Point72 Asset Management L.P. Makes New $606,000 Investment in The RealReal, Inc. (NASDAQ:REAL)

Point72 Asset Management L.P. purchased a new position in shares of The RealReal, Inc. (NASDAQ:REAL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 55,425 shares of the company’s stock, valued at approximately $606,000. Point72 Asset Management L.P. owned about 0.05% of RealReal as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Trexquant Investment LP acquired a new stake in shares of RealReal in the 4th quarter valued at approximately $3,262,000. Aigen Investment Management LP increased its position in RealReal by 513.5% during the 4th quarter. Aigen Investment Management LP now owns 93,550 shares of the company’s stock worth $1,023,000 after buying an additional 78,301 shares during the period. O Shaughnessy Asset Management LLC bought a new position in RealReal during the 4th quarter worth $156,000. G2 Investment Partners Management LLC bought a new position in shares of RealReal in the fourth quarter worth $2,709,000. Finally, Stephens Inc. AR bought a new position in shares of RealReal in the fourth quarter worth $978,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Stock Up 4.2%

NASDAQ:REAL opened at $5.24 on Friday. The stock’s 50-day simple moving average is $5.69 and its 200 day simple moving average is $6.86. The firm has a market capitalization of $592.61 million, a PE ratio of -4.06 and a beta of 2.61. The RealReal, Inc. has a twelve month low of $2.24 and a twelve month high of $11.38.

RealReal (NASDAQ:REAL) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.14) 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 analysts’ expectations of $159.98 million. On average, analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, UBS Group raised their price target on RealReal from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, RealReal presently has a consensus rating of “Moderate Buy” and an average price target of $8.40.

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.