Fortis Group Advisors LLC Makes New $801,000 Investment in The RealReal, Inc. $REAL

Fortis Group Advisors LLC acquired a new position in The RealReal, Inc. (NASDAQ:REAL) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 54,605 shares of the company’s stock, valued at approximately $801,000.

A number of other institutional investors have also recently added to or reduced their stakes in REAL. Quarry LP bought a new stake in shares of RealReal in the 3rd quarter worth about $28,000. Larson Financial Group LLC bought a new stake in shares of RealReal in the 3rd quarter worth about $31,000. State of Alaska Department of Revenue bought a new stake in shares of RealReal in the 3rd quarter worth about $59,000. Flagship Harbor Advisors LLC bought a new stake in shares of RealReal in the 4th quarter worth about $71,000. Finally, EHP Funds Inc. bought a new stake in shares of RealReal in the 3rd quarter worth about $107,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Stock Down 1.8%

Shares of NASDAQ:REAL opened at $9.27 on Friday. The RealReal, Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $17.39. The firm has a 50-day simple moving average of $10.19 and a 200 day simple moving average of $12.65. The company has a market cap of $1.12 billion, a PE ratio of -9.09 and a beta of 2.84.

RealReal (NASDAQ:REAL) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $189.72 million for the quarter, compared to the consensus estimate of $187.82 million. During the same period in the prior year, the company earned ($0.08) EPS. RealReal’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, research analysts forecast that The RealReal, Inc. will post -0.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on REAL shares. BTIG Research dropped their target price on shares of RealReal from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Roth Mkm set a $17.00 target price on shares of RealReal in a research report on Friday, May 8th. Robert W. Baird set a $13.00 target price on shares of RealReal in a research report on Friday, May 8th. Wall Street Zen downgraded shares of RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Finally, UBS Group dropped their target price on shares of RealReal from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat, RealReal presently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

Insider Buying and Selling at RealReal

In other RealReal news, CFO Gopal Ajay Madan sold 51,585 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $9.29, for a total transaction of $479,224.65. Following the completion of the transaction, the chief financial officer directly owned 1,179,307 shares of the company’s stock, valued at $10,955,762.03. The trade was a 4.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Todd A. Suko sold 45,947 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $10.72, for a total transaction of $492,551.84. Following the transaction, the insider directly owned 560,563 shares of the company’s stock, valued at $6,009,235.36. The trade was a 7.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 286,883 shares of company stock valued at $3,001,619. Corporate insiders own 9.00% of the company’s stock.

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.