298,580 Shares in The RealReal, Inc. (NASDAQ:REAL) Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new stake in The RealReal, Inc. (NASDAQ:REAL) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 298,580 shares of the company’s stock, valued at approximately $3,263,000.

Several other large investors have also recently made changes to their positions in the business. Quarry LP grew its holdings in RealReal by 120.1% during the fourth quarter. Quarry LP now owns 2,875 shares of the company’s stock valued at $31,000 after purchasing an additional 1,569 shares during the period. R Squared Ltd bought a new position in shares of RealReal during the 4th quarter worth $49,000. Harvest Fund Management Co. Ltd purchased a new stake in RealReal in the 4th quarter worth about $94,000. Jag Capital Management LLC bought a new stake in RealReal in the 4th quarter valued at about $126,000. Finally, Olympiad Research LP purchased a new stake in RealReal during the fourth quarter valued at about $136,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RealReal

In other news, CEO Levesque Rati Sahi sold 113,917 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $786,027.30. Following the completion of the transaction, the chief executive officer now owns 2,307,199 shares of the company’s stock, valued at approximately $15,919,673.10. The trade was a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Luke Thomas Friang sold 18,503 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $3,840,243.30. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 258,283 shares of company stock valued at $1,782,153. Company insiders own 9.78% of the company’s stock.

RealReal Stock Up 5.1 %

Shares of REAL opened at $6.17 on Friday. The RealReal, Inc. has a twelve month low of $2.24 and a twelve month high of $11.38. The stock has a market cap of $697.79 million, a PE ratio of -4.78 and a beta of 2.90. The business’s 50-day moving average price is $5.71 and its 200-day moving average price is $6.59.

RealReal (NASDAQ:REAL) last posted its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The business had revenue of $164.00 million for the quarter, compared to analyst estimates of $162.69 million. Analysts expect that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, UBS Group reduced their target price on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, RealReal currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.33.

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.