Principal Financial Group Inc. Buys New Stake in The RealReal, Inc. (NASDAQ:REAL)

Principal Financial Group Inc. purchased a new position in shares of The RealReal, Inc. (NASDAQ:REAL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,136 shares of the company’s stock, valued at approximately $39,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in RealReal during the first quarter worth approximately $880,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of RealReal during the 1st quarter worth approximately $674,000. Findell Capital Management LLC purchased a new position in shares of RealReal in the 4th quarter valued at $13,681,000. GSA Capital Partners LLP purchased a new position in shares of RealReal in the 1st quarter valued at $1,430,000. Finally, Vanguard Group Inc. raised its stake in RealReal by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 4,101,935 shares of the company’s stock worth $16,039,000 after acquiring an additional 18,352 shares in the last quarter. 64.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at RealReal

In other news, Director Karen Katz sold 33,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $2.62, for a total transaction of $86,460.00. Following the transaction, the director now directly owns 201,301 shares in the company, valued at $527,408.62. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Karen Katz sold 33,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $2.62, for a total value of $86,460.00. Following the completion of the sale, the director now directly owns 201,301 shares of the company’s stock, valued at approximately $527,408.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James R. Miller sold 53,526 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $3.24, for a total value of $173,424.24. Following the transaction, the director now directly owns 157,891 shares in the company, valued at approximately $511,566.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 169,863 shares of company stock worth $477,394. Company insiders own 9.78% of the company’s stock.

RealReal Stock Up 3.7 %

REAL opened at $2.79 on Tuesday. The business has a 50 day moving average price of $2.93 and a two-hundred day moving average price of $3.38. The RealReal, Inc. has a 52 week low of $1.26 and a 52 week high of $4.64. The company has a market cap of $302.72 million, a PE ratio of -2.45 and a beta of 2.80.

RealReal (NASDAQ:REAL) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.02. The company had revenue of $144.93 million for the quarter, compared to analysts’ expectations of $139.85 million. As a group, sell-side analysts expect that The RealReal, Inc. will post -0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on REAL. Wedbush dropped their price objective on RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Robert W. Baird dropped their price target on RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, Northland Securities started coverage on RealReal in a research note on Monday. They issued an “outperform” rating and a $6.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.40.

RealReal Company 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.