30,147 Shares in The RealReal, Inc. (NASDAQ:REAL) Purchased by Rafferty Asset Management LLC

Rafferty Asset Management LLC acquired a new position in The RealReal, Inc. (NASDAQ:REAL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 30,147 shares of the company’s stock, valued at approximately $330,000.

Other hedge funds also recently added to or reduced their stakes in the company. Quarry LP lifted its stake in RealReal by 120.1% in the fourth quarter. Quarry LP now owns 2,875 shares of the company’s stock worth $31,000 after acquiring an additional 1,569 shares during the period. R Squared Ltd purchased a new stake in RealReal in the fourth quarter worth about $49,000. Harvest Fund Management Co. Ltd purchased a new stake in RealReal in the fourth quarter worth about $94,000. Jag Capital Management LLC purchased a new stake in RealReal in the fourth quarter worth about $126,000. Finally, Olympiad Research LP purchased a new stake in RealReal in the fourth quarter worth about $136,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal Stock Performance

REAL stock opened at $5.21 on Friday. The firm has a market cap of $589.22 million, a price-to-earnings ratio of -4.04 and a beta of 2.61. The firm has a 50-day simple moving average of $5.69 and a two-hundred day simple moving average of $6.87. The RealReal, Inc. has a one year low of $2.24 and a one year high of $11.38.

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

Analysts Set New Price Targets

Separately, UBS Group increased their price target 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 analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $8.40.

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.