The RealReal, Inc. $REAL is Penn Capital Management Company LLC’s 6th Largest Position

Penn Capital Management Company LLC lifted its position in The RealReal, Inc. (NASDAQ:REAL) by 13.0% in the 4th quarter, HoldingsChannel reports. The firm owned 1,336,674 shares of the company’s stock after purchasing an additional 153,806 shares during the quarter. RealReal makes up about 1.7% of Penn Capital Management Company LLC’s portfolio, making the stock its 6th largest position. Penn Capital Management Company LLC’s holdings in RealReal were worth $21,112,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Evoke Wealth LLC raised its stake in shares of RealReal by 2.9% in the fourth quarter. Evoke Wealth LLC now owns 43,853 shares of the company’s stock worth $692,000 after purchasing an additional 1,240 shares during the last quarter. Mach 1 Financial Group LLC purchased a new position in shares of RealReal in the fourth quarter worth about $178,000. Fortis Group Advisors LLC purchased a new position in shares of RealReal in the fourth quarter worth about $801,000. Larson Financial Group LLC raised its stake in shares of RealReal by 40.7% in the fourth quarter. Larson Financial Group LLC now owns 4,099 shares of the company’s stock worth $65,000 after purchasing an additional 1,185 shares during the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of RealReal by 13.0% in the fourth quarter. ProShare Advisors LLC now owns 18,405 shares of the company’s stock worth $290,000 after purchasing an additional 2,112 shares during the last quarter. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

RealReal Trading Up 3.3%

Shares of REAL stock opened at $9.50 on Wednesday. The stock has a 50 day moving average of $10.16 and a 200 day moving average of $12.60. The stock has a market cap of $1.14 billion, a P/E ratio of -9.31 and a beta of 2.84. The RealReal, Inc. has a twelve month low of $4.70 and a twelve month high of $17.39.

RealReal (NASDAQ:REAL) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $189.72 million for the quarter, compared to analysts’ expectations of $187.82 million. The firm’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.08) earnings per share. On average, research analysts predict that The RealReal, Inc. will post -0.19 earnings per share for the current fiscal year.

Insider Activity at RealReal

In other RealReal news, CAO Steve Ming Lo sold 12,077 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total value of $111,712.25. Following the sale, the chief accounting officer directly owned 189,469 shares of the company’s stock, valued at approximately $1,752,588.25. This trade represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Luke Thomas Friang sold 21,183 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $195,942.75. Following the completion of the sale, the insider directly owned 530,676 shares in the company, valued at approximately $4,908,753. The trade was a 3.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 218,415 shares of company stock valued at $2,022,402 in the last 90 days. 9.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

REAL has been the subject of several research analyst reports. UBS Group reduced their price objective on RealReal from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Roth Mkm set a $17.00 price objective on RealReal in a research note on Friday, May 8th. BTIG Research reduced their price objective on RealReal from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Robert W. Baird set a $13.00 price objective on RealReal in a research note on Friday, May 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, RealReal currently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

About RealReal

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.