Caxton Associates LLP Cuts Stock Position in The RealReal, Inc. $REAL

Caxton Associates LLP cut its stake in shares of The RealReal, Inc. (NASDAQ:REAL) by 89.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 11,923 shares of the company’s stock after selling 106,494 shares during the period. Caxton Associates LLP’s holdings in RealReal were worth $108,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in REAL. Comerica Bank grew its position in shares of RealReal by 0.3% in the third quarter. Comerica Bank now owns 351,156 shares of the company’s stock valued at $3,733,000 after purchasing an additional 1,156 shares during the period. Larson Financial Group LLC raised its position in shares of RealReal by 40.7% during the 4th quarter. Larson Financial Group LLC now owns 4,099 shares of the company’s stock worth $65,000 after purchasing an additional 1,185 shares during the last quarter. Evoke Wealth LLC lifted its stake in RealReal by 2.9% in the 4th quarter. Evoke Wealth LLC now owns 43,853 shares of the company’s stock valued at $692,000 after buying an additional 1,240 shares in the last quarter. DRW Securities LLC lifted its stake in RealReal by 10.3% in the 4th quarter. DRW Securities LLC now owns 17,717 shares of the company’s stock valued at $280,000 after buying an additional 1,650 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in RealReal by 4.0% in the 4th quarter. Royal Bank of Canada now owns 44,367 shares of the company’s stock valued at $700,000 after buying an additional 1,694 shares in the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. BTIG Research reiterated a “buy” rating and set a $17.00 price objective on shares of RealReal in a research note on Wednesday, June 3rd. Wall Street Zen downgraded RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Roth Capital set a $17.00 price target on RealReal in a research note on Friday, May 8th. Robert W. Baird set a $13.00 price target on RealReal in a research note on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

RealReal Trading Down 2.0%

NASDAQ:REAL opened at $11.69 on Thursday. The company’s 50-day moving average price is $10.86 and its 200-day moving average price is $11.43. The company has a market cap of $1.41 billion, a P/E ratio of -11.46 and a beta of 2.66. The RealReal, Inc. has a twelve month low of $5.00 and a twelve month high of $17.39.

RealReal (NASDAQ:REAL) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $189.72 million for the quarter, compared to analyst estimates of $187.82 million. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. The business’s revenue was up 18.5% compared to the same quarter last year. On average, analysts expect that The RealReal, Inc. will post -0.14 earnings per share for the current year.

Insiders Place Their Bets

In other RealReal news, CAO Steve Ming Lo sold 12,077 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 $111,712.25. Following the transaction, the chief accounting officer directly owned 189,469 shares of the company’s stock, valued at $1,752,588.25. This trade represents a 5.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction, the chief financial officer owned 1,145,278 shares in the company, valued at approximately $10,593,821.50. This represents a 2.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 166,830 shares of company stock worth $1,543,178. 2.66% of the stock is currently owned by insiders.

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.