GSA Capital Partners LLP Purchases New Holdings in The RealReal, Inc. $REAL

GSA Capital Partners LLP acquired a new position in The RealReal, Inc. (NASDAQ:REAL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 90,328 shares of the company’s stock, valued at approximately $1,065,000. GSA Capital Partners LLP owned about 0.07% of RealReal at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. KBC Group NV purchased a new position in RealReal in the 1st quarter valued at $26,000. Quarry LP purchased a new position in shares of RealReal during the 3rd quarter worth $28,000. Larson Financial Group LLC purchased a new position in RealReal during the third quarter worth about $31,000. Gables Capital Management Inc. acquired a new position in RealReal in the first quarter valued at approximately $35,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of RealReal by 25.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock valued at $57,000 after purchasing an additional 1,253 shares during the last quarter. Institutional investors and hedge funds own 64.73% of the company’s stock.

Insiders Place Their Bets

In other RealReal news, CEO Levesque Rati Sahi sold 81,194 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $9.25, for a total value of $751,044.50. Following the sale, the chief executive officer owned 1,581,276 shares of the company’s stock, valued at $14,626,803. This trade represents a 4.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Luke Thomas Friang sold 21,183 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 value of $195,942.75. Following the completion of the transaction, the insider owned 530,676 shares of the company’s stock, valued at $4,908,753. The trade was a 3.84% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 166,830 shares of company stock valued at $1,543,178. 2.66% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Roth Capital reissued a “buy” rating and issued a $19.00 price target on shares of RealReal in a research note on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research report on Friday, July 17th. BTIG Research reiterated a “buy” rating and issued a $17.00 target price on shares of RealReal in a report on Wednesday, June 3rd. UBS Group boosted their target price on RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, Robert W. Baird set a $13.00 price target on RealReal in a research note on Friday, May 8th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, RealReal has an average rating of “Moderate Buy” and an average target price of $17.75.

RealReal Stock Performance

Shares of REAL opened at $11.08 on Tuesday. The company’s 50-day simple moving average is $11.52 and its 200-day simple moving average is $11.03. The RealReal, Inc. has a 1 year low of $7.21 and a 1 year high of $17.39. The stock has a market capitalization of $1.35 billion, a PE ratio of -9.89 and a beta of 2.69.

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

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.