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

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

A number of other hedge funds have also bought and sold shares of REAL. Two Sigma Advisers LP grew its stake in RealReal by 8.7% in the 4th quarter. Two Sigma Advisers LP now owns 2,275,100 shares of the company's stock valued at $24,867,000 after purchasing an additional 181,300 shares during the period. Two Sigma Investments LP grew its position in RealReal by 26.3% during the fourth quarter. Two Sigma Investments LP now owns 2,189,454 shares of the company's stock valued at $23,931,000 after buying an additional 456,425 shares during the period. Saba Capital Management L.P. bought a new position in RealReal during the fourth quarter valued at about $2,733,000. Rafferty Asset Management LLC purchased a new stake in RealReal during the fourth quarter worth about $330,000. Finally, Point72 Asset Management L.P. bought a new stake in RealReal in the fourth quarter worth about $606,000. 64.73% of the stock is currently owned by institutional investors.

RealReal Price Performance

NASDAQ:REAL traded up $0.31 on Tuesday, reaching $5.52. 3,218,295 shares of the company's stock were exchanged, compared to its average volume of 2,830,420. The firm has a market cap of $623.71 million, a price-to-earnings ratio of -4.27 and a beta of 2.61. The stock has a fifty day simple moving average of $5.67 and a 200-day simple moving average of $6.92. 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 announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.14) EPS 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 the consensus estimate of $159.98 million. As a group, sell-side analysts predict that The RealReal, Inc. will post -0.4 EPS for the current year.

Wall Street Analyst Weigh In

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

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.