Hillsdale Investment Management Inc. Acquires Shares of 435,600 The RealReal, Inc. $REAL

Hillsdale Investment Management Inc. acquired a new stake in The RealReal, Inc. (NASDAQ:REAL) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 435,600 shares of the company’s stock, valued at approximately $3,955,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in REAL. Quarry LP acquired a new position in shares of RealReal during the 3rd quarter worth approximately $28,000. Larson Financial Group LLC acquired a new stake in RealReal during the 3rd quarter valued at $31,000. Gables Capital Management Inc. acquired a new stake in RealReal during the 1st quarter valued at $35,000. Flagship Harbor Advisors LLC bought a new position in RealReal during the fourth quarter worth $71,000. Finally, Kemnay Advisory Services Inc. bought a new position in RealReal during the fourth quarter worth $104,000. 64.73% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Todd A. Suko sold 17,353 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total transaction of $160,515.25. Following the completion of the sale, the insider directly owned 605,394 shares in the company, valued at approximately $5,599,894.50. This represents a 2.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Luke Thomas Friang sold 21,183 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total value of $195,942.75. Following the sale, the insider directly owned 530,676 shares in the company, valued at approximately $4,908,753. This trade represents a 3.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 166,830 shares of company stock worth $1,543,178. 2.66% of the stock is currently owned by insiders.

RealReal Stock Up 3.5%

NASDAQ REAL opened at $11.26 on Thursday. The firm has a 50-day moving average price of $10.51 and a two-hundred day moving average price of $11.75. The RealReal, Inc. has a 12-month low of $5.00 and a 12-month high of $17.39. The company has a market capitalization of $1.36 billion, a P/E ratio of -11.04 and a beta of 2.66.

RealReal (NASDAQ:REAL) last announced its earnings results on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $189.72 million for the quarter, compared to the consensus estimate of $187.82 million. During the same period in the prior year, the business posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. Equities analysts expect that The RealReal, Inc. will post -0.14 EPS for the current year.

Wall Street Analyst Weigh In

REAL has been the topic of several research analyst reports. Robert W. Baird set a $13.00 price objective on shares of RealReal in a research report on Friday, May 8th. UBS Group reaffirmed a “buy” rating on shares of RealReal in a report on Wednesday, June 3rd. BTIG Research reiterated a “buy” rating and issued a $17.00 price target on shares of RealReal in a research note on Wednesday, June 3rd. Roth Capital set a $17.00 price target on shares of RealReal in a report on Friday, May 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, RealReal currently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

About RealReal

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.