BNP Paribas Financial Markets Grows Stake in The RealReal, Inc. (NASDAQ:REAL)

BNP Paribas Financial Markets boosted its position in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 45.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 399,668 shares of the company's stock after buying an additional 125,478 shares during the period. BNP Paribas Financial Markets owned approximately 0.36% of RealReal worth $4,368,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Trexquant Investment LP acquired a new position in shares of RealReal during the fourth quarter valued at about $3,262,000. JPMorgan Chase & Co. raised its holdings in shares of RealReal by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company's stock valued at $2,319,000 after purchasing an additional 97,700 shares during the period. Aigen Investment Management LP raised its holdings in shares of RealReal by 513.5% during the fourth quarter. Aigen Investment Management LP now owns 93,550 shares of the company's stock valued at $1,023,000 after purchasing an additional 78,301 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in shares of RealReal during the fourth quarter valued at about $156,000. Finally, Stephens Inc. AR acquired a new position in shares of RealReal during the fourth quarter valued at about $978,000. Institutional investors and hedge funds own 64.73% of the company's stock.

Insider Transactions at RealReal

In other RealReal news, CFO Gopal Ajay Madan sold 102,386 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 $706,463.40. Following the completion of the sale, the chief financial officer now directly 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 sale 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 company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $786,027.30. Following the completion of the sale, the chief executive officer now directly owns 2,307,199 shares of the company's stock, 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. Insiders sold a total of 258,283 shares of company stock valued at $1,782,153 over the last three months. Corporate insiders own 9.78% of the company's stock.

RealReal Price Performance

Shares of NASDAQ:REAL traded up $0.21 during midday trading on Friday, hitting $5.48. 2,674,556 shares of the company's stock were exchanged, compared to its average volume of 2,805,496. The stock has a 50 day moving average price of $5.73 and a 200-day moving average price of $6.80. The company has a market cap of $619.76 million, a PE ratio of -4.25 and a beta of 2.61. 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 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 firm had revenue of $160.03 million for the quarter, compared to the consensus estimate of $159.98 million. On average, analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Analysts Set New Price Targets

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 report on Friday, May 9th. Two investment 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.