GSA Capital Partners LLP Cuts Holdings in The RealReal, Inc. $REAL

GSA Capital Partners LLP trimmed its holdings in shares of The RealReal, Inc. (NASDAQ:REAL) by 40.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,343 shares of the company’s stock after selling 73,249 shares during the quarter. GSA Capital Partners LLP’s holdings in RealReal were worth $1,678,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of REAL. AQR Capital Management LLC increased its holdings in RealReal by 589.2% during the first quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock valued at $4,786,000 after buying an additional 759,160 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in RealReal by 6.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,437 shares of the company’s stock valued at $326,000 after buying an additional 3,500 shares during the period. Millennium Management LLC grew its holdings in RealReal by 1.9% in the first quarter. Millennium Management LLC now owns 883,690 shares of the company’s stock worth $4,763,000 after purchasing an additional 16,136 shares during the last quarter. Legal & General Group Plc grew its holdings in RealReal by 14.1% in the second quarter. Legal & General Group Plc now owns 81,292 shares of the company’s stock worth $389,000 after purchasing an additional 10,052 shares during the last quarter. Finally, Amundi purchased a new position in RealReal in the second quarter worth $197,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal Trading Down 5.2%

Shares of NASDAQ REAL opened at $8.97 on Wednesday. The RealReal, Inc. has a 12-month low of $4.70 and a 12-month high of $17.39. The stock has a market cap of $1.08 billion, a PE ratio of -8.79 and a beta of 2.84. The company has a 50-day moving average of $10.24 and a 200 day moving average of $12.69.

RealReal (NASDAQ:REAL) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $189.72 million for the quarter, compared to analysts’ expectations of $187.82 million. During the same period in the prior year, the company posted ($0.08) EPS. The firm’s revenue was up 18.5% on a year-over-year basis. On average, sell-side analysts forecast that The RealReal, Inc. will post -0.19 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Todd A. Suko sold 45,947 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total value of $492,551.84. Following the completion of the sale, the insider owned 560,563 shares of the company’s stock, valued at $6,009,235.36. This represents a 7.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Levesque Rati Sahi sold 121,399 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total transaction of $1,301,397.28. Following the completion of the sale, the chief executive officer directly owned 1,482,779 shares of the company’s stock, valued at approximately $15,895,390.88. This trade represents a 7.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 286,883 shares of company stock worth $3,001,619. 9.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. KeyCorp lifted their price target on shares of RealReal from $16.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. BTIG Research cut their price target on shares of RealReal from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Robert W. Baird set a $13.00 price objective on shares of RealReal in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research report on Tuesday, April 21st. Finally, Roth Mkm set a $17.00 target price on shares of RealReal in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.