Semanteon Capital Management LP Takes Position in The RealReal, Inc. (NASDAQ:REAL)

Semanteon Capital Management LP bought 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 firm bought 143,181 shares of the company’s stock, valued at approximately $1,565,000. RealReal accounts for approximately 0.8% of Semanteon Capital Management LP’s portfolio, making the stock its 2nd largest holding. Semanteon Capital Management LP owned about 0.13% of RealReal as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of RealReal during the 4th quarter worth approximately $49,000. Harvest Fund Management Co. Ltd purchased a new stake in RealReal during the fourth quarter worth $94,000. Charles Schwab Investment Management Inc. grew its position in RealReal by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 284,876 shares of the company’s stock valued at $3,114,000 after buying an additional 9,453 shares during the period. Rhumbline Advisers increased its holdings in RealReal by 7.4% in the fourth quarter. Rhumbline Advisers now owns 143,743 shares of the company’s stock valued at $1,571,000 after buying an additional 9,893 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of RealReal by 43.9% in the third quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock worth $113,000 after acquiring an additional 10,981 shares during the period. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

RealReal Price Performance

NASDAQ REAL opened at $6.30 on Friday. The stock’s 50 day simple moving average is $7.67 and its 200-day simple moving average is $6.00. The company has a market cap of $700.86 million, a PE ratio of -4.88 and a beta of 3.00. The RealReal, Inc. has a 1-year low of $2.24 and a 1-year high of $11.38.

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 analysts’ consensus estimates of ($0.10) by ($0.52). The business had revenue of $164.00 million during the quarter, compared to the consensus estimate of $162.69 million. On average, equities research analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Insider Activity at RealReal

In other RealReal news, CEO John E. Koryl sold 396,478 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $9.61, for a total transaction of $3,810,153.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Luke Thomas Friang sold 18,503 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $127,670.70. Following the completion of the sale, the insider now directly owns 556,557 shares of the company’s stock, valued at $3,840,243.30. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 654,761 shares of company stock valued at $5,592,306. Corporate insiders own 9.78% of the company’s stock.

Analyst Ratings Changes

REAL has been the subject of several recent analyst reports. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Northland Securities boosted their price objective on RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Finally, UBS Group decreased their target price on RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.