Cookson Peirce & Co. Inc. Acquires New Stake in The RealReal, Inc. $REAL

Cookson Peirce & Co. Inc. bought a new position in shares of The RealReal, Inc. (NASDAQ:REAL) in the fourth quarter, Holdings Channel reports. The fund bought 81,242 shares of the company’s stock, valued at approximately $1,282,000.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP bought a new stake in RealReal during the third quarter worth approximately $28,000. Larson Financial Group LLC bought a new stake in RealReal during the third quarter worth approximately $31,000. Flagship Harbor Advisors LLC bought a new stake in RealReal during the fourth quarter worth approximately $71,000. EHP Funds Inc. bought a new stake in RealReal during the third quarter worth approximately $107,000. Finally, CIBC Bancorp USA Inc. bought a new stake in RealReal during the third quarter worth approximately $108,000. 64.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at RealReal

In related news, 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 value of $111,712.25. Following the completion of the transaction, the chief accounting officer 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 document filed with the SEC, which is accessible through this hyperlink. Also, insider Luke Thomas Friang sold 21,183 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total transaction of $195,942.75. Following the completion of the transaction, the insider directly owned 530,676 shares of the company’s stock, valued at $4,908,753. This represents a 3.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 218,415 shares of company stock worth $2,022,402. 2.66% of the stock is currently owned by insiders.

RealReal Stock Performance

RealReal stock opened at $8.87 on Monday. The company has a 50 day moving average price of $10.18 and a 200 day moving average price of $12.39. The RealReal, Inc. has a 52 week low of $4.70 and a 52 week high of $17.39. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -8.70 and a beta of 2.72.

RealReal (NASDAQ:REAL) last posted 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 analyst estimates of $187.82 million. During the same period in the prior year, the business posted ($0.08) EPS. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. Equities analysts forecast that The RealReal, Inc. will post -0.15 earnings per share for the current fiscal year.

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.