G2 Investment Partners Management LLC Makes New $2.71 Million Investment in The RealReal, Inc. (NASDAQ:REAL)

G2 Investment Partners Management LLC bought a new position 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 (SEC). The fund bought 247,870 shares of the company's stock, valued at approximately $2,709,000. G2 Investment Partners Management LLC owned about 0.23% of RealReal at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quarry LP raised its position in shares of RealReal by 120.1% during the 4th quarter. Quarry LP now owns 2,875 shares of the company's stock worth $31,000 after purchasing an additional 1,569 shares during the last quarter. R Squared Ltd acquired a new position in shares of RealReal in the fourth quarter worth $49,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of RealReal in the fourth quarter valued at $94,000. Jag Capital Management LLC acquired a new stake in shares of RealReal during the fourth quarter valued at $126,000. Finally, Olympiad Research LP acquired a new position in RealReal in the 4th quarter valued at about $136,000. Hedge funds and other institutional investors own 64.73% of the company's stock.

RealReal Price Performance

REAL stock traded up $0.55 during trading on Monday, reaching $5.60. 8,052,521 shares of the stock traded hands, compared to its average volume of 2,794,229. The firm has a market capitalization of $633.33 million, a PE ratio of -4.34 and a beta of 2.61. The business's 50 day moving average price is $5.72 and its 200-day moving average price is $6.76. 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 issued its earnings results on Thursday, May 8th. The company reported ($0.14) earnings per share (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 analyst estimates of $159.98 million. On average, equities research analysts predict that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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 research note on Friday. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $8.40.

Insider Activity at RealReal

In other RealReal news, insider Luke Thomas Friang sold 18,503 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $127,670.70. Following the completion of the transaction, the insider now directly owns 556,557 shares of the company's stock, valued at $3,840,243.30. This represents a 3.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Steve Ming Lo sold 23,477 shares of RealReal stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $161,991.30. Following the sale, the chief accounting officer now directly owns 330,117 shares in the company, valued at approximately $2,277,807.30. The trade was a 6.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 258,283 shares of company stock worth $1,782,153. 9.78% of the stock is currently owned by corporate insiders.

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.