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

GSA Capital Partners LLP decreased its position in The RealReal, Inc. (NASDAQ:REAL) by 60.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 179,592 shares of the company’s stock after selling 273,552 shares during the period. GSA Capital Partners LLP owned about 0.16% of RealReal worth $1,909,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of RealReal by 7.7% in the 3rd quarter. Vanguard Group Inc. now owns 5,929,807 shares of the company’s stock worth $63,034,000 after buying an additional 425,674 shares in the last quarter. Versor Investments LP grew its position in shares of RealReal by 98.4% in the third quarter. Versor Investments LP now owns 62,900 shares of the company’s stock valued at $669,000 after purchasing an additional 31,200 shares during the last quarter. State of Wyoming raised its position in shares of RealReal by 56.2% during the 3rd quarter. State of Wyoming now owns 20,029 shares of the company’s stock worth $213,000 after purchasing an additional 7,209 shares during the last quarter. AlphaQuest LLC raised its position in shares of RealReal by 57.8% during the 3rd quarter. AlphaQuest LLC now owns 17,224 shares of the company’s stock worth $183,000 after purchasing an additional 6,306 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in RealReal by 9.6% in the 3rd quarter. Arizona State Retirement System now owns 28,446 shares of the company’s stock valued at $302,000 after buying an additional 2,496 shares in the last quarter. Institutional investors and hedge funds own 64.73% of the company’s stock.

Insider Activity

In other news, CEO Levesque Rati Sahi sold 97,036 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $13.06, for a total value of $1,267,290.16. Following the completion of the sale, the chief executive officer owned 1,604,178 shares of the company’s stock, valued at $20,950,564.68. This represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Steve Ming Lo sold 59,789 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $14.46, for a total value of $864,548.94. Following the completion of the sale, the chief accounting officer owned 249,553 shares of the company’s stock, valued at approximately $3,608,536.38. This represents a 19.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 361,130 shares of company stock valued at $4,923,541 in the last 90 days. 9.00% of the stock is owned by corporate insiders.

RealReal Stock Performance

Shares of REAL stock opened at $11.45 on Tuesday. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of -8.30 and a beta of 2.65. The RealReal, Inc. has a one year low of $4.61 and a one year high of $17.39. The company has a 50 day moving average price of $15.06 and a 200 day moving average price of $12.10.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. William Blair assumed coverage on RealReal in a research report on Monday, December 15th. They set an “outperform” rating for the company. Robert W. Baird set a $15.00 price objective on RealReal in a research report on Wednesday, December 17th. KeyCorp upped their target price on shares of RealReal from $16.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. Wall Street Zen cut shares of RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, B. Riley Financial upped their price objective on shares of RealReal from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, RealReal presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.94.

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.