State of Wyoming Purchases New Stake in The RealReal, Inc. $REAL

State of Wyoming acquired a new stake in The RealReal, Inc. (NASDAQ:REAL) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 71,960 shares of the company’s stock, valued at approximately $848,000. State of Wyoming owned about 0.06% of RealReal at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of REAL. Vanguard Group Inc. boosted its holdings in shares of RealReal by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 6,336,596 shares of the company’s stock worth $99,991,000 after buying an additional 406,789 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in RealReal by 58.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,049,042 shares of the company’s stock valued at $36,765,000 after acquiring an additional 1,489,939 shares during the period. State Street Corp raised its holdings in RealReal by 4.2% in the 4th quarter. State Street Corp now owns 2,746,238 shares of the company’s stock valued at $43,336,000 after acquiring an additional 111,677 shares during the period. Two Sigma Investments LP lifted its position in RealReal by 6.6% during the third quarter. Two Sigma Investments LP now owns 2,628,770 shares of the company’s stock worth $27,944,000 after acquiring an additional 162,804 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in RealReal by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 2,447,182 shares of the company’s stock worth $38,624,000 after acquiring an additional 53,567 shares during the last quarter. 64.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on REAL shares. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a report on Friday, July 17th. BTIG Research reiterated a “buy” rating and set a $17.00 target price on shares of RealReal in a research note on Wednesday, June 3rd. Roth Capital reissued a “buy” rating and set a $19.00 price target on shares of RealReal in a report on Friday, August 7th. Robert W. Baird set a $13.00 price target on RealReal in a research note on Friday, May 8th. Finally, UBS Group upped their price objective on RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.75.

Insider Buying and Selling

In related news, CFO Gopal Ajay Madan sold 35,023 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total value of $323,962.75. Following the completion of the sale, the chief financial officer directly owned 1,145,278 shares in the company, valued at approximately $10,593,821.50. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Luke Thomas Friang sold 21,183 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $195,942.75. Following the completion of the sale, the insider owned 530,676 shares of the company’s stock, valued at approximately $4,908,753. This trade represents a 3.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 166,830 shares of company stock valued at $1,543,178 in the last quarter. Corporate insiders own 2.66% of the company’s stock.

RealReal Stock Performance

NASDAQ:REAL opened at $11.40 on Friday. The RealReal, Inc. has a 52 week low of $7.21 and a 52 week high of $17.39. The firm’s 50-day simple moving average is $11.48 and its 200 day simple moving average is $11.10. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -10.18 and a beta of 2.69.

RealReal (NASDAQ:REAL) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $192.57 million during the quarter, compared to the consensus estimate of $188.11 million. RealReal’s quarterly revenue was up 16.6% on a year-over-year basis. Sell-side analysts anticipate that The RealReal, Inc. will post -0.14 EPS for the current year.

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.