Numerai GP LLC Acquires New Stake in The RealReal, Inc. (NASDAQ:REAL)

Numerai GP LLC bought a new position in shares of The RealReal, Inc. (NASDAQ:REAL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,668 shares of the company’s stock, valued at approximately $281,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of RealReal by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 4,905,132 shares of the company’s stock valued at $53,613,000 after purchasing an additional 121,626 shares during the period. Geode Capital Management LLC boosted its stake in RealReal by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company’s stock valued at $25,447,000 after buying an additional 33,927 shares in the last quarter. Norges Bank acquired a new position in RealReal during the fourth quarter worth about $11,989,000. Quinn Opportunity Partners LLC raised its position in RealReal by 233.3% in the fourth quarter. Quinn Opportunity Partners LLC now owns 1,066,057 shares of the company’s stock worth $11,652,000 after acquiring an additional 746,172 shares in the last quarter. Finally, Invesco Ltd. raised its position in RealReal by 413.4% in the fourth quarter. Invesco Ltd. now owns 1,053,911 shares of the company’s stock worth $11,519,000 after acquiring an additional 848,640 shares in the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other RealReal news, CEO Levesque Rati Sahi sold 113,917 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 transaction of $786,027.30. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Luke Thomas Friang sold 18,503 shares of the stock in a transaction on 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 sale, the insider now owns 556,557 shares of the company’s stock, valued at $3,840,243.30. The trade was a 3.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 258,283 shares of company stock worth $1,782,153. Company insiders own 9.78% of the company’s stock.

Analysts Set New Price Targets

Separately, UBS Group raised their price objective on shares of RealReal from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, RealReal has an average rating of “Moderate Buy” and an average price target of $8.40.

RealReal Stock Performance

Shares of NASDAQ:REAL opened at $5.27 on Friday. The company has a market capitalization of $596.01 million, a PE ratio of -4.09 and a beta of 2.61. The stock has a fifty day moving average of $5.73 and a 200-day moving average of $6.78. The RealReal, Inc. has a one year low of $2.24 and a one year high of $11.38.

RealReal (NASDAQ:REAL) last announced its earnings results on Thursday, May 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The firm had revenue of $160.03 million during the quarter, compared to the consensus estimate of $159.98 million. As a group, research analysts forecast that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

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.