Portsea Asset Management LLP Boosts Position in RealReal Inc (NASDAQ:REAL)

Portsea Asset Management LLP raised its stake in shares of RealReal Inc (NASDAQ:REAL) by 67.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,237,712 shares of the company’s stock after acquiring an additional 500,457 shares during the quarter. RealReal makes up 14.6% of Portsea Asset Management LLP’s portfolio, making the stock its 4th biggest position. Portsea Asset Management LLP owned 1.41% of RealReal worth $17,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of REAL. Parametric Portfolio Associates LLC acquired a new stake in shares of RealReal during the first quarter worth approximately $111,000. Nuveen Asset Management LLC boosted its holdings in shares of RealReal by 165.8% during the first quarter. Nuveen Asset Management LLC now owns 195,752 shares of the company’s stock worth $1,372,000 after purchasing an additional 122,114 shares during the period. Deutsche Bank AG boosted its holdings in shares of RealReal by 51.8% during the first quarter. Deutsche Bank AG now owns 31,094 shares of the company’s stock worth $218,000 after purchasing an additional 10,612 shares during the period. Legal & General Group Plc boosted its holdings in shares of RealReal by 89.2% during the first quarter. Legal & General Group Plc now owns 8,194 shares of the company’s stock worth $58,000 after purchasing an additional 3,862 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of RealReal by 94.2% during the first quarter. Geode Capital Management LLC now owns 502,725 shares of the company’s stock worth $3,524,000 after purchasing an additional 243,810 shares during the period. Institutional investors own 81.24% of the company’s stock.

REAL has been the subject of a number of analyst reports. B. Riley lifted their target price on shares of RealReal from $7.00 to $13.00 and gave the company a “hold” rating in a research note on Friday, July 10th. Cowen reissued a “buy” rating and issued a $17.00 price target on shares of RealReal in a report on Monday, August 3rd. Zacks Investment Research lowered shares of RealReal from a “hold” rating to a “sell” rating in a report on Thursday, October 22nd. BidaskClub downgraded shares of RealReal from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Finally, Raymond James boosted their target price on shares of RealReal from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.82.

NASDAQ REAL traded down $0.47 on Wednesday, hitting $13.29. 21,209 shares of the company were exchanged, compared to its average volume of 1,958,965. The company has a market cap of $1.21 billion, a P/E ratio of -8.97 and a beta of 3.62. RealReal Inc has a 1-year low of $5.00 and a 1-year high of $24.51. The company has a current ratio of 4.41, a quick ratio of 4.21 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average of $15.25 and a two-hundred day moving average of $13.96.

RealReal (NASDAQ:REAL) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.48) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by ($0.07). The firm had revenue of $57.39 million for the quarter, compared to the consensus estimate of $53.64 million. RealReal had a negative return on equity of 38.60% and a negative net margin of 40.78%. The business’s revenue for the quarter was down 20.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.28) earnings per share. Research analysts anticipate that RealReal Inc will post -1.69 EPS for the current fiscal year.

In other RealReal news, CEO Julie Wainwright sold 6,997 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $16.99, for a total transaction of $118,879.03. Following the completion of the sale, the chief executive officer now directly owns 4,292,806 shares of the company’s stock, valued at approximately $72,934,773.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Steve Ming Lo sold 2,406 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $17.50, for a total value of $42,105.00. Following the sale, the chief accounting officer now directly owns 41,656 shares of the company’s stock, valued at $728,980. The disclosure for this sale can be found here. Insiders have sold a total of 482,832 shares of company stock valued at $7,796,998 over the last three months. Company insiders own 27.80% of the company’s stock.

RealReal Profile

The RealReal Inc operates an online marketplace for consigned luxury goods. It offers resale product categories, including women’s, men’s, kids’, jewelry and watches, as well as home and art products. The RealReal Inc is based in San Francisco, California.

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Institutional Ownership by Quarter for RealReal (NASDAQ:REAL)

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