Trexquant Investment LP Takes $3.26 Million Position in The RealReal, Inc. (NASDAQ:REAL)

Trexquant Investment LP purchased a new stake in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 298,479 shares of the company's stock, valued at approximately $3,262,000. Trexquant Investment LP owned 0.27% of RealReal as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new stake in shares of RealReal in the 4th quarter valued at approximately $1,234,000. Geode Capital Management LLC raised its position in RealReal by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company's stock valued at $25,447,000 after purchasing an additional 33,927 shares during the period. Alliancebernstein L.P. lifted its stake in RealReal by 88.9% during the fourth quarter. Alliancebernstein L.P. now owns 100,850 shares of the company's stock worth $1,102,000 after purchasing an additional 47,450 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in RealReal during the fourth quarter worth $156,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of RealReal during the fourth quarter worth $1,678,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on REAL. Northland Securities increased their target price on RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a research note 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 on the stock in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.33.

Insider Activity

In related news, CEO Levesque Rati Sahi sold 113,917 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 value of $786,027.30. Following the completion of the transaction, the chief executive officer now directly owns 2,307,199 shares of the company's stock, valued at $15,919,673.10. This represents a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Luke Thomas Friang sold 18,503 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $127,670.70. Following the completion of the transaction, the insider now owns 556,557 shares in the company, valued at $3,840,243.30. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, 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 Stock Down 2.9 %

NASDAQ REAL traded down $0.15 during trading hours on Friday, hitting $4.99. 2,063,219 shares of the company were exchanged, compared to its average volume of 2,674,409. The firm has a market cap of $555.12 million, a price-to-earnings ratio of -3.87 and a beta of 2.90. The company has a 50 day moving average of $6.35 and a two-hundred day moving average of $6.36. 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 released its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.52). The company had revenue of $164.00 million for the quarter, compared to analysts' expectations of $162.69 million. On average, equities research analysts predict that The RealReal, Inc. will post -0.4 EPS for the current year.

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.