Patient Capital Management LLC Acquires Shares of 173,500 The RealReal, Inc. (NASDAQ:REAL)

Patient Capital Management LLC acquired a new stake in shares of The RealReal, Inc. (NASDAQ:REALGet Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 173,500 shares of the company’s stock, valued at approximately $2,014,000.

Several other large investors have also made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of RealReal by 26.7% in the third quarter. Wellington Management Group LLP now owns 4,256,660 shares of the company’s stock valued at $56,103,000 after buying an additional 897,537 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in shares of RealReal by 50.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 2,477,810 shares of the company’s stock valued at $28,767,000 after buying an additional 831,610 shares in the last quarter. State Street Corp increased its stake in shares of RealReal by 1.3% in the fourth quarter. State Street Corp now owns 2,158,788 shares of the company’s stock valued at $25,064,000 after buying an additional 26,698 shares in the last quarter. Morgan Stanley increased its stake in shares of RealReal by 11.8% in the third quarter. Morgan Stanley now owns 1,948,821 shares of the company’s stock valued at $25,686,000 after buying an additional 206,158 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of RealReal by 82.2% in the third quarter. The Manufacturers Life Insurance Company now owns 1,548,798 shares of the company’s stock valued at $20,413,000 after buying an additional 698,689 shares in the last quarter. Institutional investors own 89.19% of the company’s stock.

A number of analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on RealReal in a research note on Thursday, March 17th. They issued a “buy” rating and a $13.00 target price for the company. B. Riley lowered their target price on RealReal from $9.00 to $5.00 in a research note on Wednesday, May 11th. Wedbush lowered their price objective on RealReal from $21.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, February 24th. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price objective on shares of RealReal in a research report on Tuesday, May 17th. Finally, Wells Fargo & Company lowered their price objective on RealReal from $19.00 to $15.00 and set an “overweight” rating for the company in a research report on Thursday, February 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, RealReal has a consensus rating of “Buy” and an average target price of $14.65.

Shares of RealReal stock traded up $0.39 during trading on Friday, hitting $3.27. 6,467,931 shares of the company were exchanged, compared to its average volume of 3,781,686. The firm has a market capitalization of $308.60 million, a P/E ratio of -1.27 and a beta of 2.45. The RealReal, Inc. has a 1-year low of $2.65 and a 1-year high of $22.83. The firm’s fifty day moving average price is $5.82 and its 200 day moving average price is $9.09. The company has a debt-to-equity ratio of 4.76, a current ratio of 2.58 and a quick ratio of 2.17.

RealReal (NASDAQ:REALGet Rating) last posted its earnings results on Tuesday, May 10th. The company reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.64) by $0.17. The company had revenue of $146.70 million during the quarter, compared to analyst estimates of $136.35 million. RealReal had a negative return on equity of 331.27% and a negative net margin of 46.07%. The company’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.62) EPS. As a group, equities research analysts anticipate that The RealReal, Inc. will post -1.97 earnings per share for the current year.

In other news, President Levesque Rati Sahi sold 11,744 shares of RealReal stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $3.06, for a total transaction of $35,936.64. Following the transaction, the president now owns 710,226 shares in the company, valued at approximately $2,173,291.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Todd A. Suko sold 11,129 shares of RealReal stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $3.06, for a total value of $34,054.74. Following the transaction, the insider now owns 396,408 shares in the company, valued at approximately $1,213,008.48. The disclosure for this sale can be found here. Insiders have sold a total of 67,583 shares of company stock worth $216,870 in the last quarter. 27.80% of the stock is currently owned by company insiders.

RealReal Company Profile (Get Rating)

The RealReal, Inc operates an online marketplace for consigned luxury goods in the United State. It offers various product categories, including women's, men's, kids', jewelry and watches, and home and art products. The company was incorporated in 2011 and is headquartered in San Francisco, California.

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Institutional Ownership by Quarter for RealReal (NASDAQ:REAL)

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