Jupiter Asset Management Ltd. Decreases Stock Holdings in The RealReal, Inc. $REAL

Jupiter Asset Management Ltd. decreased its position in The RealReal, Inc. (NASDAQ:REAL) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,812,763 shares of the company’s stock after selling 148,294 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 1.55% of RealReal worth $28,605,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Quarry LP bought a new stake in shares of RealReal during the 3rd quarter valued at about $28,000. Larson Financial Group LLC bought a new stake in shares of RealReal during the 3rd quarter valued at about $31,000. Flagship Harbor Advisors LLC bought a new stake in shares of RealReal during the 4th quarter valued at about $71,000. EHP Funds Inc. bought a new stake in shares of RealReal during the 3rd quarter valued at about $107,000. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of RealReal during the 3rd quarter valued at about $108,000. Institutional investors own 64.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. UBS Group cut their target price on shares of RealReal from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Roth Mkm set a $17.00 target price on shares of RealReal in a research note on Friday, May 8th. Robert W. Baird set a $13.00 target price on shares of RealReal in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research note on Tuesday, April 21st. Finally, BTIG Research cut their target price on shares of RealReal from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.25.

Insider Buying and Selling at RealReal

In related news, CEO Levesque Rati Sahi sold 81,194 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.25, for a total transaction of $751,044.50. Following the sale, the chief executive officer owned 1,581,276 shares of the company’s stock, valued at $14,626,803. The trade was a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Gopal Ajay Madan sold 35,023 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $9.25, for a total transaction of $323,962.75. Following the sale, the chief financial officer directly owned 1,145,278 shares in the company, valued at $10,593,821.50. The trade was a 2.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 218,415 shares of company stock valued at $2,022,402 over the last three months. 9.00% of the stock is currently owned by corporate insiders.

RealReal Price Performance

NASDAQ:REAL opened at $9.64 on Friday. The RealReal, Inc. has a one year low of $4.70 and a one year high of $17.39. The company’s 50-day simple moving average is $10.15 and its 200 day simple moving average is $12.56. The firm has a market capitalization of $1.16 billion, a P/E ratio of -9.45 and a beta of 2.84.

RealReal (NASDAQ:REAL) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $189.72 million for the quarter, compared to the consensus estimate of $187.82 million. During the same period in the previous year, the firm earned ($0.08) EPS. The company’s revenue was up 18.5% on a year-over-year basis. On average, equities research analysts expect that The RealReal, Inc. will post -0.15 earnings per share for the current fiscal year.

About RealReal

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.