OP Asset Management Ltd Takes Position in The RealReal, Inc. $REAL

OP Asset Management Ltd acquired a new stake in The RealReal, Inc. (NASDAQ:REAL) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 57,076 shares of the company’s stock, valued at approximately $518,000.

Several other hedge funds have also added to or reduced their stakes in the business. Comerica Bank lifted its holdings in RealReal by 0.3% during the third quarter. Comerica Bank now owns 351,156 shares of the company’s stock worth $3,733,000 after acquiring an additional 1,156 shares in the last quarter. Larson Financial Group LLC grew its stake in RealReal by 40.7% in the fourth quarter. Larson Financial Group LLC now owns 4,099 shares of the company’s stock valued at $65,000 after acquiring an additional 1,185 shares during the period. Evoke Wealth LLC increased its holdings in shares of RealReal by 2.9% in the fourth quarter. Evoke Wealth LLC now owns 43,853 shares of the company’s stock worth $692,000 after acquiring an additional 1,240 shares in the last quarter. DRW Securities LLC increased its holdings in shares of RealReal by 10.3% in the fourth quarter. DRW Securities LLC now owns 17,717 shares of the company’s stock worth $280,000 after acquiring an additional 1,650 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of RealReal by 4.0% during the fourth quarter. Royal Bank of Canada now owns 44,367 shares of the company’s stock worth $700,000 after purchasing an additional 1,694 shares during the period. Institutional investors and hedge funds own 64.73% of the company’s stock.

Insider Activity at RealReal

In other news, CAO Steve Ming Lo sold 12,077 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was 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 in the company, valued at $1,752,588.25. This trade represents a 5.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Todd A. Suko sold 17,353 shares of RealReal stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $160,515.25. Following the completion of the sale, the insider directly owned 605,394 shares in the company, valued at approximately $5,599,894.50. This represents a 2.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 166,830 shares of company stock worth $1,543,178. Corporate insiders own 2.66% of the company’s stock.

RealReal Stock Down 3.4%

Shares of REAL opened at $11.79 on Wednesday. The RealReal, Inc. has a twelve month low of $4.71 and a twelve month high of $17.39. The stock has a market capitalization of $1.42 billion, a P/E ratio of -11.56 and a beta of 2.71. The company has a 50 day moving average of $10.73 and a 200-day moving average of $12.07.

RealReal (NASDAQ:REAL) last announced its earnings results on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $189.72 million for the quarter, compared to analyst estimates of $187.82 million. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.08) EPS. On average, sell-side analysts anticipate that The RealReal, Inc. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

REAL has been the topic of several recent analyst reports. Robert W. Baird set a $13.00 price objective on RealReal in a report on Friday, May 8th. BTIG Research reissued a “buy” rating and set a $17.00 target price on shares of RealReal in a research note on Wednesday, June 3rd. Wall Street Zen downgraded shares of RealReal from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Roth Mkm set a $17.00 price target on shares of RealReal in a report on Friday, May 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.