Marathon Trading Investment Management LLC Has $94,000 Holdings in The RealReal, Inc. (NASDAQ:REAL)

Marathon Trading Investment Management LLC lessened its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 77.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,475 shares of the company’s stock after selling 101,525 shares during the quarter. Marathon Trading Investment Management LLC’s holdings in RealReal were worth $94,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of RealReal during the 1st quarter worth approximately $880,000. Jacobs Levy Equity Management Inc. bought a new position in shares of RealReal during the 1st quarter worth approximately $674,000. Findell Capital Management LLC bought a new position in shares of RealReal during the 4th quarter worth approximately $13,681,000. GSA Capital Partners LLP bought a new position in shares of RealReal during the 1st quarter worth approximately $1,430,000. Finally, Vanguard Group Inc. lifted its position in shares of 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 buying an additional 18,352 shares during the period. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Stock Performance

RealReal stock opened at $3.21 on Thursday. The firm has a market cap of $340.16 million, a P/E ratio of -2.82 and a beta of 2.81. The business’s fifty day moving average is $2.93 and its two-hundred day moving average is $3.38. The RealReal, Inc. has a 52 week low of $1.26 and a 52 week high of $4.64.

RealReal (NASDAQ:REAL) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.02. The business had revenue of $144.93 million during the quarter, compared to analyst estimates of $139.85 million. On average, equities research analysts predict that The RealReal, Inc. will post -0.74 earnings per share for the current year.

Insider Activity

In other news, 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 transaction of $173,424.24. Following the transaction, the director now owns 157,891 shares of the company’s stock, valued at $511,566.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Karen Katz sold 33,000 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $2.62, for a total transaction of $86,460.00. Following the transaction, the director now owns 201,301 shares of the company’s stock, valued at $527,408.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James R. Miller sold 53,526 shares of the company’s stock in a transaction on Friday, July 26th. The shares were 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. Insiders have sold 169,863 shares of company stock valued at $477,394 over the last 90 days. 9.78% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

REAL has been the subject of several analyst reports. Northland Securities initiated coverage on RealReal in a research report on Monday. They set an “outperform” rating and a $6.00 target price for the company. Robert W. Baird cut their target price on RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Northland Capmk upgraded RealReal to a “strong-buy” rating in a research report on Monday. Finally, Wedbush cut their target price on RealReal from $4.50 to $4.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4.40.

RealReal 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.