Blueshift Asset Management LLC Takes $735,000 Position in The RealReal, Inc. $REAL

Blueshift Asset Management LLC acquired a new position in shares of The RealReal, Inc. (NASDAQ:REAL) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 153,444 shares of the company’s stock, valued at approximately $735,000. Blueshift Asset Management LLC owned about 0.13% of RealReal at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of REAL. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in RealReal during the first quarter worth about $359,000. Mackenzie Financial Corp acquired a new position in shares of RealReal in the 1st quarter worth approximately $332,000. Jupiter Asset Management Ltd. purchased a new position in shares of RealReal during the 1st quarter worth approximately $915,000. Vanguard Group Inc. increased its holdings in RealReal by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 5,097,765 shares of the company’s stock valued at $27,477,000 after purchasing an additional 192,633 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in RealReal by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 290,048 shares of the company’s stock valued at $1,563,000 after purchasing an additional 5,172 shares during the last quarter. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

REAL has been the subject of several research analyst reports. B. Riley restated a “buy” rating and set a $14.00 price target (up from $12.00) on shares of RealReal in a research report on Tuesday, November 11th. KeyCorp upgraded RealReal from a “sector weight” rating to an “overweight” rating and set a $16.00 target price for the company in a report on Wednesday, November 5th. BTIG Research boosted their price target on shares of RealReal from $11.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Robert W. Baird increased their price target on shares of RealReal from $8.00 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.63.

Insider Buying and Selling

In related news, CFO Gopal Ajay Madan sold 28,520 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $14.73, for a total value of $420,099.60. Following the transaction, the chief financial officer owned 1,156,092 shares of the company’s stock, valued at $17,029,235.16. This represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Luke Thomas Friang sold 18,619 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $13.06, for a total value of $243,164.14. Following the completion of the sale, the insider owned 499,265 shares in the company, valued at approximately $6,520,400.90. This represents a 3.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 15,823,249 shares of company stock worth $209,258,341. Corporate insiders own 9.00% of the company’s stock.

RealReal Price Performance

REAL stock opened at $14.10 on Wednesday. The firm has a market capitalization of $1.65 billion, a P/E ratio of -10.22 and a beta of 2.68. The business’s 50-day moving average is $12.03 and its two-hundred day moving average is $8.45. The RealReal, Inc. has a 1 year low of $4.61 and a 1 year high of $16.24.

RealReal (NASDAQ:REAL) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.35). The firm had revenue of $173.57 million during the quarter, compared to analyst estimates of $169.01 million. On average, analysts expect that The RealReal, Inc. will post -0.4 EPS for the current 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.