328,928 Shares in The RealReal, Inc. $REAL Acquired by Man Group plc

Man Group plc bought a new position in The RealReal, Inc. (NASDAQ:REAL) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 328,928 shares of the company’s stock, valued at approximately $3,878,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. AQR Capital Management LLC raised its stake in shares of RealReal by 589.2% during the first quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock worth $4,786,000 after acquiring an additional 759,160 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of RealReal by 6.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,437 shares of the company’s stock worth $326,000 after acquiring an additional 3,500 shares during the last quarter. Millennium Management LLC boosted its stake in shares of RealReal by 1.9% in the 1st quarter. Millennium Management LLC now owns 883,690 shares of the company’s stock valued at $4,763,000 after purchasing an additional 16,136 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of RealReal by 14.1% in the 2nd quarter. Legal & General Group Plc now owns 81,292 shares of the company’s stock valued at $389,000 after purchasing an additional 10,052 shares in the last quarter. Finally, Amundi bought a new position in shares of RealReal during the 2nd quarter valued at $197,000. 64.73% of the stock is currently owned by institutional investors.

RealReal Stock Performance

Shares of RealReal stock opened at $10.93 on Monday. The RealReal, Inc. has a 52-week low of $7.30 and a 52-week high of $17.39. The company’s 50 day moving average price is $11.59 and its 200-day moving average price is $10.85. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -9.76 and a beta of 2.69.

RealReal (NASDAQ:REAL) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $192.57 million for the quarter, compared to the consensus estimate of $188.11 million. The company’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, equities research analysts forecast that The RealReal, Inc. will post -0.13 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Luke Thomas Friang sold 22,028 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $10.98, for a total value of $241,867.44. Following the sale, the insider directly owned 508,648 shares of the company’s stock, valued at $5,584,955.04. This trade represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Steve Ming Lo sold 12,559 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.97, for a total value of $137,772.23. Following the transaction, the chief accounting officer owned 176,910 shares in the company, valued at approximately $1,940,702.70. This represents a 6.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 173,004 shares of company stock valued at $1,899,283. 2.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

REAL has been the topic of a number of analyst reports. 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 research report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research note on Friday, July 17th. Robert W. Baird set a $13.00 price objective on RealReal in a report on Friday, May 8th. 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. Finally, BTIG Research restated a “buy” rating and set a $17.00 target price on shares of RealReal in a report on Wednesday, June 3rd. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.75.

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.