SPX Gestao de Recursos Ltda Makes New $1.09 Million Investment in The RealReal, Inc. (NASDAQ:REAL)

SPX Gestao de Recursos Ltda acquired a new position in shares of The RealReal, Inc. (NASDAQ:REAL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $1,093,000. SPX Gestao de Recursos Ltda owned about 0.09% of RealReal at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of REAL. R Squared Ltd bought a new stake in shares of RealReal during the fourth quarter valued at approximately $49,000. XTX Topco Ltd bought a new stake in shares of RealReal during the third quarter valued at approximately $63,000. Intech Investment Management LLC bought a new stake in shares of RealReal during the third quarter valued at approximately $88,000. MetLife Investment Management LLC grew its stake in shares of RealReal by 43.9% during the third quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock valued at $113,000 after purchasing an additional 10,981 shares during the last quarter. Finally, Jag Capital Management LLC bought a new stake in shares of RealReal during the fourth quarter valued at approximately $126,000. 64.73% of the stock is owned by institutional investors.

RealReal Price Performance

Shares of NASDAQ REAL opened at $5.11 on Tuesday. The company’s 50 day simple moving average is $8.29 and its 200 day simple moving average is $5.87. The RealReal, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $11.38. The firm has a market capitalization of $568.47 million, a P/E ratio of -3.96 and a beta of 3.00.

RealReal (NASDAQ:REAL) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The company had revenue of $164.00 million for the quarter, compared to analyst estimates of $162.69 million. Sell-side analysts expect that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other RealReal news, CEO Levesque Rati Sahi sold 113,917 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $786,027.30. Following the sale, the chief executive officer now directly owns 2,307,199 shares in the company, valued at approximately $15,919,673.10. This trade represents a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Steve Ming Lo sold 23,477 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $161,991.30. Following the completion of the sale, the chief accounting officer now owns 330,117 shares in the company, valued at approximately $2,277,807.30. This trade represents a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 654,761 shares of company stock worth $5,592,306. Company insiders own 9.78% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on REAL shares. UBS Group decreased their price target on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Northland Securities increased their price target on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, RealReal currently has an average rating of “Moderate Buy” and an average price target of $8.33.

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.