Quinn Opportunity Partners LLC Raises Stock Position in The RealReal, Inc. (NASDAQ:REAL)

Quinn Opportunity Partners LLC increased its stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 233.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,066,057 shares of the company's stock after acquiring an additional 746,172 shares during the quarter. Quinn Opportunity Partners LLC owned 0.97% of RealReal worth $11,652,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd bought a new position in RealReal in the 4th quarter valued at $49,000. Harvest Fund Management Co. Ltd bought a new stake in RealReal in the fourth quarter worth about $94,000. Jag Capital Management LLC bought a new position in shares of RealReal during the 4th quarter valued at approximately $126,000. Olympiad Research LP purchased a new stake in shares of RealReal during the 4th quarter worth approximately $136,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of RealReal in the 4th quarter worth approximately $153,000. Institutional investors and hedge funds own 64.73% of the company's stock.

RealReal Price Performance

RealReal stock traded down $0.05 during mid-day trading on Wednesday, reaching $5.04. 949,788 shares of the stock traded hands, compared to its average volume of 2,669,142. The stock has a market capitalization of $560.68 million, a PE ratio of -3.91 and a beta of 2.90. The business's 50-day moving average is $6.21 and its 200-day moving average is $6.38. The RealReal, Inc. has a 12-month low of $2.24 and a 12-month high of $11.38.

RealReal (NASDAQ:REAL - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The firm had revenue of $164.00 million during the quarter, compared to analysts' expectations of $162.69 million. Equities analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on REAL shares. Northland Securities boosted their price target on shares of RealReal from $6.50 to $12.50 and gave the company an "outperform" rating in a research report on Tuesday, December 17th. UBS Group reduced their price target on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $8.33.

Insider Buying and Selling

In other news, CAO Steve Ming Lo sold 23,477 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 $161,991.30. Following the transaction, the chief accounting officer now directly owns 330,117 shares in the company, valued at approximately $2,277,807.30. This represents a 6.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Levesque Rati Sahi sold 113,917 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $786,027.30. Following the transaction, the chief executive officer now owns 2,307,199 shares in the company, valued at $15,919,673.10. The trade was a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 258,283 shares of company stock worth $1,782,153. Corporate insiders own 9.78% of the company's stock.

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.