The RealReal, Inc. (NASDAQ:REAL) Stock Position Decreased by SG Americas Securities LLC

SG Americas Securities LLC cut its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 32.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,457 shares of the company’s stock after selling 68,023 shares during the period. SG Americas Securities LLC owned 0.13% of RealReal worth $450,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Game Plan Financial Advisors LLC raised its stake in shares of RealReal by 233.3% during the 1st quarter. Game Plan Financial Advisors LLC now owns 10,000 shares of the company’s stock worth $39,000 after purchasing an additional 7,000 shares in the last quarter. Searle & CO. bought a new position in shares of RealReal in the 1st quarter valued at approximately $39,000. Crown Wealth Group LLC bought a new position in shares of RealReal in the 1st quarter valued at approximately $39,000. Drive Wealth Management LLC bought a new position in shares of RealReal in the 2nd quarter valued at approximately $32,000. Finally, Calamos Advisors LLC bought a new position in shares of RealReal in the 2nd quarter valued at approximately $34,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal Stock Up 2.8 %

REAL opened at $3.30 on Thursday. The RealReal, Inc. has a 12-month low of $1.26 and a 12-month high of $4.64. The firm has a market capitalization of $349.70 million, a P/E ratio of -2.89 and a beta of 2.79. The stock’s 50 day moving average price is $2.85 and its two-hundred day moving average price is $3.33.

RealReal (NASDAQ:REAL) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.02. The firm had revenue of $144.93 million for the quarter, compared to analyst estimates of $139.85 million. As a group, analysts anticipate that The RealReal, Inc. will post -0.74 earnings per share for the current year.

Analysts Set New Price Targets

REAL has been the topic of a number of recent analyst reports. Robert W. Baird cut their price objective on RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Northland Capmk raised RealReal to a “strong-buy” rating in a research note on Monday, September 16th. Northland Securities initiated coverage on RealReal in a research note on Monday, September 16th. They issued an “outperform” rating and a $6.00 price objective on the stock. Finally, Wedbush lowered their target price on RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4.40.

Insider Transactions at RealReal

In other news, insider Luke Thomas Friang sold 16,239 shares of RealReal stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $2.61, for a total transaction of $42,383.79. Following the sale, the insider now owns 517,598 shares of the company’s stock, valued at approximately $1,350,930.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Luke Thomas Friang sold 16,239 shares of RealReal stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $2.61, for a total transaction of $42,383.79. Following the sale, the insider now owns 517,598 shares of the company’s stock, valued at approximately $1,350,930.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Steve Ming Lo sold 20,610 shares of RealReal stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $2.61, for a total value of $53,792.10. Following the sale, the chief accounting officer now directly owns 508,528 shares in the company, valued at $1,327,258.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 169,863 shares of company stock valued at $477,394. 9.78% of the stock is owned by corporate insiders.

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.