Two Sigma Investments LP increased its position in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 26.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,189,454 shares of the company's stock after acquiring an additional 456,425 shares during the quarter. Two Sigma Investments LP owned about 2.00% of RealReal worth $23,931,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP grew its holdings in RealReal by 120.1% during 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 in the last quarter. R Squared Ltd purchased a new stake in RealReal during the 4th quarter valued at approximately $49,000. Harvest Fund Management Co. Ltd purchased a new stake in RealReal during the 4th quarter valued at approximately $94,000. Jag Capital Management LLC purchased a new stake in RealReal during the 4th quarter valued at approximately $126,000. Finally, Olympiad Research LP purchased a new stake in RealReal during the 4th quarter valued at approximately $136,000. 64.73% of the stock is owned by hedge funds and other institutional investors.
RealReal Trading Down 0.6%
Shares of REAL stock traded down $0.03 on Friday, reaching $5.21. The company's stock had a trading volume of 2,203,725 shares, compared to its average volume of 2,828,123. The stock's fifty day simple moving average is $5.69 and its 200-day simple moving average is $6.87. The RealReal, Inc. has a 1 year low of $2.24 and a 1 year high of $11.38. The company 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 posted its earnings results on Thursday, May 8th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). The company had revenue of $160.03 million for the quarter, compared to analysts' expectations of $159.98 million. Equities research analysts forecast that The RealReal, Inc. will post -0.4 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, UBS Group increased 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $8.40.
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About RealReal
(
Free Report)
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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