Squarepoint Ops LLC Sells 949,741 Shares of The RealReal, Inc. $REAL

Squarepoint Ops LLC lessened its holdings in shares of The RealReal, Inc. (NASDAQ:REAL) by 53.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 833,630 shares of the company’s stock after selling 949,741 shares during the period. Squarepoint Ops LLC owned 0.69% of RealReal worth $9,828,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in REAL. Comerica Bank increased its position in RealReal by 0.3% in the 3rd quarter. Comerica Bank now owns 351,156 shares of the company’s stock valued at $3,733,000 after acquiring an additional 1,156 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of RealReal by 40.7% in the fourth quarter. Larson Financial Group LLC now owns 4,099 shares of the company’s stock valued at $65,000 after purchasing an additional 1,185 shares in the last quarter. Evoke Wealth LLC raised its position in RealReal by 2.9% in the 4th quarter. Evoke Wealth LLC now owns 43,853 shares of the company’s stock worth $692,000 after purchasing an additional 1,240 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in RealReal by 25.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock worth $57,000 after buying an additional 1,253 shares in the last quarter. Finally, DRW Securities LLC boosted its position in RealReal by 10.3% in the 4th quarter. DRW Securities LLC now owns 17,717 shares of the company’s stock valued at $280,000 after buying an additional 1,650 shares during the last quarter. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Price Performance

Shares of NASDAQ:REAL opened at $9.55 on Friday. The firm’s 50 day simple moving average is $11.17 and its 200 day simple moving average is $10.75. The RealReal, Inc. has a fifty-two week low of $8.05 and a fifty-two week high of $17.39. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -8.53 and a beta of 2.71.

RealReal (NASDAQ:REAL) last issued its earnings results on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $192.57 million during the quarter, compared to the consensus estimate of $188.11 million. The firm’s revenue was up 16.6% compared to the same quarter last year. Equities research analysts expect that The RealReal, Inc. will post -0.13 earnings per share for the current year.

Insider Activity

In related news, insider Todd A. Suko sold 17,567 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $10.97, for a total value of $192,709.99. Following the completion of the transaction, the insider directly owned 587,897 shares in the company, valued at approximately $6,449,230.09. The trade was a 2.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Luke Friang sold 22,028 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $10.98, for a total value of $241,867.44. Following the sale, the insider directly owned 508,648 shares of the company’s stock, valued at approximately $5,584,955.04. The trade was a 4.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 173,004 shares of company stock valued at $1,899,283. Company insiders own 2.66% of the company’s stock.

Wall Street Analysts Forecast Growth

REAL has been the subject of a number of recent research reports. Roth Capital restated a “buy” rating and set a $19.00 target price on shares of RealReal in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research note on Friday, July 17th. BTIG Research reissued a “buy” rating and set a $17.00 price target on shares of RealReal in a research note on Wednesday, June 3rd. Finally, UBS Group lifted their target price on shares of RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.75.

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.