The RealReal, Inc. (NASDAQ:REAL) Shares Bought by XTX Topco Ltd

Key Points

• XTX Topco Ltd increased its holdings in The RealReal, Inc. by 133.6%, acquiring an additional 89,219 shares, bringing its total to 155,988 shares worth approximately $841,000.
• Several institutional investors, including Capricorn Fund Managers Ltd and Royce & Associates LP, also boosted their stakes in The RealReal, indicating growing investor interest in the company.
• The RealReal's stock saw a significant price range in the past year, with a low of $2.24 and a high of $11.38, and analysts currently project a negative earnings per share for the fiscal year.

XTX Topco Ltd increased its position in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 133.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 155,988 shares of the company's stock after buying an additional 89,219 shares during the quarter. XTX Topco Ltd owned 0.14% of RealReal worth $841,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in REAL. Voloridge Investment Management LLC purchased a new stake in shares of RealReal during the 4th quarter valued at about $17,138,000. Norges Bank purchased a new stake in shares of RealReal during the 4th quarter valued at about $11,989,000. Driehaus Capital Management LLC purchased a new stake in shares of RealReal during the 4th quarter valued at about $10,370,000. Invesco Ltd. boosted its holdings in shares of RealReal by 413.4% during the 4th quarter. Invesco Ltd. now owns 1,053,911 shares of the company's stock valued at $11,519,000 after acquiring an additional 848,640 shares during the last quarter. Finally, Quinn Opportunity Partners LLC boosted its holdings in shares of RealReal by 233.3% during the 4th quarter. Quinn Opportunity Partners LLC now owns 1,066,057 shares of the company's stock valued at $11,652,000 after acquiring an additional 746,172 shares during the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal Price Performance

RealReal stock traded down $0.28 during mid-day trading on Thursday, reaching $5.48. 4,066,022 shares of the company traded hands, compared to its average volume of 3,206,190. The RealReal, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $11.38. The company has a market capitalization of $619.19 million, a price-to-earnings ratio of -4.91 and a beta of 2.48. The firm's fifty day moving average is $5.42 and its two-hundred day moving average is $6.13.

RealReal (NASDAQ:REAL - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The business had revenue of $160.03 million for the quarter, compared to analyst estimates of $159.98 million. As a group, equities research analysts predict that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on REAL shares. UBS Group raised their price target on shares of RealReal from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Friday, May 9th. B. Riley initiated coverage on shares of RealReal in a research note on Thursday, July 17th. They set a "buy" rating and a $8.00 price target on the stock. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $8.33.

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.