The RealReal, Inc. $REAL Stake Lifted by MYDA Advisors LLC

MYDA Advisors LLC raised its holdings in shares of The RealReal, Inc. (NASDAQ:REAL) by 40.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 330,000 shares of the company’s stock after buying an additional 95,000 shares during the period. RealReal comprises approximately 1.0% of MYDA Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. MYDA Advisors LLC’s holdings in RealReal were worth $5,207,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in REAL. Divisadero Street Capital Management LP boosted its holdings in RealReal by 652.5% during the third quarter. Divisadero Street Capital Management LP now owns 2,599,801 shares of the company’s stock worth $27,636,000 after buying an additional 2,254,300 shares in the last quarter. American Century Companies Inc. boosted its holdings in RealReal by 3,474.7% during the third quarter. American Century Companies Inc. now owns 1,837,907 shares of the company’s stock worth $19,537,000 after buying an additional 1,786,493 shares in the last quarter. Jupiter Asset Management Ltd. boosted its holdings in RealReal by 501.0% during the third quarter. Jupiter Asset Management Ltd. now owns 1,961,057 shares of the company’s stock worth $20,846,000 after buying an additional 1,634,782 shares in the last quarter. Penn Capital Management Company LLC bought a new stake in RealReal during the third quarter worth approximately $12,585,000. Finally, BIT Capital GmbH bought a new stake in RealReal during the third quarter worth approximately $10,912,000. 64.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other RealReal news, CAO Steve Ming Lo sold 12,077 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $111,712.25. Following the completion of the sale, the chief accounting officer owned 189,469 shares in the company, valued at $1,752,588.25. This represents a 5.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Luke Thomas Friang sold 21,183 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total transaction of $195,942.75. Following the completion of the sale, the insider owned 530,676 shares of the company’s stock, valued at approximately $4,908,753. The trade was a 3.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 218,415 shares of company stock worth $2,022,402 in the last quarter. Corporate insiders own 2.66% of the company’s stock.

RealReal Stock Performance

Shares of NASDAQ:REAL opened at $10.28 on Monday. The company has a market cap of $1.24 billion, a PE ratio of -10.08 and a beta of 2.72. The RealReal, Inc. has a 52 week low of $4.70 and a 52 week high of $17.39. The firm has a 50 day simple moving average of $10.26 and a 200 day simple moving average of $12.26.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $189.72 million during the quarter, compared to analysts’ expectations of $187.82 million. The firm’s revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.08) EPS. On average, equities analysts predict that The RealReal, Inc. will post -0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on REAL. UBS Group restated a “buy” rating on shares of RealReal in a report on Wednesday, June 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a report on Tuesday, April 21st. Wall Street Zen cut shares of RealReal from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Roth Mkm set a $17.00 target price on shares of RealReal in a report on Friday, May 8th. Finally, Robert W. Baird set a $13.00 target price on shares of RealReal in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, RealReal currently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

RealReal Company Profile

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.