State of Wyoming Makes New Investment in The RealReal, Inc. $REAL

State of Wyoming bought a new stake in The RealReal, Inc. (NASDAQ:REAL) during the 2nd quarter, HoldingsChannel reports. The fund bought 71,960 shares of the company’s stock, valued at approximately $848,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. KBC Group NV bought a new stake in shares of RealReal during the 1st quarter worth approximately $26,000. Quarry LP bought a new position in RealReal in the third quarter valued at approximately $28,000. Larson Financial Group LLC bought a new position in RealReal in the third quarter valued at approximately $31,000. Gables Capital Management Inc. acquired a new position in RealReal during the first quarter valued at approximately $35,000. Finally, EverSource Wealth Advisors LLC raised its position in RealReal by 25.1% during the first 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 in the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wall Street Zen cut RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Roth Capital reiterated a “buy” rating and issued a $19.00 price target on shares of RealReal in a research note on Friday, August 7th. Robert W. Baird set a $13.00 price target on RealReal in a report on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research report on Friday, July 17th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $17.00 price objective on shares of RealReal in a research note on Wednesday, June 3rd. 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.75.

RealReal Trading Up 4.2%

Shares of RealReal stock opened at $11.40 on Friday. The firm’s 50 day moving average is $11.48 and its 200 day moving average is $11.10. The firm has a market capitalization of $1.39 billion, a PE ratio of -10.18 and a beta of 2.69. The RealReal, Inc. has a 1 year low of $7.21 and a 1 year high of $17.39.

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

Insider Activity

In other news, insider Todd A. Suko sold 17,353 shares of the company’s stock in a transaction on 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 directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gopal Ajay Madan sold 35,023 shares of the stock in a transaction on Thursday, May 21st. The shares were 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 owned 1,145,278 shares of the company’s stock, valued at $10,593,821.50. The trade was a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 166,830 shares of company stock valued at $1,543,178. 2.66% of the stock is currently owned by insiders.

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.