Headlands Technologies LLC Acquires Shares of 112,866 The RealReal, Inc. (NASDAQ:REAL)

Headlands Technologies LLC acquired a new stake in The RealReal, Inc. (NASDAQ:REAL) during the fourth quarter, Holdings Channel.com reports. The firm acquired 112,866 shares of the company’s stock, valued at approximately $1,234,000.

Several other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new stake in RealReal in the fourth quarter valued at $49,000. XTX Topco Ltd purchased a new position in shares of RealReal in the 3rd quarter valued at about $63,000. Intech Investment Management LLC acquired a new stake in shares of RealReal during the 3rd quarter worth about $88,000. Harvest Fund Management Co. Ltd purchased a new stake in RealReal during the fourth quarter worth approximately $94,000. Finally, MetLife Investment Management LLC boosted its holdings in RealReal by 43.9% in the third quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock valued at $113,000 after purchasing an additional 10,981 shares in the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at RealReal

In other RealReal news, CAO Steve Ming Lo sold 23,477 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $161,991.30. Following the transaction, the chief accounting officer now directly owns 330,117 shares of the company’s stock, valued at approximately $2,277,807.30. The trade was a 6.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John E. Koryl sold 396,478 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $9.61, for a total transaction of $3,810,153.58. The disclosure for this sale can be found here. Insiders sold 654,761 shares of company stock worth $5,592,306 over the last 90 days. 9.78% of the stock is currently owned by insiders.

RealReal Stock Performance

NASDAQ REAL opened at $5.57 on Wednesday. The firm’s fifty day moving average is $7.17 and its two-hundred day moving average is $6.25. The RealReal, Inc. has a one year low of $2.24 and a one year high of $11.38. The firm has a market cap of $619.65 million, a PE ratio of -4.32 and a beta of 3.00.

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

Analyst Ratings Changes

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