Aigen Investment Management LP Increases Stock Position in The RealReal, Inc. (NASDAQ:REAL)

Aigen Investment Management LP raised its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 513.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 93,550 shares of the company’s stock after purchasing an additional 78,301 shares during the quarter. Aigen Investment Management LP’s holdings in RealReal were worth $1,023,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in REAL. Chicago Partners Investment Group LLC boosted its position in RealReal by 53.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 55,464 shares of the company’s stock valued at $163,000 after buying an additional 19,215 shares during the period. Quantum Private Wealth LLC boosted its position in RealReal by 6.1% during the 3rd quarter. Quantum Private Wealth LLC now owns 173,248 shares of the company’s stock valued at $544,000 after buying an additional 10,000 shares during the period. River Global Investors LLP boosted its position in RealReal by 4.9% during the 3rd quarter. River Global Investors LLP now owns 359,623 shares of the company’s stock valued at $1,127,000 after buying an additional 16,896 shares during the period. Versor Investments LP purchased a new stake in RealReal during the 3rd quarter valued at $243,000. Finally, Anthracite Investment Company Inc. boosted its position in RealReal by 62.0% during the 3rd quarter. Anthracite Investment Company Inc. now owns 745,304 shares of the company’s stock valued at $2,340,000 after buying an additional 285,304 shares during the period. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal Trading Up 0.7 %

Shares of NASDAQ REAL opened at $5.72 on Thursday. The RealReal, Inc. has a 12 month low of $2.24 and a 12 month high of $11.38. The firm has a market capitalization of $636.33 million, a PE ratio of -4.43 and a beta of 3.00. The firm has a fifty day simple moving average of $8.63 and a two-hundred day simple moving average of $5.80.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share (EPS) 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 the consensus estimate of $162.69 million. On average, sell-side analysts predict that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on REAL shares. Northland Securities increased their price target 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. UBS Group decreased their price objective on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $4.00 to $15.00 in a report on Monday, December 9th. Two investment 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $8.33.

Insider Activity at RealReal

In other RealReal news, insider Luke Thomas Friang sold 18,503 shares of RealReal stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $127,670.70. Following the completion of the transaction, the insider now directly owns 556,557 shares of the company’s stock, valued at approximately $3,840,243.30. The trade was a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John E. Koryl sold 396,478 shares of RealReal stock in a transaction dated Monday, January 6th. The stock was 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. Insiders sold a total of 654,761 shares of company stock valued at $5,592,306 in the last three months. Company insiders own 9.78% of the company’s stock.

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.