G2 Investment Partners Management LLC Purchases Shares of 247,870 The RealReal, Inc. (NASDAQ:REAL)

G2 Investment Partners Management LLC purchased a new stake in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 247,870 shares of the company's stock, valued at approximately $2,709,000. G2 Investment Partners Management LLC owned approximately 0.23% of RealReal at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in RealReal by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 4,905,132 shares of the company's stock valued at $53,613,000 after buying an additional 121,626 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of RealReal by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company's stock worth $25,447,000 after purchasing an additional 33,927 shares during the period. Norges Bank bought a new stake in shares of RealReal in the fourth quarter worth $11,989,000. Quinn Opportunity Partners LLC increased its holdings in RealReal by 233.3% in the fourth quarter. Quinn Opportunity Partners LLC now owns 1,066,057 shares of the company's stock valued at $11,652,000 after purchasing an additional 746,172 shares during the period. Finally, Invesco Ltd. raised its position in RealReal by 413.4% during the 4th quarter. Invesco Ltd. now owns 1,053,911 shares of the company's stock worth $11,519,000 after purchasing an additional 848,640 shares during the last quarter. 64.73% of the stock is currently owned by institutional investors.

RealReal Trading Up 6.4%

REAL stock traded up $0.35 during midday trading on Wednesday, hitting $5.85. The stock had a trading volume of 2,629,287 shares, compared to its average volume of 2,795,947. The firm has a market cap of $661.60 million, a P/E ratio of -4.53 and a beta of 2.61. The business has a fifty day moving average price of $5.72 and a two-hundred day moving average price of $6.77. The RealReal, Inc. has a 1-year low of $2.24 and a 1-year high of $11.38.

RealReal (NASDAQ:REAL - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The company had revenue of $160.03 million during the quarter, compared to the consensus estimate of $159.98 million. On average, equities analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current year.

Insider Transactions at RealReal

In related news, insider Luke Thomas Friang sold 18,503 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $127,670.70. Following the transaction, the insider now directly owns 556,557 shares of the company's stock, valued at approximately $3,840,243.30. This represents a 3.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gopal Ajay Madan sold 102,386 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $706,463.40. Following the sale, the chief financial officer now owns 1,327,198 shares of the company's stock, valued at approximately $9,157,666.20. This represents a 7.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 258,283 shares of company stock valued at $1,782,153 in the last quarter. 9.78% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, UBS Group upped their price target on RealReal from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Two equities research 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 stock. According to MarketBeat.com, RealReal currently has a consensus rating of "Moderate Buy" and an average target price of $8.40.

About RealReal

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.