Russell Investments Group Ltd. Raises Holdings in The RealReal, Inc. (NASDAQ:REAL)

Russell Investments Group Ltd. lifted its holdings in shares of The RealReal, Inc. (NASDAQ:REALGet Rating) by 29.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 444,145 shares of the company’s stock after buying an additional 101,260 shares during the period. Russell Investments Group Ltd. owned about 0.47% of RealReal worth $3,223,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. TimesSquare Capital Management LLC grew its holdings in shares of RealReal by 50.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 2,477,810 shares of the company’s stock worth $28,767,000 after acquiring an additional 831,610 shares during the period. Marshall Wace LLP grew its holdings in shares of RealReal by 332.7% in the 4th quarter. Marshall Wace LLP now owns 2,364,387 shares of the company’s stock worth $27,450,000 after acquiring an additional 1,817,899 shares during the period. Northern Trust Corp grew its holdings in shares of RealReal by 1.3% in the 4th quarter. Northern Trust Corp now owns 803,462 shares of the company’s stock worth $9,328,000 after acquiring an additional 9,955 shares during the period. Cubist Systematic Strategies LLC grew its holdings in shares of RealReal by 126.8% in the 4th quarter. Cubist Systematic Strategies LLC now owns 294,709 shares of the company’s stock worth $3,422,000 after acquiring an additional 164,786 shares during the period. Finally, Walleye Capital LLC grew its holdings in shares of RealReal by 342.7% in the 4th quarter. Walleye Capital LLC now owns 239,702 shares of the company’s stock worth $2,783,000 after acquiring an additional 185,553 shares during the period. Institutional investors and hedge funds own 89.19% of the company’s stock.

RealReal Trading Down 7.9 %

Shares of REAL opened at $2.91 on Friday. The company has a current ratio of 2.42, a quick ratio of 2.17 and a debt-to-equity ratio of 4.76. The firm has a market capitalization of $274.63 million, a P/E ratio of -1.24 and a beta of 2.30. The stock’s fifty day simple moving average is $2.73 and its 200 day simple moving average is $5.34. The RealReal, Inc. has a twelve month low of $2.12 and a twelve month high of $17.09.

RealReal (NASDAQ:REALGet Rating) last issued its earnings results on Tuesday, August 9th. The company reported ($0.40) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.03. The business had revenue of $154.44 million for the quarter, compared to analyst estimates of $153.99 million. RealReal had a negative return on equity of 11,650.13% and a negative net margin of 38.93%. The business’s quarterly revenue was up 47.2% on a year-over-year basis. During the same period last year, the company posted ($0.64) EPS. On average, equities research analysts forecast that The RealReal, Inc. will post -2.03 earnings per share for the current year.

Insider Buying and Selling

In other RealReal news, President Levesque Rati Sahi sold 14,082 shares of the firm’s stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $2.75, for a total value of $38,725.50. Following the transaction, the president now directly owns 696,144 shares of the company’s stock, valued at $1,914,396. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other RealReal news, President Levesque Rati Sahi sold 14,082 shares of the firm’s stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $2.75, for a total value of $38,725.50. Following the transaction, the president now directly owns 696,144 shares of the company’s stock, valued at $1,914,396. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Todd A. Suko sold 11,129 shares of the firm’s stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $3.06, for a total value of $34,054.74. Following the completion of the transaction, the insider now directly owns 396,408 shares in the company, valued at $1,213,008.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 68,995 shares of company stock valued at $202,532. 13.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Credit Suisse Group lowered their price target on RealReal from $8.00 to $4.00 and set a “neutral” rating on the stock in a report on Wednesday. Bank of America cut RealReal from a “buy” rating to an “underperform” rating and lowered their target price for the company from $7.00 to $2.75 in a report on Wednesday. Stifel Nicolaus lowered their target price on RealReal from $6.00 to $4.00 in a report on Tuesday, June 28th. Morgan Stanley lowered their target price on RealReal from $10.00 to $4.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Wedbush lowered their target price on RealReal from $10.00 to $5.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $7.10.

About RealReal

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The RealReal, Inc operates an online marketplace for consigned luxury goods in the United State. It offers various product categories, including women’s, men’s, kids’, jewelry and watches, and home and art products. The company was incorporated in 2011 and is headquartered in San Francisco, California.

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