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

OP Asset Management Ltd bought a new position in The RealReal, Inc. (NASDAQ:REAL) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 57,076 shares of the company’s stock, valued at approximately $518,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Penn Capital Management Company LLC grew its holdings in shares of RealReal by 13.0% in the 4th quarter. Penn Capital Management Company LLC now owns 1,336,674 shares of the company’s stock worth $21,112,000 after purchasing an additional 153,806 shares during the last quarter. Tudor Investment Corp ET AL lifted its holdings in RealReal by 25.8% during the 3rd quarter. Tudor Investment Corp ET AL now owns 689,998 shares of the company’s stock valued at $7,335,000 after purchasing an additional 141,699 shares during the last quarter. American Century Companies Inc. lifted its holdings in RealReal by 3,474.7% during the 3rd quarter. American Century Companies Inc. now owns 1,837,907 shares of the company’s stock valued at $19,537,000 after purchasing an additional 1,786,493 shares during the last quarter. Vanguard Group Inc. boosted its position in RealReal by 7.7% in the third quarter. Vanguard Group Inc. now owns 5,929,807 shares of the company’s stock valued at $63,034,000 after buying an additional 425,674 shares in the last quarter. Finally, Polen Capital Management LLC boosted its position in RealReal by 142.9% in the fourth quarter. Polen Capital Management LLC now owns 175,088 shares of the company’s stock valued at $2,763,000 after buying an additional 103,000 shares in the last quarter. Institutional investors own 64.73% of the company’s stock.

Insider Activity at RealReal

In other news, insider Todd A. Suko sold 17,353 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total value of $160,515.25. Following the transaction, the insider directly owned 605,394 shares in the company, valued at $5,599,894.50. This trade represents a 2.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Gopal Ajay Madan sold 35,023 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 $323,962.75. Following the transaction, the chief financial officer owned 1,145,278 shares in the company, valued at approximately $10,593,821.50. This trade represents a 2.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 166,830 shares of company stock worth $1,543,178. 2.66% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

REAL has been the subject of several recent analyst reports. UBS Group reaffirmed a “buy” rating on shares of RealReal in a report on Wednesday, June 3rd. BTIG Research reiterated a “buy” rating and issued a $17.00 price objective on shares of RealReal in a research report on Wednesday, June 3rd. Roth Mkm set a $17.00 target price on RealReal in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a report on Tuesday, April 21st. Finally, Wall Street Zen lowered shares of RealReal from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, RealReal has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

RealReal Stock Down 3.4%

RealReal stock opened at $11.79 on Wednesday. The business’s 50-day simple moving average is $10.73 and its 200 day simple moving average is $12.07. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -11.56 and a beta of 2.71. The RealReal, Inc. has a 12-month low of $4.71 and a 12-month high of $17.39.

RealReal (NASDAQ:REAL) last issued its earnings results on Thursday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $189.72 million during the quarter, compared to the consensus estimate of $187.82 million. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the business posted ($0.08) EPS. As a group, sell-side analysts expect that The RealReal, Inc. will post -0.15 EPS for the current 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.