338,093 Shares in The RealReal, Inc. $REAL Acquired by Archon Capital Management LLC

Archon Capital Management LLC purchased a new stake in The RealReal, Inc. (NASDAQ:REAL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 338,093 shares of the company’s stock, valued at approximately $1,619,000. RealReal makes up about 1.3% of Archon Capital Management LLC’s holdings, making the stock its 27th biggest position. Archon Capital Management LLC owned approximately 0.29% of RealReal at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Kanen Wealth Management LLC boosted its stake in shares of RealReal by 26.2% in the 2nd quarter. Kanen Wealth Management LLC now owns 4,708,623 shares of the company’s stock valued at $22,554,000 after purchasing an additional 978,660 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in RealReal during the 1st quarter valued at about $4,958,000. Driehaus Capital Management LLC lifted its holdings in RealReal by 90.8% during the 1st quarter. Driehaus Capital Management LLC now owns 1,810,651 shares of the company’s stock valued at $9,759,000 after purchasing an additional 861,902 shares during the last quarter. AQR Capital Management LLC lifted its holdings in RealReal by 589.2% during the 1st quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock valued at $4,786,000 after purchasing an additional 759,160 shares during the last quarter. Finally, Capricorn Fund Managers Ltd boosted its position in RealReal by 78.4% in the second quarter. Capricorn Fund Managers Ltd now owns 1,607,370 shares of the company’s stock valued at $7,699,000 after buying an additional 706,256 shares in the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

RealReal Stock Up 0.4%

RealReal stock opened at $14.21 on Friday. The business’s 50-day simple moving average is $12.20 and its 200 day simple moving average is $8.53. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of -10.30 and a beta of 2.68. The RealReal, Inc. has a 12-month low of $4.61 and a 12-month high of $16.24.

RealReal (NASDAQ:REAL) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.35). The business had revenue of $173.57 million during the quarter, compared to analysts’ expectations of $169.01 million. As a group, sell-side analysts expect that The RealReal, Inc. will post -0.4 EPS for the current year.

Insiders Place Their Bets

In other RealReal news, CFO Gopal Ajay Madan sold 30,196 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $13.06, for a total value of $394,359.76. Following the transaction, the chief financial officer directly owned 1,184,612 shares of the company’s stock, valued at approximately $15,471,032.72. This trade represents a 2.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Todd A. Suko sold 75,693 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $14.08, for a total transaction of $1,065,757.44. Following the sale, the insider owned 711,054 shares of the company’s stock, valued at $10,011,640.32. The trade was a 9.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,823,249 shares of company stock valued at $209,258,341 over the last three months. 9.00% of the stock is owned by insiders.

Analysts Set New Price Targets

REAL has been the subject of several recent analyst reports. Robert W. Baird raised their price objective on shares of RealReal from $8.00 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Roth Capital set a $17.50 price target on RealReal and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a research report on Wednesday, October 8th. UBS Group increased their target price on RealReal from $10.50 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Finally, BTIG Research raised their target price on RealReal from $11.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.63.

RealReal Company 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.