BIT Capital GmbH Purchases 106,656 Shares of The RealReal, Inc. $REAL

BIT Capital GmbH increased its stake in shares of The RealReal, Inc. (NASDAQ:REAL) by 10.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,133,140 shares of the company’s stock after acquiring an additional 106,656 shares during the period. RealReal accounts for 0.7% of BIT Capital GmbH’s holdings, making the stock its 28th largest position. BIT Capital GmbH’s holdings in RealReal were worth $17,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of REAL. Divisadero Street Capital Management LP lifted its position in shares of RealReal by 652.5% during the 3rd quarter. Divisadero Street Capital Management LP now owns 2,599,801 shares of the company’s stock worth $27,636,000 after buying an additional 2,254,300 shares during the period. American Century Companies Inc. lifted its position in shares of RealReal by 3,474.7% during the 3rd 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 period. Jupiter Asset Management Ltd. lifted its position in shares of RealReal by 501.0% during the 3rd 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 period. Penn Capital Management Company LLC bought a new position in shares of RealReal during the 3rd quarter worth approximately $12,585,000. Finally, AQR Capital Management LLC lifted its position in shares of RealReal by 589.2% during 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 period. Institutional investors own 64.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. UBS Group restated a “buy” rating on shares of RealReal in a research report on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research report on Tuesday, April 21st. Robert W. Baird set a $13.00 target price on RealReal in a research report on Friday, May 8th. Roth Mkm set a $17.00 target price on RealReal in a research report on Friday, May 8th. Finally, BTIG Research restated a “buy” rating and set a $17.00 target price on shares of RealReal in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Insider Buying and Selling

In other news, CAO Steve Ming Lo sold 12,077 shares of RealReal stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total value of $111,712.25. Following the completion of the sale, the chief accounting officer directly owned 189,469 shares of the company’s stock, valued at approximately $1,752,588.25. This trade represents a 5.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Todd A. Suko sold 17,353 shares of RealReal stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $160,515.25. Following the completion of the sale, the insider directly owned 605,394 shares of the company’s stock, valued at $5,599,894.50. This trade represents a 2.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 218,415 shares of company stock worth $2,022,402. 2.66% of the stock is currently owned by company insiders.

RealReal Stock Performance

NASDAQ REAL opened at $8.87 on Friday. The stock has a fifty day moving average of $10.18 and a 200-day moving average of $12.40. The stock has a market capitalization of $1.07 billion, a P/E ratio of -8.70 and a beta of 2.71. The RealReal, Inc. has a 52 week low of $4.70 and a 52 week high of $17.39.

RealReal (NASDAQ:REAL) last released its earnings results on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $189.72 million during the quarter, compared to analyst estimates of $187.82 million. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the business posted ($0.08) earnings per share. Equities research analysts forecast that The RealReal, Inc. will post -0.15 earnings per share for the current fiscal 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.