403,325 Shares in The RealReal, Inc. $REAL Purchased by Night Squared LP

Night Squared LP purchased a new position in The RealReal, Inc. (NASDAQ:REAL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 403,325 shares of the company’s stock, valued at approximately $6,364,000. RealReal makes up 1.8% of Night Squared LP’s investment portfolio, making the stock its 28th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in REAL. Divisadero Street Capital Management LP raised its position in RealReal by 652.5% in the third quarter. Divisadero Street Capital Management LP now owns 2,599,801 shares of the company’s stock worth $27,636,000 after purchasing an additional 2,254,300 shares in the last quarter. American Century Companies Inc. raised its position in RealReal by 3,474.7% in the third quarter. American Century Companies Inc. now owns 1,837,907 shares of the company’s stock worth $19,537,000 after purchasing an additional 1,786,493 shares in the last quarter. Jupiter Asset Management Ltd. raised its position in RealReal by 501.0% in the third quarter. Jupiter Asset Management Ltd. now owns 1,961,057 shares of the company’s stock worth $20,846,000 after purchasing an additional 1,634,782 shares in the last quarter. Penn Capital Management Company LLC acquired a new position in RealReal in the third quarter worth about $12,585,000. Finally, BIT Capital GmbH acquired a new position in RealReal in the third quarter worth about $10,912,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

Insider Buying and Selling

In other RealReal news, CAO Steve Ming Lo sold 12,077 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $111,712.25. Following the completion of the transaction, the chief accounting officer directly owned 189,469 shares of the company’s stock, valued at approximately $1,752,588.25. The trade was a 5.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Levesque Rati Sahi sold 81,194 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $9.25, for a total transaction of $751,044.50. Following the completion of the transaction, the chief executive officer directly owned 1,581,276 shares of the company’s stock, valued at approximately $14,626,803. This represents a 4.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 218,415 shares of company stock valued at $2,022,402. Insiders own 2.66% of the company’s stock.

RealReal Trading Up 2.2%

NASDAQ REAL opened at $11.31 on Wednesday. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of -11.09 and a beta of 2.71. The company has a 50 day moving average of $10.34 and a 200-day moving average of $12.21. The RealReal, Inc. has a 1-year low of $4.70 and a 1-year high of $17.39.

RealReal (NASDAQ:REAL) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $189.72 million for the quarter, compared to analyst estimates of $187.82 million. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) EPS. On average, analysts forecast that The RealReal, Inc. will post -0.15 earnings per share for the current year.

Analysts Set New Price Targets

REAL has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a research report on Tuesday, April 21st. Roth Mkm set a $17.00 price target on shares of RealReal in a research report on Friday, May 8th. Wall Street Zen lowered shares of RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Robert W. Baird set a $13.00 price target on shares of RealReal in a research report on Friday, May 8th. Finally, BTIG Research reaffirmed a “buy” rating and set a $17.00 price objective on shares of RealReal in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.