Marshall Wace LLP Has $11.57 Million Stock Position in The RealReal, Inc. (NASDAQ:REAL)

Marshall Wace LLP cut its position in The RealReal, Inc. (NASDAQ:REAL) by 7.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,626,085 shares of the company’s stock after selling 279,882 shares during the quarter. Marshall Wace LLP’s holdings in RealReal were worth $11,567,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Findell Capital Management LLC bought a new stake in RealReal during the fourth quarter valued at about $13,681,000. Renaissance Technologies LLC acquired a new stake in RealReal in the 2nd quarter valued at approximately $1,563,000. AWM Investment Company Inc. bought a new position in RealReal in the 1st quarter worth approximately $1,862,000. GSA Capital Partners LLP acquired a new position in shares of RealReal during the first quarter worth approximately $1,430,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of RealReal in the second quarter valued at approximately $915,000. Institutional investors own 64.73% of the company’s stock.

Analyst Ratings Changes

REAL has been the topic of a number of research reports. Robert W. Baird dropped their target price on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Wedbush cut their price objective on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Northland Securities initiated coverage on shares of RealReal in a research note on Monday, September 16th. They issued an “outperform” rating and a $6.00 target price for the company. Finally, Northland Capmk upgraded RealReal to a “strong-buy” rating in a research note on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $4.40.

RealReal Trading Up 4.2 %

REAL stock opened at $3.25 on Friday. The RealReal, Inc. has a 1-year low of $1.26 and a 1-year high of $4.64. The business’s 50 day moving average is $2.87 and its 200-day moving average is $3.36. The firm has a market cap of $352.63 million, a P/E ratio of -2.85 and a beta of 2.80.

RealReal (NASDAQ:REAL) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02. The company had revenue of $144.93 million during the quarter, compared to the consensus estimate of $139.85 million. Sell-side analysts forecast that The RealReal, Inc. will post -0.74 EPS for the current year.

Insider Activity at RealReal

In other RealReal news, Director James R. Miller sold 53,526 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $3.24, for a total transaction of $173,424.24. Following the sale, the director now directly owns 157,891 shares of the company’s stock, valued at $511,566.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director James R. Miller sold 53,526 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $3.24, for a total value of $173,424.24. Following the transaction, the director now directly owns 157,891 shares of the company’s stock, valued at approximately $511,566.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Luke Thomas Friang sold 16,239 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total value of $42,383.79. Following the sale, the insider now directly owns 517,598 shares of the company’s stock, valued at $1,350,930.78. The disclosure for this sale can be found here. Insiders sold 169,863 shares of company stock valued at $477,394 in the last ninety days. Insiders own 9.78% of the company’s stock.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.