The RealReal, Inc. $REAL Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its stake in shares of The RealReal, Inc. (NASDAQ:REAL) by 1,239.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 273,999 shares of the company’s stock after purchasing an additional 253,541 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in RealReal were worth $2,488,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Quarry LP bought a new position in RealReal in the 3rd quarter valued at about $28,000. Larson Financial Group LLC bought a new stake in shares of RealReal during the 3rd quarter worth about $31,000. Flagship Harbor Advisors LLC acquired a new stake in shares of RealReal in the 4th quarter worth approximately $71,000. Kemnay Advisory Services Inc. bought a new position in shares of RealReal in the fourth quarter valued at approximately $104,000. Finally, EHP Funds Inc. acquired a new position in shares of RealReal during the third quarter valued at approximately $107,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Stock Performance

Shares of NASDAQ:REAL opened at $10.93 on Wednesday. The company has a market capitalization of $1.32 billion, a PE ratio of -10.72 and a beta of 2.66. The stock has a fifty day moving average of $10.67 and a 200-day moving average of $11.97. The RealReal, Inc. has a one year low of $5.00 and a one year high of $17.39.

RealReal (NASDAQ:REAL) last announced its earnings results on Thursday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $189.72 million for the quarter, compared to analyst estimates of $187.82 million. During the same period last year, the firm earned ($0.08) earnings per share. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, research analysts forecast that The RealReal, Inc. will post -0.14 EPS for the current fiscal year.

Insider Activity

In other RealReal news, CAO Steve Ming Lo sold 12,077 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $9.25, for a total transaction of $111,712.25. Following the sale, the chief accounting officer owned 189,469 shares in the company, valued at approximately $1,752,588.25. The trade was a 5.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gopal Ajay Madan sold 35,023 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.25, for a total transaction of $323,962.75. Following the sale, the chief financial officer directly owned 1,145,278 shares of the company’s stock, valued at $10,593,821.50. This represents a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 166,830 shares of company stock worth $1,543,178. 2.66% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on REAL. Roth Capital set a $17.00 target price on RealReal in a research report on Friday, May 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a research report on Tuesday, April 21st. Wall Street Zen lowered RealReal from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. UBS Group reaffirmed a “buy” rating on shares of RealReal in a research note on Wednesday, June 3rd. Finally, BTIG Research reaffirmed a “buy” rating and set a $17.00 target price on shares of RealReal in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, RealReal currently has an average rating of “Moderate Buy” and an average price target of $17.25.

RealReal Company Profile

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.