volume of 570,804 shares, compared to its average volume of 2,822,475. The business's 50-day moving average price is $5.67 and its 200-day moving average price is $6.92. The firm has a market cap of $628.24 million, a PE ratio of -4.27 and a beta of 2.61. 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, May 8th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The company had revenue of $160.03 million for the quarter, compared to analyst estimates of $159.98 million. Equities analysts predict that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Wall Street Analyst Weigh In

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