Raymond James Financial Inc. Invests $5.14 Million in The RealReal, Inc. (NASDAQ:REAL)

Raymond James Financial Inc. bought a new stake in The RealReal, Inc. (NASDAQ:REAL) in the 4th quarter, HoldingsChannel.com reports. The firm bought 470,548 shares of the company’s stock, valued at approximately $5,143,000.

Other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in RealReal in the fourth quarter valued at $49,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of RealReal during the 4th quarter valued at about $94,000. Jag Capital Management LLC purchased a new position in shares of RealReal in the 4th quarter valued at about $126,000. Olympiad Research LP acquired a new position in RealReal in the 4th quarter worth about $136,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in RealReal in the fourth quarter valued at approximately $153,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal Price Performance

Shares of RealReal stock opened at $6.23 on Friday. The business has a 50 day simple moving average of $5.83 and a two-hundred day simple moving average of $6.50. The stock has a market capitalization of $704.58 million, a P/E ratio of -4.83 and a beta of 2.90. The RealReal, Inc. has a 12 month low of $2.24 and a 12 month high of $11.38.

RealReal (NASDAQ:REAL) last announced its quarterly earnings data 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 business had revenue of $164.00 million during the quarter, compared to the consensus estimate of $162.69 million. As a group, research analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, UBS Group reduced their target price on RealReal from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.33.

Insider Transactions at RealReal

In other news, CAO Steve Ming Lo sold 23,477 shares of RealReal stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $161,991.30. Following the transaction, the chief accounting officer now owns 330,117 shares in the company, valued at $2,277,807.30. The trade was a 6.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Luke Thomas Friang sold 18,503 shares of the company’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 $127,670.70. Following the completion of the sale, the insider now directly owns 556,557 shares of the company’s stock, valued at $3,840,243.30. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 258,283 shares of company stock valued at $1,782,153. Corporate 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.