Y Intercept Hong Kong Ltd Has $805,000 Stock Position in The RealReal, Inc. $REAL

Y Intercept Hong Kong Ltd lowered its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 72.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,735 shares of the company’s stock after selling 202,280 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in RealReal were worth $805,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in REAL. AQR Capital Management LLC boosted its stake in RealReal by 589.2% in the 1st quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock worth $4,786,000 after purchasing an additional 759,160 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of RealReal by 6.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,437 shares of the company’s stock worth $326,000 after buying an additional 3,500 shares during the period. Millennium Management LLC grew its holdings in shares of RealReal by 1.9% during the first quarter. Millennium Management LLC now owns 883,690 shares of the company’s stock valued at $4,763,000 after buying an additional 16,136 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in RealReal during the second quarter valued at $60,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in RealReal in the 2nd quarter worth about $1,576,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company raised their price target on shares of RealReal from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Wall Street Zen lowered shares of RealReal from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a report on Thursday, January 22nd. Northland Securities set a $20.00 price objective on RealReal in a report on Wednesday, January 14th. Finally, Roth Mkm set a $17.50 price objective on RealReal and gave the company a “buy” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.94.

RealReal Stock Performance

REAL opened at $14.71 on Tuesday. The company has a market cap of $1.72 billion, a PE ratio of -10.66 and a beta of 2.65. The stock has a 50-day moving average of $15.42 and a 200-day moving average of $11.64. The RealReal, Inc. has a 52-week low of $4.61 and a 52-week high of $17.39.

RealReal (NASDAQ:REAL) last posted its earnings results 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 company had revenue of $173.57 million during the quarter, compared to analysts’ expectations of $169.01 million. On average, research analysts predict that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Insiders Place Their Bets

In other RealReal news, CAO Steve Ming Lo sold 59,789 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $14.46, for a total transaction of $864,548.94. Following the completion of the transaction, the chief accounting officer owned 249,553 shares of the company’s stock, valued at $3,608,536.38. The trade was a 19.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Todd A. Suko sold 72,933 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $14.10, for a total transaction of $1,028,355.30. Following the sale, the insider owned 606,510 shares of the company’s stock, valued at $8,551,791. This trade represents a 10.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 15,823,249 shares of company stock valued at $209,258,341 in the last three months. Company insiders own 9.00% of the company’s stock.

RealReal Company 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.