Voloridge Investment Management LLC Purchases New Stake in The RealReal, Inc. (NASDAQ:REAL)

Voloridge Investment Management LLC acquired a new stake in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,567,981 shares of the company's stock, valued at approximately $17,138,000. Voloridge Investment Management LLC owned 1.43% of RealReal at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in REAL. Quarry LP raised its stake 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 acquiring an additional 1,569 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in RealReal by 6.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,937 shares of the company's stock valued at $622,000 after acquiring an additional 3,236 shares in the last quarter. R Squared Ltd bought a new stake in RealReal during the 4th quarter valued at $49,000. Price T Rowe Associates Inc. MD raised its stake in RealReal by 8.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 101,035 shares of the company's stock valued at $1,105,000 after acquiring an additional 7,645 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in RealReal during the 4th quarter valued at $94,000. Institutional investors and hedge funds own 64.73% of the company's stock.

Analyst Ratings Changes

Separately, UBS Group lifted their target price on RealReal from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $8.40.

RealReal Price Performance

Shares of REAL traded down $0.02 during midday trading on Wednesday, reaching $5.46. The stock had a trading volume of 626,699 shares, compared to its average volume of 2,825,293. The RealReal, Inc. has a 52 week low of $2.24 and a 52 week high of $11.38. The firm's 50 day moving average price is $5.65 and its 200-day moving average price is $6.91. The company has a market capitalization of $616.93 million, a P/E ratio of -4.23 and a beta of 2.61.

RealReal (NASDAQ:REAL - Get Free Report) last posted 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 firm had revenue of $160.03 million during the quarter, compared to the consensus estimate of $159.98 million. On average, equities analysts forecast that The RealReal, Inc. will post -0.4 earnings per share for the current year.

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.