BIT Capital GmbH Invests $10.91 Million in The RealReal, Inc. $REAL

BIT Capital GmbH purchased a new stake in The RealReal, Inc. (NASDAQ:REAL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,026,484 shares of the company’s stock, valued at approximately $10,912,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Think Investments LP purchased a new stake in RealReal in the 2nd quarter valued at $4,299,000. AQR Capital Management LLC grew its holdings in shares of RealReal by 589.2% in the first quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock valued at $4,786,000 after purchasing an additional 759,160 shares during the period. Jump Financial LLC grew its holdings in shares of RealReal by 134.3% in the second quarter. Jump Financial LLC now owns 1,078,404 shares of the company’s stock valued at $5,166,000 after purchasing an additional 618,204 shares during the period. New York State Common Retirement Fund increased its position in RealReal by 2,998.5% during the third quarter. New York State Common Retirement Fund now owns 638,288 shares of the company’s stock worth $6,785,000 after purchasing an additional 617,688 shares during the last quarter. Finally, Cannell Capital LLC raised its stake in RealReal by 75.3% during the second quarter. Cannell Capital LLC now owns 1,429,207 shares of the company’s stock worth $6,846,000 after purchasing an additional 613,845 shares during the period. Institutional investors and hedge funds own 64.73% of the company’s stock.

Insider Buying and Selling at RealReal

In related news, CFO Gopal Ajay Madan sold 28,520 shares of RealReal stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $14.73, for a total value of $420,099.60. Following the completion of the transaction, the chief financial officer owned 1,156,092 shares in the company, valued at approximately $17,029,235.16. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Steve Ming Lo sold 59,789 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 249,553 shares in the company, valued at approximately $3,608,536.38. The trade was a 19.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 161,242 shares of company stock valued at $2,313,004 in the last three months. 9.00% of the stock is owned by corporate insiders.

RealReal Stock Down 2.3%

REAL opened at $11.16 on Friday. The RealReal, Inc. has a 52 week low of $4.61 and a 52 week high of $17.39. The business has a fifty day simple moving average of $14.87 and a 200-day simple moving average of $12.13. The firm has a market cap of $1.30 billion, a P/E ratio of -8.09 and a beta of 2.65.

Wall Street Analysts Forecast Growth

REAL has been the topic of several analyst reports. Northland Securities set a $20.00 price target on shares of RealReal in a research report on Wednesday, January 14th. KeyCorp lifted their target price on RealReal from $16.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Wall Street Zen lowered RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Roth Mkm set a $17.50 price target on RealReal and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, Wells Fargo & Company boosted their price objective on shares of RealReal from $15.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.94.

RealReal Company 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.