Evoke Wealth LLC Takes Position in The RealReal, Inc. (NASDAQ:REAL)

Evoke Wealth LLC bought a new stake in The RealReal, Inc. (NASDAQ:REAL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,369 shares of the company’s stock, valued at approximately $36,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Findell Capital Management LLC acquired a new position in shares of RealReal during the 4th quarter worth approximately $13,681,000. Renaissance Technologies LLC bought a new position in shares of RealReal in the second quarter valued at $1,563,000. AWM Investment Company Inc. acquired a new position in RealReal during the first quarter worth $1,862,000. GSA Capital Partners LLP bought a new stake in RealReal during the first quarter worth $1,430,000. Finally, Bank of New York Mellon Corp acquired a new stake in RealReal in the second quarter valued at $915,000. Institutional investors own 64.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on REAL. Wedbush lowered their price objective on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Northland Capmk raised RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Northland Securities started coverage on RealReal in a research report on Monday, September 16th. They issued an “outperform” rating and a $6.00 price objective for the company. Finally, Robert W. Baird decreased their target price on RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Five equities research 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. Based on data from MarketBeat.com, RealReal presently has a consensus rating of “Moderate Buy” and an average target price of $4.40.

RealReal Price Performance

Shares of NASDAQ REAL opened at $3.24 on Friday. The firm has a market cap of $351.54 million, a price-to-earnings ratio of -2.84 and a beta of 2.80. The stock’s fifty day moving average price is $2.92 and its two-hundred day moving average price is $3.37. The RealReal, Inc. has a one year low of $1.26 and a one year high of $4.64.

RealReal (NASDAQ:REAL) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, beating the consensus estimate 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 analysts anticipate that The RealReal, Inc. will post -0.74 earnings per share for the current fiscal year.

Insider Transactions at RealReal

In related news, CAO Steve Ming Lo sold 20,610 shares of the business’s 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 completion of the sale, the chief accounting officer now directly owns 508,528 shares in the company, valued at $1,327,258.08. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CAO Steve Ming Lo sold 20,610 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $2.61, for a total value of $53,792.10. Following the completion of the transaction, the chief accounting officer now owns 508,528 shares of the company’s stock, valued at $1,327,258.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James R. Miller sold 53,526 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $3.24, for a total transaction of $173,424.24. Following the sale, the director now directly owns 157,891 shares of the company’s stock, valued at approximately $511,566.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 169,863 shares of company stock valued at $477,394. 9.78% of the stock is currently owned by company 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.