Royce & Associates LP Increases Position in The RealReal, Inc. $REAL

Royce & Associates LP grew its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 12.5% during the third quarter, Holdings Channel reports. The firm owned 806,306 shares of the company’s stock after acquiring an additional 89,332 shares during the quarter. Royce & Associates LP’s holdings in RealReal were worth $8,571,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of REAL. AQR Capital Management LLC raised its holdings in shares of RealReal by 589.2% in the 1st quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock valued at $4,786,000 after buying an additional 759,160 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in RealReal by 6.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,437 shares of the company’s stock valued at $326,000 after acquiring an additional 3,500 shares in the last quarter. Millennium Management LLC grew its position in RealReal by 1.9% in the 1st quarter. Millennium Management LLC now owns 883,690 shares of the company’s stock valued at $4,763,000 after acquiring an additional 16,136 shares in the last quarter. Teacher Retirement System of Texas increased its stake in RealReal by 217.7% during the second quarter. Teacher Retirement System of Texas now owns 35,769 shares of the company’s stock worth $171,000 after purchasing an additional 24,512 shares during the period. Finally, Corton Capital Inc. acquired a new stake in shares of RealReal during the second quarter worth about $111,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on REAL. UBS Group lifted their price objective on shares of RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Wall Street Zen raised shares of RealReal from a “hold” rating to a “buy” rating in a research report on Saturday. Northland Securities set a $20.00 price objective on RealReal in a research report on Wednesday, January 14th. KeyCorp increased their price objective on RealReal from $16.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, RealReal presently has an average rating of “Moderate Buy” and a consensus price target of $18.06.

Insider Activity

In other RealReal news, insider Todd A. Suko sold 45,947 shares of RealReal stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $10.72, for a total transaction of $492,551.84. Following the completion of the sale, the insider directly owned 560,563 shares of the company’s stock, valued at $6,009,235.36. The trade was a 7.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Steve Ming Lo sold 16,962 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $10.72, for a total value of $181,832.64. Following the transaction, the chief accounting officer directly owned 170,236 shares of the company’s stock, valued at approximately $1,824,929.92. This represents a 9.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 235,298 shares of company stock valued at $2,522,395. Insiders own 9.00% of the company’s stock.

RealReal Stock Down 2.0%

NASDAQ REAL opened at $11.63 on Wednesday. The RealReal, Inc. has a 52 week low of $4.61 and a 52 week high of $17.39. The firm has a 50 day moving average of $14.34 and a two-hundred day moving average of $12.49. The stock has a market capitalization of $1.38 billion, a PE ratio of -10.67 and a beta of 2.67.

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.