Covestor Ltd Takes $63,000 Position in The RealReal, Inc. (NASDAQ:REAL)

Covestor Ltd bought a new stake in shares of The RealReal, Inc. (NASDAQ:REAL) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,221 shares of the company’s stock, valued at approximately $63,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Anthracite Investment Company Inc. purchased a new stake in shares of RealReal in the 4th quarter worth approximately $925,000. SG Americas Securities LLC bought a new position in shares of RealReal in the first quarter worth approximately $880,000. Findell Capital Management LLC bought a new stake in shares of RealReal during the fourth quarter valued at approximately $13,681,000. GSA Capital Partners LLP purchased a new position in RealReal in the 1st quarter worth approximately $1,430,000. Finally, Raymond James & Associates bought a new position in RealReal in the 4th quarter valued at approximately $64,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal Stock Performance

Shares of RealReal stock opened at $3.24 on Thursday. The stock’s 50-day simple moving average is $3.60 and its 200-day simple moving average is $3.12. The RealReal, Inc. has a 52 week low of $1.26 and a 52 week high of $4.64.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.04. The company had revenue of $143.80 million for the quarter, compared to the consensus estimate of $138.90 million. Research analysts predict that The RealReal, Inc. will post -0.8 EPS for the current fiscal year.

Insider Buying and Selling at RealReal

In related news, President Levesque Rati Sahi sold 45,867 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $4.25, for a total transaction of $194,934.75. Following the completion of the transaction, the president now directly owns 1,266,852 shares of the company’s stock, valued at $5,384,121. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, President Levesque Rati Sahi sold 45,867 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $4.25, for a total transaction of $194,934.75. Following the sale, the president now owns 1,266,852 shares of the company’s stock, valued at $5,384,121. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Todd A. Suko sold 35,906 shares of RealReal stock in a transaction on Monday, May 20th. The stock was sold at an average price of $4.25, for a total transaction of $152,600.50. Following the completion of the transaction, the insider now directly owns 852,654 shares of the company’s stock, valued at $3,623,779.50. The disclosure for this sale can be found here. Insiders sold 183,606 shares of company stock valued at $759,706 in the last 90 days. Insiders own 9.78% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on REAL. Wells Fargo & Company boosted their price target on RealReal from $2.00 to $4.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 8th. Wedbush raised their price target on shares of RealReal from $3.00 to $4.50 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Needham & Company LLC restated a “buy” rating and set a $6.00 price objective on shares of RealReal in a research report on Wednesday, May 8th. Finally, UBS Group boosted their target price on shares of RealReal from $2.30 to $3.70 and gave the company a “neutral” rating in a research note on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, RealReal has a consensus rating of “Hold” and an average target price of $3.99.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.