BIT Capital GmbH Has $17.88 Million Stake in The RealReal, Inc. $REAL

BIT Capital GmbH increased its stake in shares of The RealReal, Inc. (NASDAQ:REAL) by 10.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,133,140 shares of the company’s stock after acquiring an additional 106,656 shares during the period. RealReal accounts for about 0.7% of BIT Capital GmbH’s holdings, making the stock its 28th largest position. BIT Capital GmbH owned about 0.97% of RealReal worth $17,881,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Quarry LP acquired a new position in shares of RealReal during the 3rd quarter valued at about $28,000. Larson Financial Group LLC acquired a new position in shares of RealReal during the 3rd quarter valued at about $31,000. Flagship Harbor Advisors LLC acquired a new position in shares of RealReal during the 4th quarter valued at about $71,000. EHP Funds Inc. acquired a new position in shares of RealReal during the 3rd quarter valued at about $107,000. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of RealReal during the 3rd quarter valued at about $108,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Robert W. Baird set a $13.00 target price on RealReal in a report on Friday, May 8th. UBS Group reaffirmed a “buy” rating on shares of RealReal in a report on Wednesday. Roth Mkm set a $17.00 target price on RealReal in a report on Friday, May 8th. Wall Street Zen lowered RealReal from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $17.00 target price on shares of RealReal in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, RealReal presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

RealReal Stock Down 2.3%

REAL opened at $8.87 on Friday. The stock’s 50 day moving average price is $10.18 and its two-hundred day moving average price is $12.40. The RealReal, Inc. has a 12-month low of $4.70 and a 12-month high of $17.39. The firm has a market capitalization of $1.07 billion, a P/E ratio of -8.70 and a beta of 2.71.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $189.72 million for the quarter, compared to the consensus estimate of $187.82 million. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. As a group, analysts anticipate that The RealReal, Inc. will post -0.15 earnings per share for the current year.

Insider Buying and Selling at RealReal

In other news, CFO Gopal Ajay Madan sold 35,023 shares of the business’s stock in a transaction that occurred on 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 directly owned 1,145,278 shares in the company, valued at approximately $10,593,821.50. The trade was a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Luke Thomas Friang sold 21,183 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $195,942.75. Following the sale, the insider owned 530,676 shares in the company, valued at approximately $4,908,753. This represents a 3.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 218,415 shares of company stock valued at $2,022,402 in the last quarter. 2.66% of the stock is currently owned by corporate insiders.

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.