River Global Investors LLP Has $2.18 Million Holdings in The RealReal, Inc. (NASDAQ:REAL)

River Global Investors LLP cut its holdings in The RealReal, Inc. (NASDAQ:REAL) by 44.4% in the fourth quarter, HoldingsChannel reports. The firm owned 200,112 shares of the company’s stock after selling 159,511 shares during the period. River Global Investors LLP’s holdings in RealReal were worth $2,184,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of REAL. R Squared Ltd bought a new stake in shares of RealReal during the 4th quarter worth about $49,000. XTX Topco Ltd acquired a new stake in RealReal in the 3rd quarter worth approximately $63,000. Intech Investment Management LLC bought a new stake in RealReal during the third quarter worth approximately $88,000. MetLife Investment Management LLC grew its holdings in RealReal by 43.9% during the third quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock valued at $113,000 after purchasing an additional 10,981 shares during the last quarter. Finally, Jag Capital Management LLC bought a new position in shares of RealReal in the fourth quarter valued at approximately $126,000. 64.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $4.00 to $15.00 in a research note on Monday, December 9th. UBS Group lowered their price target on RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Finally, Northland Securities boosted their price objective on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, RealReal presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.33.

RealReal Price Performance

NASDAQ REAL opened at $5.40 on Friday. The company’s fifty day moving average is $8.41 and its two-hundred day moving average is $5.81. The firm has a market capitalization of $600.73 million, a price-to-earnings ratio of -4.19 and a beta of 3.00. The RealReal, Inc. has a 52-week low of $2.24 and a 52-week high of $11.38.

RealReal (NASDAQ:REAL) 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 during the quarter, compared to analyst estimates of $162.69 million. As a group, sell-side analysts expect that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Steve Ming Lo sold 23,477 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $161,991.30. Following the completion of the transaction, the chief accounting officer now directly owns 330,117 shares of the company’s stock, valued at approximately $2,277,807.30. This trade represents a 6.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John E. Koryl sold 396,478 shares of RealReal stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $9.61, for a total transaction of $3,810,153.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 654,761 shares of company stock worth $5,592,306. Company insiders own 9.78% of the company’s stock.

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.