Sei Investments Co. Sells 58,782 Shares of The RealReal, Inc. $REAL

Sei Investments Co. reduced its position in The RealReal, Inc. (NASDAQ:REAL) by 36.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 102,943 shares of the company’s stock after selling 58,782 shares during the period. Sei Investments Co.’s holdings in RealReal were worth $935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Comerica Bank lifted its holdings in RealReal by 0.3% in the third quarter. Comerica Bank now owns 351,156 shares of the company’s stock valued at $3,733,000 after acquiring an additional 1,156 shares during the period. Larson Financial Group LLC grew its stake in shares of RealReal by 40.7% during the 4th quarter. Larson Financial Group LLC now owns 4,099 shares of the company’s stock valued at $65,000 after purchasing an additional 1,185 shares during the period. Evoke Wealth LLC grew its stake in shares of RealReal by 2.9% during the 4th quarter. Evoke Wealth LLC now owns 43,853 shares of the company’s stock valued at $692,000 after purchasing an additional 1,240 shares during the period. DRW Securities LLC increased its position in shares of RealReal by 10.3% during the 4th quarter. DRW Securities LLC now owns 17,717 shares of the company’s stock valued at $280,000 after purchasing an additional 1,650 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of RealReal by 4.0% during the 4th quarter. Royal Bank of Canada now owns 44,367 shares of the company’s stock valued at $700,000 after purchasing an additional 1,694 shares during the last quarter. Institutional investors own 64.73% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on REAL. Wall Street Zen cut shares of RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research report on Friday, July 17th. BTIG Research reaffirmed a “buy” rating and set a $17.00 target price on shares of RealReal in a report on Wednesday, June 3rd. Roth Capital reiterated a “buy” rating and issued a $19.00 price target on shares of RealReal in a research report on Friday, August 7th. Finally, UBS Group lifted their price target on shares of RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.75.

RealReal Stock Performance

REAL opened at $11.17 on Thursday. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of -9.97 and a beta of 2.69. The firm’s fifty day moving average is $11.40 and its 200 day moving average is $11.13. The RealReal, Inc. has a fifty-two week low of $7.21 and a fifty-two week high of $17.39.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $192.57 million during the quarter, compared to analysts’ expectations of $188.11 million. The company’s revenue was up 16.6% on a year-over-year basis. On average, equities research analysts predict that The RealReal, Inc. will post -0.14 earnings per share for the current year.

Insider Transactions at RealReal

In related news, insider Todd A. Suko sold 17,353 shares of RealReal stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total transaction of $160,515.25. Following the sale, the insider owned 605,394 shares of the company’s stock, valued at approximately $5,599,894.50. This trade represents a 2.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gopal Ajay Madan sold 35,023 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total value of $323,962.75. Following the completion of the transaction, the chief financial officer directly owned 1,145,278 shares in the company, valued at approximately $10,593,821.50. This represents a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 166,830 shares of company stock valued at $1,543,178. 2.66% of the stock is owned by corporate insiders.

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.