Alpine Global Management LLC Has $1.14 Million Position in The RealReal, Inc. $REAL

Alpine Global Management LLC boosted its holdings in shares of The RealReal, Inc. (NASDAQ:REAL) by 934.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 72,421 shares of the company’s stock after purchasing an additional 65,421 shares during the quarter. Alpine Global Management LLC’s holdings in RealReal were worth $1,143,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Penn Capital Management Company LLC raised its position in shares of RealReal by 13.0% during the fourth quarter. Penn Capital Management Company LLC now owns 1,336,674 shares of the company’s stock worth $21,112,000 after acquiring an additional 153,806 shares during the last quarter. BIT Capital GmbH bought a new position in RealReal in the third quarter valued at about $10,912,000. American Century Companies Inc. increased its position in RealReal by 3,474.7% in the third quarter. American Century Companies Inc. now owns 1,837,907 shares of the company’s stock worth $19,537,000 after purchasing an additional 1,786,493 shares during the period. Tudor Investment Corp ET AL increased its position in RealReal by 25.8% in the third quarter. Tudor Investment Corp ET AL now owns 689,998 shares of the company’s stock worth $7,335,000 after purchasing an additional 141,699 shares during the period. Finally, Jupiter Asset Management Ltd. increased its position in RealReal by 501.0% in the third quarter. Jupiter Asset Management Ltd. now owns 1,961,057 shares of the company’s stock worth $20,846,000 after purchasing an additional 1,634,782 shares during the period. Institutional investors and hedge funds own 64.73% of the company’s stock.

Insider Activity at RealReal

In other news, CEO Levesque Rati Sahi sold 81,194 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.25, for a total transaction of $751,044.50. Following the completion of the transaction, the chief executive officer directly owned 1,581,276 shares in the company, valued at $14,626,803. This represents a 4.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Todd A. Suko sold 17,353 shares of the company’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 $160,515.25. Following the sale, the insider owned 605,394 shares in the company, valued at $5,599,894.50. The trade was a 2.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 166,830 shares of company stock worth $1,543,178. 2.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Roth Mkm set a $17.00 price objective on shares of RealReal in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a report on Tuesday, April 21st. UBS Group reiterated a “buy” rating on shares of RealReal in a research report on Wednesday, June 3rd. Wall Street Zen downgraded RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Finally, BTIG Research restated a “buy” rating and issued a $17.00 price target on shares of RealReal in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.25.

RealReal Price Performance

Shares of RealReal stock opened at $12.45 on Friday. The company has a market capitalization of $1.50 billion, a P/E ratio of -12.21 and a beta of 2.71. The business has a 50-day moving average of $10.45 and a two-hundred day moving average of $12.17. The RealReal, Inc. has a 1 year low of $4.70 and a 1 year high of $17.39.

RealReal (NASDAQ:REAL) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, hitting 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. The company’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) earnings per share. On average, equities analysts anticipate that The RealReal, Inc. will post -0.15 EPS for the current fiscal year.

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.