1,026,484 Shares in The RealReal, Inc. $REAL Acquired by BIT Capital GmbH

BIT Capital GmbH bought a new position in shares of The RealReal, Inc. (NASDAQ:REAL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,026,484 shares of the company’s stock, valued at approximately $10,912,000. BIT Capital GmbH owned about 0.89% of RealReal at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue acquired a new position in shares of RealReal in the 3rd quarter valued at $59,000. Corton Capital Inc. acquired a new stake in shares of RealReal during the second quarter worth about $111,000. Alberta Investment Management Corp purchased a new stake in RealReal in the second quarter valued at approximately $115,000. Great Lakes Advisors LLC acquired a new position in RealReal in the 3rd quarter worth approximately $121,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in RealReal during the 3rd quarter worth approximately $127,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

Insider Buying and Selling at RealReal

In related news, CAO Steve Ming Lo sold 59,789 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $14.46, for a total value of $864,548.94. Following the transaction, the chief accounting officer directly owned 249,553 shares of the company’s stock, valued at approximately $3,608,536.38. This trade represents a 19.33% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Todd A. Suko sold 72,933 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $14.10, for a total value of $1,028,355.30. Following the completion of the transaction, the insider owned 606,510 shares in the company, valued at approximately $8,551,791. This trade represents a 10.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 161,242 shares of company stock valued at $2,313,004 over the last ninety days. Corporate insiders own 9.00% of the company’s stock.

Analysts Set New Price Targets

REAL has been the topic of several recent research reports. B. Riley Financial upped their price objective on shares of RealReal from $14.00 to $17.00 and gave the company a “buy” rating in a report on Friday, December 12th. UBS Group increased their price target on RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Northland Securities set a $20.00 price objective on RealReal in a report on Wednesday, January 14th. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company lifted their price target on RealReal from $15.00 to $20.00 and gave the company an “overweight” rating in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $17.94.

RealReal Stock Down 2.3%

Shares of RealReal stock opened at $11.16 on Friday. The firm has a market cap of $1.30 billion, a PE ratio of -8.09 and a beta of 2.65. The business has a 50-day moving average price of $14.87 and a 200 day moving average price of $12.13. The RealReal, Inc. has a twelve month low of $4.61 and a twelve month high of $17.39.

RealReal 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.