Millennium Management LLC Reduces Stock Position in The RealReal, Inc. (NASDAQ:REAL)

Millennium Management LLC lessened its holdings in shares of The RealReal, Inc. (NASDAQ:REAL) by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 867,554 shares of the company’s stock after selling 102,893 shares during the period. Millennium Management LLC owned about 0.79% of RealReal worth $9,482,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of RealReal by 6.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,937 shares of the company’s stock worth $622,000 after purchasing an additional 3,236 shares during the period. Gotham Asset Management LLC bought a new position in RealReal in the fourth quarter worth about $816,000. Graham Capital Management L.P. lifted its holdings in RealReal by 23.5% in the fourth quarter. Graham Capital Management L.P. now owns 72,158 shares of the company’s stock worth $789,000 after buying an additional 13,739 shares during the period. G2 Investment Partners Management LLC purchased a new stake in RealReal in the fourth quarter worth about $2,709,000. Finally, Driehaus Capital Management LLC bought a new stake in RealReal during the 4th quarter valued at approximately $10,370,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, UBS Group increased their target price on RealReal from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, RealReal currently has an average rating of “Moderate Buy” and a consensus price target of $8.40.

RealReal Stock Performance

REAL stock opened at $5.21 on Monday. The firm has a 50 day moving average price of $5.69 and a 200-day moving average price of $6.91. The RealReal, Inc. has a 52-week low of $2.24 and a 52-week high of $11.38. The firm has a market capitalization of $589.22 million, a price-to-earnings ratio of -4.04 and a beta of 2.61.

RealReal (NASDAQ:REAL) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The company had revenue of $160.03 million during the quarter, compared to the consensus estimate of $159.98 million. As a group, sell-side analysts forecast that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

RealReal Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.