NewEdge Advisors LLC Purchases 329,303 Shares of The RealReal, Inc. (NASDAQ:REAL)

NewEdge Advisors LLC lifted its position in The RealReal, Inc. (NASDAQ:REAL) by 309.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 435,554 shares of the company’s stock after buying an additional 329,303 shares during the period. NewEdge Advisors LLC owned approximately 0.40% of RealReal worth $1,389,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of REAL. Findell Capital Management LLC purchased a new position in RealReal in the fourth quarter worth $13,681,000. Renaissance Technologies LLC purchased a new position in RealReal during the 2nd quarter worth $1,563,000. AWM Investment Company Inc. purchased a new position in RealReal during the 1st quarter worth $1,862,000. GSA Capital Partners LLP acquired a new position in RealReal during the 1st quarter valued at about $1,430,000. Finally, Bank of New York Mellon Corp purchased a new stake in RealReal in the second quarter valued at about $915,000. Institutional investors own 64.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wedbush cut their price objective on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Northland Capmk upgraded shares of RealReal to a “strong-buy” rating in a research note on Monday, September 16th. Northland Securities initiated coverage on shares of RealReal in a report on Monday, September 16th. They issued an “outperform” rating and a $6.00 price target for the company. Finally, Robert W. Baird lowered their price objective on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $4.40.

RealReal Stock Performance

NASDAQ:REAL opened at $3.23 on Friday. The firm’s fifty day moving average is $2.84 and its two-hundred day moving average is $3.35. The firm has a market cap of $350.46 million, a price-to-earnings ratio of -2.83 and a beta of 2.79. The RealReal, Inc. has a one year low of $1.26 and a one year high of $4.64.

RealReal (NASDAQ:REAL) last issued its earnings results on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.02. The company had revenue of $144.93 million during the quarter, compared to analysts’ expectations of $139.85 million. As a group, equities research analysts predict that The RealReal, Inc. will post -0.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director James R. Miller sold 53,526 shares of RealReal stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $3.24, for a total transaction of $173,424.24. Following the completion of the transaction, the director now directly owns 157,891 shares of the company’s stock, valued at $511,566.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Luke Thomas Friang sold 16,239 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total transaction of $42,383.79. Following the sale, the insider now directly owns 517,598 shares of the company’s stock, valued at $1,350,930.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James R. Miller sold 53,526 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $3.24, for a total value of $173,424.24. Following the sale, the director now owns 157,891 shares in the company, valued at $511,566.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 169,863 shares of company stock worth $477,394. Corporate insiders own 9.78% of the company’s stock.

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.