The RealReal, Inc. $REAL Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its holdings in The RealReal, Inc. (NASDAQ:REAL) by 72.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,735 shares of the company’s stock after selling 202,280 shares during the period. Y Intercept Hong Kong Ltd owned about 0.07% of RealReal worth $805,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Think Investments LP bought a new stake in shares of RealReal in the 2nd quarter worth approximately $4,299,000. AQR Capital Management LLC increased its position in RealReal by 589.2% in the first quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock worth $4,786,000 after buying an additional 759,160 shares during the period. Jump Financial LLC lifted its stake in RealReal by 134.3% in the second quarter. Jump Financial LLC now owns 1,078,404 shares of the company’s stock valued at $5,166,000 after buying an additional 618,204 shares during the last quarter. Cannell Capital LLC lifted its stake in RealReal by 75.3% in the second quarter. Cannell Capital LLC now owns 1,429,207 shares of the company’s stock valued at $6,846,000 after buying an additional 613,845 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of RealReal by 189.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 920,365 shares of the company’s stock valued at $9,793,000 after acquiring an additional 602,670 shares during the period. 64.73% of the stock is owned by institutional investors.

RealReal Stock Up 0.3%

Shares of REAL stock opened at $14.71 on Tuesday. The stock has a 50-day simple moving average of $15.42 and a 200 day simple moving average of $11.64. The stock has a market capitalization of $1.72 billion, a P/E ratio of -10.66 and a beta of 2.65. The RealReal, Inc. has a fifty-two week low of $4.61 and a fifty-two week high of $17.39.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.35). The business had revenue of $173.57 million for the quarter, compared to the consensus estimate of $169.01 million. On average, sell-side analysts anticipate that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Insider Activity

In other news, CFO Gopal Ajay Madan sold 28,520 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $14.73, for a total transaction of $420,099.60. Following the completion of the sale, the chief financial officer directly owned 1,156,092 shares of the company’s stock, valued at $17,029,235.16. This trade represents a 2.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Luke Thomas Friang sold 18,619 shares of RealReal stock in a transaction on Friday, November 21st. The stock was sold at an average price of $13.06, for a total value of $243,164.14. Following the completion of the transaction, the insider owned 499,265 shares in the company, valued at $6,520,400.90. The trade was a 3.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,823,249 shares of company stock valued at $209,258,341 in the last ninety days. 9.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on REAL. BTIG Research lifted their price objective on shares of RealReal from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, December 30th. UBS Group lifted their price target on RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. KeyCorp increased their price objective on RealReal from $16.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research report on Thursday, January 22nd. Finally, Robert W. Baird set a $15.00 price target on RealReal in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.94.

RealReal Company Profile

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.