Tudor Investment Corp ET AL Boosts Holdings in The RealReal, Inc. $REAL

Tudor Investment Corp ET AL boosted its stake in shares of The RealReal, Inc. (NASDAQ:REAL) by 25.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 689,998 shares of the company’s stock after purchasing an additional 141,699 shares during the quarter. Tudor Investment Corp ET AL’s holdings in RealReal were worth $7,335,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Penn Capital Management Company LLC acquired a new position in shares of RealReal in the 3rd quarter valued at about $12,585,000. CIBC Bancorp USA Inc. purchased a new stake in shares of RealReal in the third quarter worth about $108,000. CANADA LIFE ASSURANCE Co grew its holdings in RealReal by 110.4% during the third quarter. CANADA LIFE ASSURANCE Co now owns 29,046 shares of the company’s stock worth $312,000 after acquiring an additional 15,244 shares during the period. Voleon Capital Management LP acquired a new stake in RealReal during the third quarter worth about $850,000. Finally, Quarry LP purchased a new position in RealReal during the third quarter valued at approximately $28,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal Trading Up 8.0%

Shares of REAL stock opened at $9.33 on Tuesday. The company has a market capitalization of $1.11 billion, a P/E ratio of -8.56 and a beta of 2.67. The business’s 50 day moving average is $12.67 and its two-hundred day moving average is $12.73. The RealReal, Inc. has a 12-month low of $4.61 and a 12-month high of $17.39.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on REAL shares. Wells Fargo & Company boosted their price target on RealReal from $15.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. B. Riley Financial lifted their target price on shares of RealReal from $14.00 to $17.00 and gave the company a “buy” rating in a report on Friday, December 12th. William Blair began coverage on shares of RealReal in a research note on Monday, December 15th. They issued an “outperform” rating for the company. BTIG Research reissued a “buy” rating and set a $18.00 price target on shares of RealReal in a report on Friday, February 27th. Finally, Robert W. Baird raised their price target on shares of RealReal from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.06.

Insider Buying and Selling at RealReal

In other news, CAO Steve Ming Lo sold 16,962 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $10.72, for a total transaction of $181,832.64. Following the completion of the transaction, the chief accounting officer directly owned 170,236 shares of the company’s stock, valued at $1,824,929.92. This represents a 9.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Luke Thomas Friang sold 19,609 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total value of $210,208.48. Following the transaction, the insider owned 479,656 shares in the company, valued at $5,141,912.32. This trade represents a 3.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 286,883 shares of company stock worth $3,001,619. 9.00% of the stock is currently owned by corporate insiders.

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.