Counterpoint Mutual Funds LLC Makes New Investment in The RealReal, Inc. $REAL

Counterpoint Mutual Funds LLC acquired a new position in shares of The RealReal, Inc. (NASDAQ:REAL) during the 1st quarter, Holdings Channel reports. The fund acquired 492,806 shares of the company’s stock, valued at approximately $4,475,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in RealReal by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 6,336,596 shares of the company’s stock valued at $99,991,000 after purchasing an additional 406,789 shares during the last quarter. State Street Corp boosted its stake in RealReal by 4.2% in the 4th quarter. State Street Corp now owns 2,746,238 shares of the company’s stock worth $43,336,000 after buying an additional 111,677 shares during the last quarter. Two Sigma Investments LP grew its holdings in RealReal by 6.6% in the 3rd quarter. Two Sigma Investments LP now owns 2,628,770 shares of the company’s stock valued at $27,944,000 after buying an additional 162,804 shares during the period. Divisadero Street Capital Management LP grew its holdings in RealReal by 652.5% in the 3rd quarter. Divisadero Street Capital Management LP now owns 2,599,801 shares of the company’s stock valued at $27,636,000 after buying an additional 2,254,300 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of RealReal by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 2,447,182 shares of the company’s stock valued at $38,624,000 after acquiring an additional 53,567 shares during the last quarter. Hedge funds and other institutional investors own 64.73% of the company’s stock.

Insider Activity

In related news, insider Todd A. Suko sold 17,353 shares of the 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 $160,515.25. Following the completion of the sale, the insider owned 605,394 shares of the company’s stock, valued at approximately $5,599,894.50. This represents a 2.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $111,712.25. Following the completion of the transaction, the chief accounting officer owned 189,469 shares in the company, valued at $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. In the last 90 days, insiders have sold 166,830 shares of company stock worth $1,543,178. Insiders own 2.66% of the company’s stock.

RealReal Stock Performance

REAL stock opened at $11.58 on Friday. The company has a market cap of $1.40 billion, a PE ratio of -11.35 and a beta of 2.66. The stock has a 50-day moving average price of $10.72 and a two-hundred day moving average price of $12.03. The RealReal, Inc. has a 12-month low of $5.00 and a 12-month high of $17.39.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $189.72 million during the quarter, compared to analysts’ expectations of $187.82 million. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.08) earnings per share. Equities analysts forecast that The RealReal, Inc. will post -0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a report on Tuesday, April 21st. Wall Street Zen downgraded shares of RealReal from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. BTIG Research reaffirmed a “buy” rating and set a $17.00 price target on shares of RealReal in a research report on Wednesday, June 3rd. Robert W. Baird set a $13.00 price target on shares of RealReal in a research note on Friday, May 8th. Finally, Roth Mkm set a $17.00 price target on shares of RealReal in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

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.