Olympiad Research LP Takes Position in The RealReal, Inc. (NASDAQ:REAL)

Olympiad Research LP purchased a new stake in shares of The RealReal, Inc. (NASDAQ:REAL) during the 4th quarter, Holdings Channel reports. The fund purchased 12,454 shares of the company’s stock, valued at approximately $136,000.

Several other large investors have also made changes to their positions in REAL. State Street Corp raised its holdings in RealReal by 22.3% during the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock worth $5,342,000 after purchasing an additional 310,116 shares during the last quarter. Barclays PLC grew its position in shares of RealReal by 306.7% during the 3rd quarter. Barclays PLC now owns 136,262 shares of the company’s stock worth $428,000 after buying an additional 102,759 shares during the period. Crestwood Capital Management L.P. increased its stake in shares of RealReal by 20.6% in the 3rd quarter. Crestwood Capital Management L.P. now owns 1,193,501 shares of the company’s stock valued at $3,748,000 after acquiring an additional 204,226 shares during the last quarter. Anthracite Investment Company Inc. raised its position in shares of RealReal by 62.0% in the 3rd quarter. Anthracite Investment Company Inc. now owns 745,304 shares of the company’s stock valued at $2,340,000 after acquiring an additional 285,304 shares during the period. Finally, Woodson Capital Management LP boosted its stake in RealReal by 2.9% during the 3rd quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock worth $16,956,000 after acquiring an additional 150,000 shares during the last quarter. Institutional investors and hedge funds own 64.73% of the company’s stock.

Insider Transactions at RealReal

In other RealReal news, CEO John E. Koryl sold 396,478 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $9.61, for a total transaction of $3,810,153.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Steve Ming Lo sold 96,666 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $6.10, for a total transaction of $589,662.60. Following the transaction, the chief accounting officer now directly owns 391,525 shares of the company’s stock, valued at $2,388,302.50. This represents a 19.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.78% of the stock is owned by insiders.

RealReal Stock Down 18.8 %

RealReal stock opened at $6.46 on Monday. The company has a 50 day moving average of $9.07 and a 200-day moving average of $5.60. The RealReal, Inc. has a twelve month low of $1.52 and a twelve month high of $11.38. The stock has a market capitalization of $708.60 million, a PE ratio of -5.01 and a beta of 2.83.

RealReal (NASDAQ:REAL) last announced 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. Equities analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Analyst Ratings Changes

REAL has been the topic of several analyst reports. Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $4.00 to $15.00 in a report on Monday, December 9th. Northland Securities upped their price objective 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. Finally, UBS Group lifted their target price on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $7.38.

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.