Counterpoint Mutual Funds LLC Takes $4.47 Million Position in The RealReal, Inc. $REAL

Counterpoint Mutual Funds LLC purchased a new position in shares of The RealReal, Inc. (NASDAQ:REAL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 492,806 shares of the company’s stock, valued at approximately $4,475,000. Counterpoint Mutual Funds LLC owned approximately 0.41% of RealReal at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of REAL. Quarry LP acquired a new position in RealReal during the third quarter worth $28,000. Larson Financial Group LLC acquired a new stake in RealReal in the third quarter valued at $31,000. Flagship Harbor Advisors LLC acquired a new stake in RealReal in the fourth quarter valued at $71,000. Kemnay Advisory Services Inc. purchased a new position in shares of RealReal in the fourth quarter valued at $104,000. Finally, EHP Funds Inc. purchased a new position in shares of RealReal in the third quarter valued at $107,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

Insider Activity

In other RealReal news, insider Todd A. Suko sold 17,353 shares of the firm’s stock in a transaction dated 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 $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 accessible through this link. Also, CFO Gopal Ajay Madan sold 35,023 shares of RealReal stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $9.25, for a total transaction of $323,962.75. Following the sale, the chief financial officer owned 1,145,278 shares of the company’s stock, valued at approximately $10,593,821.50. This trade represents a 2.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 166,830 shares of company stock worth $1,543,178 in the last quarter. Corporate insiders own 2.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on REAL shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a research report on Tuesday, April 21st. UBS Group restated a “buy” rating on shares of RealReal in a report on Wednesday, June 3rd. Robert W. Baird set a $13.00 target price on shares of RealReal in a research report on Friday, May 8th. BTIG Research restated a “buy” rating and set a $17.00 target price on shares of RealReal in a research report on Wednesday, June 3rd. Finally, Wall Street Zen downgraded shares of RealReal from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. One 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $17.25.

RealReal Stock Performance

RealReal stock opened at $11.58 on Friday. The stock has a fifty day moving average of $10.72 and a two-hundred day moving average of $12.03. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of -11.35 and a beta of 2.66. The RealReal, Inc. has a fifty-two week low of $5.00 and a fifty-two week high of $17.39.

RealReal (NASDAQ:REAL) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $189.72 million during the quarter, compared to analyst estimates of $187.82 million. During the same period last year, the firm earned ($0.08) earnings per share. The business’s revenue was up 18.5% compared to the same quarter last year. On average, analysts forecast that The RealReal, Inc. will post -0.14 EPS for the current fiscal year.

RealReal 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.