Quantum Private Wealth LLC Boosts Holdings in The RealReal, Inc. (NASDAQ:REAL)

Quantum Private Wealth LLC boosted its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 6.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 173,248 shares of the company’s stock after buying an additional 10,000 shares during the quarter. Quantum Private Wealth LLC’s holdings in RealReal were worth $544,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in REAL. SG Americas Securities LLC bought a new stake in shares of RealReal in the first quarter valued at about $880,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of RealReal in the first quarter valued at about $674,000. Renaissance Technologies LLC bought a new stake in shares of RealReal in the second quarter valued at about $1,563,000. Vanguard Group Inc. raised its holdings in shares of RealReal by 0.4% in the first quarter. Vanguard Group Inc. now owns 4,101,935 shares of the company’s stock valued at $16,039,000 after acquiring an additional 18,352 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of RealReal in the second quarter valued at about $915,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other RealReal news, President Levesque Rati Sahi sold 46,488 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $2.61, for a total value of $121,333.68. Following the sale, the president now owns 1,210,375 shares in the company, valued at approximately $3,159,078.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Luke Thomas Friang sold 16,239 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $2.61, for a total transaction of $42,383.79. Following the transaction, the insider now owns 517,598 shares in the company, valued at $1,350,930.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Levesque Rati Sahi sold 46,488 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total value of $121,333.68. Following the transaction, the president now owns 1,210,375 shares in the company, valued at $3,159,078.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,337 shares of company stock worth $303,970. Corporate insiders own 9.78% of the company’s stock.

RealReal Stock Down 1.9 %

Shares of NASDAQ REAL opened at $3.67 on Friday. The business’s 50 day moving average price is $2.99 and its 200 day moving average price is $3.30. The firm has a market cap of $398.20 million, a P/E ratio of -4.25 and a beta of 2.79. The RealReal, Inc. has a 52 week low of $1.52 and a 52 week high of $4.64.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.02. The company had revenue of $144.93 million during the quarter, compared to analysts’ expectations of $139.85 million. As a group, research analysts expect that The RealReal, Inc. will post -0.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. UBS Group lifted their price objective on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Tuesday. Northland Securities assumed coverage on shares of RealReal in a report on Monday, September 16th. They issued an “outperform” rating and a $6.00 target price for the company. Robert W. Baird reduced their target price on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Northland Capmk upgraded shares of RealReal to a “strong-buy” rating in a report on Monday, September 16th. Finally, Wedbush cut their price objective on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Four 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4.18.

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.