Harvest Fund Management Co. Ltd Invests $94,000 in The RealReal, Inc. (NASDAQ:REAL)

Harvest Fund Management Co. Ltd acquired a new stake in The RealReal, Inc. (NASDAQ:REAL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,806 shares of the company’s stock, valued at approximately $94,000.

Several other hedge funds have also recently added to or reduced their stakes in REAL. Anchorage Capital Advisors L.P. purchased a new stake in RealReal in the 3rd quarter valued at $10,675,000. Woodson Capital Management LP lifted its stake in RealReal by 2.9% during the 3rd 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 in the last quarter. Geode Capital Management LLC raised its position in RealReal by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company’s stock valued at $7,204,000 after purchasing an additional 44,716 shares in the last quarter. State Street Corp raised its position 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 in the last quarter. Finally, Crestwood Capital Management L.P. raised its position 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. 64.73% of the stock is owned by institutional investors and hedge funds.

RealReal Stock Down 1.1 %

NASDAQ REAL opened at $6.23 on Friday. The stock has a market cap of $693.07 million, a price-to-earnings ratio of -4.83 and a beta of 3.00. The RealReal, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $11.38. The business has a fifty day moving average of $7.62 and a 200-day moving average of $6.05.

RealReal (NASDAQ:REAL) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The firm had revenue of $164.00 million during the quarter, compared to analyst estimates of $162.69 million. As a group, analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current year.

Insider Buying and Selling at RealReal

In other RealReal news, CAO Steve Ming Lo sold 23,477 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $161,991.30. Following the completion of the sale, the chief accounting officer now 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Levesque Rati Sahi sold 113,917 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $786,027.30. Following the completion of the sale, the chief executive officer now directly owns 2,307,199 shares of the company’s stock, valued at $15,919,673.10. The trade was a 4.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 654,761 shares of company stock valued at $5,592,306. Company insiders own 9.78% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on REAL. Northland Securities raised their target price on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Finally, UBS Group reduced their price objective on RealReal from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $8.33.

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.