Y Intercept Hong Kong Ltd Takes Position in The RealReal, Inc. (NASDAQ:REAL)

Y Intercept Hong Kong Ltd purchased a new position in shares of The RealReal, Inc. (NASDAQ:REAL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,994 shares of the company’s stock, valued at approximately $153,000.

Other hedge funds have also recently modified their holdings of the company. Anchorage Capital Advisors L.P. purchased a new stake in RealReal during the 3rd quarter worth approximately $10,675,000. Woodson Capital Management LP boosted its stake in shares of RealReal by 2.9% in the third quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock worth $16,956,000 after acquiring an additional 150,000 shares during the last quarter. Geode Capital Management LLC increased its position in shares of RealReal by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company’s stock worth $7,204,000 after purchasing an additional 44,716 shares in the last quarter. State Street Corp raised its stake in RealReal by 22.3% in the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock valued at $5,342,000 after purchasing an additional 310,116 shares during the last quarter. Finally, Crestwood Capital Management L.P. lifted its holdings in RealReal by 20.6% in the 3rd quarter. Crestwood Capital Management L.P. now owns 1,193,501 shares of the company’s stock valued at $3,748,000 after purchasing an additional 204,226 shares in the last quarter. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Trading Up 0.7 %

Shares of REAL stock opened at $5.72 on Thursday. The RealReal, Inc. has a twelve month low of $2.24 and a twelve month high of $11.38. The company’s 50-day moving average price is $8.63 and its 200-day moving average price is $5.80. The stock has a market cap of $636.33 million, a price-to-earnings ratio of -4.43 and a beta of 3.00.

RealReal (NASDAQ:REAL) last issued its earnings results on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The business had revenue of $164.00 million for the quarter, compared to the consensus estimate of $162.69 million. As a group, equities research analysts predict that The RealReal, Inc. will post -0.4 EPS for the current year.

Insider Activity at RealReal

In related news, CEO John E. Koryl sold 396,478 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $9.61, for a total value of $3,810,153.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Luke Thomas Friang sold 18,503 shares of RealReal stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $127,670.70. Following the completion of the transaction, the insider now directly owns 556,557 shares of the company’s stock, valued at approximately $3,840,243.30. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 654,761 shares of company stock worth $5,592,306. Company insiders own 9.78% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on REAL. UBS Group dropped their target price on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. Finally, Northland Securities increased their price objective on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $8.33.

About RealReal

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.