Jupiter Asset Management Ltd. Has $20.85 Million Holdings in The RealReal, Inc. $REAL

Jupiter Asset Management Ltd. raised its holdings in The RealReal, Inc. (NASDAQ:REAL) by 501.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,961,057 shares of the company’s stock after acquiring an additional 1,634,782 shares during the period. Jupiter Asset Management Ltd.’s holdings in RealReal were worth $20,846,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. BIT Capital GmbH bought a new position in shares of RealReal in the third quarter worth about $10,912,000. Think Investments LP bought a new stake in shares of RealReal during the 2nd quarter valued at approximately $4,299,000. AQR Capital Management LLC increased its position in RealReal by 589.2% during the 1st quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock worth $4,786,000 after purchasing an additional 759,160 shares in the last quarter. Jump Financial LLC lifted its stake in RealReal by 134.3% in the 2nd quarter. Jump Financial LLC now owns 1,078,404 shares of the company’s stock valued at $5,166,000 after purchasing an additional 618,204 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in RealReal by 2,998.5% in the third quarter. New York State Common Retirement Fund now owns 638,288 shares of the company’s stock valued at $6,785,000 after buying an additional 617,688 shares in the last quarter. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Stock Down 0.4%

Shares of RealReal stock opened at $11.11 on Friday. The RealReal, Inc. has a twelve month low of $4.61 and a twelve month high of $17.39. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -8.05 and a beta of 2.65. The company’s fifty day moving average is $14.80 and its 200 day moving average is $12.17.

Insiders Place Their Bets

In other RealReal news, insider Todd A. Suko sold 72,933 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $14.10, for a total value of $1,028,355.30. Following the sale, the insider owned 606,510 shares in the company, valued at approximately $8,551,791. The trade was a 10.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Gopal Ajay Madan sold 28,520 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $14.73, for a total value of $420,099.60. Following the completion of the sale, the chief financial officer directly owned 1,156,092 shares of the company’s stock, valued at approximately $17,029,235.16. The trade was a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 161,242 shares of company stock valued at $2,313,004. 9.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

REAL has been the subject of several research analyst reports. KeyCorp upped their price target on shares of RealReal from $16.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Robert W. Baird set a $15.00 price objective on RealReal in a report on Wednesday, December 17th. Northland Securities set a $20.00 target price on RealReal in a report on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a research report on Thursday, January 22nd. Finally, BTIG Research lifted their price target on RealReal from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, December 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.94.

RealReal 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.