Hsbc Holdings PLC Invests $619,000 in The RealReal, Inc. $REAL

Hsbc Holdings PLC bought a new position in shares of The RealReal, Inc. (NASDAQ:REAL) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 51,907 shares of the company’s stock, valued at approximately $619,000.

A number of other institutional investors and hedge funds have also bought and sold shares of REAL. Quarry LP bought a new position in RealReal in the 3rd quarter valued at about $28,000. KBC Group NV acquired a new stake in RealReal during the first quarter worth approximately $26,000. Larson Financial Group LLC bought a new stake in shares of RealReal during the third quarter worth approximately $31,000. Gables Capital Management Inc. bought a new stake in shares of RealReal during the first quarter worth approximately $35,000. Finally, Persistent Asset Partners Ltd acquired a new position in shares of RealReal in the second quarter valued at approximately $46,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Price Performance

Shares of NASDAQ REAL opened at $10.10 on Thursday. The business has a fifty day moving average price of $11.45 and a two-hundred day moving average price of $10.82. The stock has a market capitalization of $1.23 billion, a PE ratio of -9.02 and a beta of 2.71. The RealReal, Inc. has a fifty-two week low of $7.68 and a fifty-two week high of $17.39.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $192.57 million during the quarter, compared to the consensus estimate of $188.11 million. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities analysts expect that The RealReal, Inc. will post -0.13 EPS for the current year.

Insider Transactions at RealReal

In other RealReal news, CFO Gopal Ajay Madan sold 36,418 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.98, for a total value of $399,869.64. Following the transaction, the chief financial officer directly owned 1,108,860 shares of the company’s stock, valued at $12,175,282.80. This trade represents a 3.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Steve Ming Lo sold 12,559 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $10.97, for a total transaction of $137,772.23. Following the completion of the transaction, the chief accounting officer owned 176,910 shares of the company’s stock, valued at $1,940,702.70. The trade was a 6.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 173,004 shares of company stock worth $1,899,283. Corporate insiders own 2.66% of the company’s stock.

Analysts Set New Price Targets

REAL has been the topic of a number of recent research reports. Roth Capital reiterated a “buy” rating and set a $19.00 target price on shares of RealReal in a research note on Friday, August 7th. BTIG Research restated a “buy” rating and issued a $17.00 price target on shares of RealReal in a research note on Wednesday, June 3rd. UBS Group upped their price objective on RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a research report on Friday, July 17th. Finally, Robert W. Baird set a $13.00 target price on RealReal in a report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, RealReal presently has a consensus rating of “Moderate Buy” and an average target price of $17.75.

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.