Night Squared LP Acquires New Holdings in The RealReal, Inc. $REAL

Night Squared LP acquired a new stake in The RealReal, Inc. (NASDAQ:REAL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 403,325 shares of the company’s stock, valued at approximately $6,364,000. RealReal makes up 1.8% of Night Squared LP’s portfolio, making the stock its 28th largest holding. Night Squared LP owned 0.35% of RealReal at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in REAL. Quarry LP bought a new stake in RealReal during the third quarter valued at about $28,000. Larson Financial Group LLC bought a new stake in RealReal during the third quarter valued at about $31,000. Flagship Harbor Advisors LLC bought a new stake in RealReal during the fourth quarter valued at about $71,000. EHP Funds Inc. bought a new stake in RealReal during the third quarter valued at about $107,000. Finally, CIBC Bancorp USA Inc. bought a new stake in RealReal during the third quarter valued at about $108,000. 64.73% of the stock is owned by institutional investors.

RealReal Stock Performance

NASDAQ REAL opened at $11.31 on Wednesday. The firm has a 50-day simple moving average of $10.34 and a 200 day simple moving average of $12.21. The RealReal, Inc. has a twelve month low of $4.70 and a twelve month high of $17.39. The stock has a market cap of $1.36 billion, a PE ratio of -11.09 and a beta of 2.71.

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

Insiders Place Their Bets

In related news, CFO Gopal Ajay Madan sold 35,023 shares of the stock in a transaction dated 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 in the company, valued at approximately $10,593,821.50. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Steve Ming Lo sold 12,077 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.25, for a total transaction of $111,712.25. Following the completion of the sale, the chief accounting officer owned 189,469 shares of the company’s stock, valued at approximately $1,752,588.25. The trade was a 5.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 218,415 shares of company stock valued at $2,022,402 in the last quarter. 2.66% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wall Street Zen cut shares of RealReal from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Roth Mkm set a $17.00 price target on shares of RealReal in a report on Friday, May 8th. Robert W. Baird set a $13.00 price target on shares of RealReal in a report on Friday, May 8th. BTIG Research restated a “buy” rating and set a $17.00 price target on shares of RealReal in a report on Wednesday, June 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a report on Tuesday, April 21st. One investment 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, RealReal presently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

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.