Advent Capital Management DE Cuts Stake in The RealReal, Inc. $REAL

Advent Capital Management DE cut its position in The RealReal, Inc. (NASDAQ:REAL) by 98.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 25,000 shares of the company’s stock after selling 2,089,000 shares during the period. Advent Capital Management DE’s holdings in RealReal were worth $120,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Game Plan Financial Advisors LLC raised its position in RealReal by 52.8% in the 1st quarter. Game Plan Financial Advisors LLC now owns 5,500 shares of the company’s stock worth $30,000 after buying an additional 1,900 shares during the last quarter. Quarry LP grew its stake in shares of RealReal by 117.0% in the first quarter. Quarry LP now owns 6,238 shares of the company’s stock worth $34,000 after acquiring an additional 3,363 shares during the period. AlphaQuest LLC purchased a new position in shares of RealReal during the first quarter valued at approximately $59,000. Farther Finance Advisors LLC bought a new position in RealReal during the second quarter valued at approximately $60,000. Finally, Hsbc Holdings PLC bought a new position in RealReal during the first quarter valued at approximately $63,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

Analysts Set New Price Targets

REAL has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a research report on Wednesday, October 8th. KeyCorp raised shares of RealReal from a “sector weight” rating to an “overweight” rating and set a $16.00 price target for the company in a research report on Wednesday, November 5th. B. Riley reiterated a “buy” rating and issued a $14.00 price objective (up previously from $12.00) on shares of RealReal in a research note on Tuesday, November 11th. Wall Street Zen upgraded shares of RealReal from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, UBS Group increased their price target on shares of RealReal from $10.50 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. One research 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 given a Sell rating to the stock. According to MarketBeat, RealReal has an average rating of “Moderate Buy” and an average price target of $14.63.

Insider Buying and Selling

In other RealReal news, CEO Levesque Rati Sahi sold 97,036 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $13.06, for a total transaction of $1,267,290.16. Following the sale, the chief executive officer directly owned 1,604,178 shares in the company, valued at $20,950,564.68. This represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Steve Ming Lo sold 59,789 shares of RealReal stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $14.46, for a total transaction of $864,548.94. Following the transaction, the chief accounting officer directly owned 249,553 shares of the company’s stock, valued at $3,608,536.38. The trade was a 19.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 15,823,249 shares of company stock valued at $209,258,341 in the last ninety days. Company insiders own 9.00% of the company’s stock.

RealReal Price Performance

Shares of NASDAQ:REAL opened at $14.47 on Friday. The company has a market capitalization of $1.69 billion, a P/E ratio of -10.49 and a beta of 2.54. The RealReal, Inc. has a 1-year low of $4.61 and a 1-year high of $16.24. The firm’s 50 day simple moving average is $11.90 and its two-hundred day simple moving average is $8.29.

RealReal (NASDAQ:REAL) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.35). The firm had revenue of $173.57 million for the quarter, compared to analysts’ expectations of $169.01 million. RealReal has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.