Sei Investments Co. Cuts Position in The RealReal, Inc. $REAL

Sei Investments Co. decreased its holdings in shares of The RealReal, Inc. (NASDAQ:REAL) by 36.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,943 shares of the company’s stock after selling 58,782 shares during the period. Sei Investments Co. owned 0.09% of RealReal worth $935,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. AQR Capital Management LLC grew its stake in shares of RealReal by 589.2% in the 1st quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock worth $4,786,000 after buying an additional 759,160 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in RealReal by 6.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,437 shares of the company’s stock valued at $326,000 after buying an additional 3,500 shares during the last quarter. Millennium Management LLC raised its stake in RealReal by 1.9% during the first quarter. Millennium Management LLC now owns 883,690 shares of the company’s stock valued at $4,763,000 after buying an additional 16,136 shares during the last quarter. Legal & General Group Plc raised its stake in RealReal by 14.1% during the second quarter. Legal & General Group Plc now owns 81,292 shares of the company’s stock valued at $389,000 after buying an additional 10,052 shares during the last quarter. Finally, Amundi bought a new stake in RealReal in the second quarter worth $197,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Todd A. Suko sold 17,353 shares of the firm’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 $160,515.25. Following the sale, the insider owned 605,394 shares of the company’s stock, valued at $5,599,894.50. This trade represents a 2.79% decrease in their position. The sale 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 firm’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 $111,712.25. Following the sale, the chief accounting officer directly 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 SEC filing for this sale provides additional information. Insiders have sold 166,830 shares of company stock worth $1,543,178 in the last quarter. Insiders own 2.66% of the company’s stock.

RealReal Trading Down 5.3%

Shares of REAL opened at $11.17 on Thursday. The business’s fifty day simple moving average is $11.40 and its two-hundred day simple moving average is $11.13. The RealReal, Inc. has a 12 month low of $7.21 and a 12 month high of $17.39. The company has a market cap of $1.36 billion, a price-to-earnings ratio of -9.97 and a beta of 2.69.

RealReal (NASDAQ:REAL) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $192.57 million during the quarter, compared to analysts’ expectations of $188.11 million. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, research analysts forecast that The RealReal, Inc. will post -0.14 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on REAL. Roth Capital reissued a “buy” rating and issued a $19.00 target price on shares of RealReal in a research note on Friday, August 7th. BTIG Research reiterated a “buy” rating and issued a $17.00 price target on shares of RealReal in a research note on Wednesday, June 3rd. Robert W. Baird set a $13.00 price objective on shares of RealReal in a research report on Friday, May 8th. Wall Street Zen lowered shares of RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Finally, UBS Group lifted their target price on shares of RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, RealReal has a consensus rating of “Moderate Buy” and an average price target of $17.75.

RealReal 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.