Jefferies Financial Group Inc. Makes New Investment in The RealReal, Inc. $REAL

Jefferies Financial Group Inc. acquired a new stake in The RealReal, Inc. (NASDAQ:REAL) in the third quarter, HoldingsChannel.com reports. The firm acquired 1,349,532 shares of the company’s stock, valued at approximately $11,930,000.

Other institutional investors have also recently added to or reduced their stakes in the company. ProShare Advisors LLC boosted its stake in RealReal by 1,248.3% in the 3rd quarter. ProShare Advisors LLC now owns 198,665 shares of the company’s stock worth $1,756,000 after buying an additional 183,931 shares during the last quarter. State of Wyoming increased its stake in shares of RealReal by 9.3% during the 3rd quarter. State of Wyoming now owns 78,634 shares of the company’s stock valued at $695,000 after acquiring an additional 6,674 shares during the last quarter. U S Global Investors Inc. increased its stake in shares of RealReal by 93.8% during the 3rd quarter. U S Global Investors Inc. now owns 62,000 shares of the company’s stock valued at $548,000 after acquiring an additional 30,000 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in shares of RealReal by 60.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 7,534 shares of the company’s stock valued at $67,000 after acquiring an additional 2,846 shares during the last quarter. Finally, Net Worth Advisory Group lifted its holdings in shares of RealReal by 11.7% during the 3rd quarter. Net Worth Advisory Group now owns 17,345 shares of the company’s stock worth $155,000 after acquiring an additional 1,810 shares during the period. 64.73% of the stock is currently owned by institutional investors and hedge funds.

RealReal Price Performance

RealReal stock opened at $14.55 on Thursday. The stock’s 50 day moving average price is $10.46 and its 200 day moving average price is $10.94. The RealReal, Inc. has a one year low of $8.05 and a one year high of $17.39.

RealReal (NASDAQ:REAL) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $206.12 million during the quarter, compared to analyst estimates of $196.89 million. During the same period last year, the business earned ($0.09) EPS. The firm’s revenue was up 18.7% compared to the same quarter last year. As a group, research analysts predict that The RealReal, Inc. will post -0.10 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on REAL. Roth Capital reiterated a “buy” rating and set a $19.00 price objective on shares of RealReal in a report on Friday, October 16th. UBS Group lowered their target price on shares of RealReal from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, October 22nd. BTIG Research reaffirmed a “buy” rating and set a $17.00 price target on shares of RealReal in a research report on Thursday, September 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research report on Thursday, October 15th. Finally, Wall Street Zen raised shares of RealReal from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.50.

Insiders Place Their Bets

In other RealReal news, CFO Gopal Madan sold 36,418 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.98, for a total value of $399,869.64. Following the transaction, the chief financial officer owned 1,108,860 shares in the company, valued at $12,175,282.80. The trade was a 3.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Luke Friang sold 22,028 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.98, for a total transaction of $241,867.44. Following the completion of the transaction, the insider owned 508,648 shares in the company, valued at $5,584,955.04. This represents a 4.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 173,004 shares of company stock valued at $1,899,283. Corporate insiders own 2.66% of the company’s stock.

RealReal Company Profile

The RealReal, Inc. operates an online marketplace for authenticated, pre-owned luxury goods. Its offerings include clothing, handbags, shoes, jewelry, watches, and home furnishings from established luxury and designer brands. The company provides consignment services, helping individuals sell eligible items through its platform. The RealReal also handles authentication and supports transactions through its website, mobile app, and physical retail locations. Founded in 2011, The RealReal is based in the United States and primarily serves the U.S. resale market.