Jupiter Asset Management Ltd. Sells 148,294 Shares of The RealReal, Inc. $REAL

Jupiter Asset Management Ltd. lessened its position in The RealReal, Inc. (NASDAQ:REAL) by 7.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,812,763 shares of the company’s stock after selling 148,294 shares during the period. Jupiter Asset Management Ltd.’s holdings in RealReal were worth $28,605,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in REAL. Quarry LP bought a new position in shares of RealReal in the third quarter worth approximately $28,000. Larson Financial Group LLC bought a new position in shares of RealReal in the third quarter worth approximately $31,000. Flagship Harbor Advisors LLC bought a new position in shares of RealReal in the fourth quarter worth approximately $71,000. EHP Funds Inc. bought a new position in shares of RealReal in the third quarter worth approximately $107,000. Finally, CIBC Bancorp USA Inc. bought a new position in shares of RealReal in the third quarter worth approximately $108,000. Institutional investors own 64.73% of the company’s stock.

Insider Activity at RealReal

In related news, CAO Steve Ming Lo sold 12,077 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total transaction of $111,712.25. Following the transaction, the chief accounting officer owned 189,469 shares in the company, valued at $1,752,588.25. This represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Todd A. Suko sold 17,353 shares of the company’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 transaction of $160,515.25. Following the sale, the insider directly owned 605,394 shares of the company’s stock, valued at approximately $5,599,894.50. This represents a 2.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 218,415 shares of company stock valued at $2,022,402 over the last quarter. 9.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Robert W. Baird set a $13.00 target price on shares of RealReal in a research note on Friday, May 8th. Roth Mkm set a $17.00 price objective on shares of RealReal in a research report on Friday, May 8th. UBS Group lowered their price objective on shares of RealReal from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Wall Street Zen downgraded shares of RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, RealReal presently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

RealReal Stock Down 1.7%

Shares of RealReal stock opened at $9.64 on Friday. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -9.45 and a beta of 2.84. The company’s 50 day moving average is $10.15 and its 200 day moving average is $12.56. The RealReal, Inc. has a twelve month low of $4.70 and a twelve month high of $17.39.

RealReal (NASDAQ:REAL) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $189.72 million for the quarter, compared to the consensus estimate of $187.82 million. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.08) EPS. Sell-side analysts expect that The RealReal, Inc. will post -0.15 EPS 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.