Y Intercept Hong Kong Ltd Grows Stock Holdings in The RealReal, Inc. $REAL

Y Intercept Hong Kong Ltd raised its holdings in The RealReal, Inc. (NASDAQ:REAL) by 1,239.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 273,999 shares of the company’s stock after acquiring an additional 253,541 shares during the period. Y Intercept Hong Kong Ltd owned 0.23% of RealReal worth $2,488,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Quarry LP acquired a new position in RealReal in the third quarter valued at $28,000. Larson Financial Group LLC acquired a new stake in RealReal during the 3rd quarter worth approximately $31,000. Flagship Harbor Advisors LLC acquired a new stake in shares of RealReal in the fourth quarter worth $71,000. Kemnay Advisory Services Inc. purchased a new position in RealReal in the fourth quarter valued at about $104,000. Finally, EHP Funds Inc. acquired a new position in RealReal during the 3rd quarter worth approximately $107,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

Insider Activity at RealReal

In other news, insider Todd A. Suko sold 17,353 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.25, for a total transaction of $160,515.25. Following the completion of the transaction, the insider owned 605,394 shares in the company, valued at approximately $5,599,894.50. This represents a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Levesque Rati Sahi sold 81,194 shares of RealReal stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.25, for a total transaction of $751,044.50. Following the completion of the sale, the chief executive officer owned 1,581,276 shares in the company, 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 quarter, insiders have sold 166,830 shares of company stock valued at $1,543,178. Company insiders own 2.66% of the company’s stock.

RealReal Trading Down 4.6%

NASDAQ:REAL opened at $10.93 on Wednesday. The firm has a market capitalization of $1.32 billion, a PE ratio of -10.72 and a beta of 2.66. The stock has a 50 day moving average of $10.67 and a 200-day moving average of $11.97. The RealReal, Inc. has a 52 week low of $5.00 and a 52 week 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 (EPS) for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $189.72 million during the quarter, compared to the consensus estimate of $187.82 million. During the same period last year, the business posted ($0.08) EPS. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, analysts predict that The RealReal, Inc. will post -0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Roth Capital set a $17.00 price target on shares of RealReal in a research note on Friday, May 8th. UBS Group restated a “buy” rating on shares of RealReal in a research note on Wednesday, June 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research report on Tuesday, April 21st. Wall Street Zen cut RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Finally, Robert W. Baird set a $13.00 price target on RealReal in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, RealReal currently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

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.