Independent Financial Group LLC Acquires New Stake in The RealReal, Inc. $REAL

Independent Financial Group LLC bought a new position in shares of The RealReal, Inc. (NASDAQ:REAL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 55,000 shares of the company’s stock, valued at approximately $499,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of REAL. Quarry LP bought a new stake in shares of RealReal in the 3rd quarter valued at about $28,000. Larson Financial Group LLC acquired a new stake in shares of RealReal in the third quarter valued at about $31,000. Gables Capital Management Inc. bought a new position in shares of RealReal during the first quarter worth about $35,000. Flagship Harbor Advisors LLC bought a new position in shares of RealReal during the fourth quarter worth about $71,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of RealReal in the fourth quarter worth approximately $104,000. 64.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Levesque Rati Sahi sold 81,194 shares of RealReal stock in a transaction on 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 sale, the chief executive officer owned 1,581,276 shares in the company, valued at $14,626,803. The trade was a 4.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Steve Ming Lo sold 12,077 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total transaction 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 166,830 shares of company stock worth $1,543,178. Company insiders own 2.66% of the company’s stock.

RealReal Price Performance

Shares of RealReal stock opened at $11.37 on Friday. The RealReal, Inc. has a one year low of $5.00 and a one year high of $17.39. The stock’s 50-day moving average is $10.67 and its 200 day moving average is $11.56. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -11.15 and a beta of 2.66.

RealReal (NASDAQ:REAL) last released its earnings results on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $189.72 million for the quarter, compared to analyst estimates of $187.82 million. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.08) EPS. On average, sell-side analysts expect that The RealReal, Inc. will post -0.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on REAL shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a report on Friday, July 17th. UBS Group restated a “buy” rating on shares of RealReal in a report on Wednesday, June 3rd. Roth Capital set a $17.00 price target on shares of RealReal in a research report on Friday, May 8th. Wall Street Zen cut shares of RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Finally, BTIG Research reissued a “buy” rating and set a $17.00 target price on shares of RealReal in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.25.

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.