Polen Capital Management LLC Has $2.76 Million Holdings in The RealReal, Inc. $REAL

Polen Capital Management LLC boosted its holdings in shares of The RealReal, Inc. (NASDAQ:REAL) by 142.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 175,088 shares of the company’s stock after acquiring an additional 103,000 shares during the quarter. Polen Capital Management LLC’s holdings in RealReal were worth $2,763,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of RealReal in the third quarter valued at approximately $28,000. Larson Financial Group LLC bought a new stake in RealReal in the 3rd quarter valued at about $31,000. Flagship Harbor Advisors LLC acquired a new stake in RealReal during the fourth quarter worth approximately $71,000. EHP Funds Inc. acquired a new stake in shares of RealReal during the 3rd quarter worth $107,000. Finally, CIBC Bancorp USA Inc. bought a new position in shares of RealReal in the third quarter worth $108,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

Insider Transactions at RealReal

In other RealReal news, CAO Steve Ming Lo sold 12,077 shares of RealReal stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $9.25, for a total value of $111,712.25. Following the transaction, the chief accounting officer owned 189,469 shares in the company, valued at $1,752,588.25. The trade was a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Levesque Rati Sahi sold 81,194 shares of RealReal stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $751,044.50. Following the completion of the transaction, the chief executive officer owned 1,581,276 shares in the company, valued at approximately $14,626,803. This represents a 4.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 218,415 shares of company stock valued at $2,022,402. Company insiders own 2.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on REAL shares. Robert W. Baird set a $13.00 price target on RealReal in a research report on Friday, May 8th. BTIG Research restated a “buy” rating and issued a $17.00 price target on shares of RealReal in a research report on Wednesday, June 3rd. Roth Mkm set a $17.00 price target on RealReal in a research report on Friday, May 8th. UBS Group restated a “buy” rating on shares of RealReal in a research report on Wednesday, June 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

RealReal Stock Up 7.9%

RealReal stock opened at $9.84 on Friday. The RealReal, Inc. has a 12-month low of $4.70 and a 12-month high of $17.39. The business’s 50-day moving average price is $10.24 and its two-hundred day moving average price is $12.28. The stock has a market cap of $1.19 billion, a PE ratio of -9.65 and a beta of 2.71.

RealReal (NASDAQ:REAL) last released its earnings results on Thursday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $189.72 million during the quarter, compared to the consensus estimate of $187.82 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. The business’s revenue was up 18.5% on a year-over-year basis. As a group, analysts expect that The RealReal, Inc. will post -0.15 earnings per share for the current year.

About RealReal

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.