AWM Investment Company Inc. Purchases 394,748 Shares of The RealReal, Inc. (NASDAQ:REAL)

AWM Investment Company Inc. lifted its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 40.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,373,847 shares of the company’s stock after buying an additional 394,748 shares during the quarter. RealReal comprises approximately 1.8% of AWM Investment Company Inc.’s investment portfolio, making the stock its 22nd largest position. AWM Investment Company Inc.’s holdings in RealReal were worth $15,016,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Quarry LP grew its position in RealReal by 120.1% in the fourth quarter. Quarry LP now owns 2,875 shares of the company’s stock worth $31,000 after acquiring an additional 1,569 shares in the last quarter. R Squared Ltd purchased a new position in RealReal in the fourth quarter valued at about $49,000. Harvest Fund Management Co. Ltd acquired a new position in shares of RealReal during the fourth quarter worth $94,000. Jag Capital Management LLC acquired a new stake in shares of RealReal during the fourth quarter worth $126,000. Finally, PharVision Advisers LLC acquired a new stake in shares of RealReal during the fourth quarter worth about $133,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

Insider Activity at RealReal

In other news, insider Luke Thomas Friang sold 18,503 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $127,670.70. Following the completion of the sale, the insider now owns 556,557 shares in the company, valued at approximately $3,840,243.30. The trade was a 3.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Steve Ming Lo sold 23,477 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $161,991.30. Following the completion of the sale, the chief accounting officer now owns 330,117 shares of the company’s stock, valued at approximately $2,277,807.30. This represents a 6.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 258,283 shares of company stock valued at $1,782,153 in the last ninety days. Corporate insiders own 9.78% of the company’s stock.

RealReal Trading Down 2.2%

RealReal stock opened at $5.31 on Wednesday. The company has a fifty day simple moving average of $5.72 and a 200-day simple moving average of $6.85. The stock has a market cap of $600.53 million, a P/E ratio of -4.12 and a beta of 2.61. The RealReal, Inc. has a 12-month low of $2.24 and a 12-month high of $11.38.

RealReal (NASDAQ:REAL) last announced its earnings results on Thursday, May 8th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The firm had revenue of $160.03 million for the quarter, compared to analyst estimates of $159.98 million. As a group, sell-side analysts forecast that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, UBS Group lifted their price objective on shares of RealReal from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.40.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.