Cookson Peirce & Co. Inc. Makes New $1.28 Million Investment in The RealReal, Inc. $REAL

Cookson Peirce & Co. Inc. bought a new position in The RealReal, Inc. (NASDAQ:REAL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 81,242 shares of the company’s stock, valued at approximately $1,282,000. Cookson Peirce & Co. Inc. owned about 0.07% of RealReal as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. BIT Capital GmbH lifted its holdings in RealReal by 10.4% in the fourth quarter. BIT Capital GmbH now owns 1,133,140 shares of the company’s stock worth $17,881,000 after acquiring an additional 106,656 shares during the last quarter. State of Wyoming lifted its holdings in RealReal by 109.2% in the fourth quarter. State of Wyoming now owns 41,910 shares of the company’s stock worth $661,000 after acquiring an additional 21,881 shares during the last quarter. Norges Bank acquired a new stake in shares of RealReal in the fourth quarter valued at approximately $1,255,000. Intech Investment Management LLC increased its stake in shares of RealReal by 48.7% in the fourth quarter. Intech Investment Management LLC now owns 39,134 shares of the company’s stock valued at $618,000 after purchasing an additional 12,821 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of RealReal by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 2,447,182 shares of the company’s stock valued at $38,624,000 after purchasing an additional 53,567 shares during the period. Institutional investors own 64.73% of the company’s stock.

Insider Buying and Selling at RealReal

In related news, CEO Levesque Rati Sahi sold 81,194 shares of the firm’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 transaction of $751,044.50. Following the transaction, the chief executive officer owned 1,581,276 shares in the company, valued at $14,626,803. This trade represents a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gopal Ajay Madan sold 51,585 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $9.29, for a total transaction of $479,224.65. Following the transaction, the chief financial officer owned 1,179,307 shares in the company, valued at $10,955,762.03. This represents a 4.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 218,415 shares of company stock valued at $2,022,402. 2.66% of the stock is currently owned by company insiders.

RealReal Stock Performance

Shares of NASDAQ:REAL opened at $8.87 on Monday. The firm’s 50 day moving average is $10.18 and its two-hundred day moving average is $12.39. The RealReal, Inc. has a 52 week low of $4.70 and a 52 week 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 2.72.

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

Analyst Upgrades and Downgrades

REAL has been the topic of several analyst reports. UBS Group restated a “buy” rating on shares of RealReal in a research note on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research note on Tuesday, April 21st. Roth Mkm set a $17.00 price target on shares of RealReal in a research note on Friday, May 8th. Wall Street Zen lowered shares of RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Finally, Robert W. Baird set a $13.00 price target on shares of RealReal in a research note on Friday, May 8th. 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 given a Sell rating to the company’s stock. According to MarketBeat, RealReal has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

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.