Maven Securities LTD Buys New Stake in The RealReal, Inc. $REAL

Maven Securities LTD bought a new stake in The RealReal, Inc. (NASDAQ:REAL) during the fourth quarter, HoldingsChannel.com reports. The fund bought 126,524 shares of the company’s stock, valued at approximately $1,997,000.

Several other large investors have also made changes to their positions in the company. Penn Capital Management Company LLC grew its holdings in shares of RealReal by 13.0% in the 4th quarter. Penn Capital Management Company LLC now owns 1,336,674 shares of the company’s stock worth $21,112,000 after purchasing an additional 153,806 shares during the last quarter. BIT Capital GmbH bought a new stake in RealReal during the third quarter worth about $10,912,000. American Century Companies Inc. grew its stake in RealReal by 3,474.7% during the third quarter. American Century Companies Inc. now owns 1,837,907 shares of the company’s stock worth $19,537,000 after buying an additional 1,786,493 shares during the last quarter. Tudor Investment Corp ET AL grew its stake in RealReal by 25.8% during the third quarter. Tudor Investment Corp ET AL now owns 689,998 shares of the company’s stock worth $7,335,000 after buying an additional 141,699 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its stake in RealReal by 501.0% during the third quarter. Jupiter Asset Management Ltd. now owns 1,961,057 shares of the company’s stock worth $20,846,000 after buying an additional 1,634,782 shares during the last quarter. Institutional investors own 64.73% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Gopal Ajay Madan sold 35,023 shares of the firm’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 $323,962.75. Following the completion of the sale, the chief financial officer owned 1,145,278 shares of the company’s stock, valued at $10,593,821.50. This trade represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Luke Thomas Friang sold 21,183 shares of the firm’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 transaction of $195,942.75. Following the completion of the sale, the insider directly owned 530,676 shares of the company’s stock, valued at approximately $4,908,753. This represents a 3.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 218,415 shares of company stock valued at $2,022,402 over the last quarter. Company insiders own 2.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on REAL shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research note on Tuesday, April 21st. Roth Mkm set a $17.00 price objective on shares of RealReal in a research note on Friday, May 8th. BTIG Research reaffirmed a “buy” rating and set a $17.00 price objective on shares of RealReal in a research note on Wednesday, June 3rd. UBS Group reaffirmed a “buy” rating on shares of RealReal in a research note on Wednesday, June 3rd. Finally, Robert W. Baird set a $13.00 price objective on shares of RealReal in a research note on Friday, May 8th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, RealReal has an average rating of “Moderate Buy” and a consensus price target of $17.25.

RealReal Price Performance

Shares of RealReal stock opened at $10.28 on Monday. The firm has a market cap of $1.24 billion, a P/E ratio of -10.08 and a beta of 2.72. The firm has a 50 day simple moving average of $10.26 and a 200 day simple moving average of $12.26. The RealReal, Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $17.39.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $189.72 million during the quarter, compared to analyst estimates of $187.82 million. The business’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 -0.15 EPS for the current year.

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.