GSA Capital Partners LLP Reduces Stake in The RealReal, Inc. (NASDAQ:REAL)

GSA Capital Partners LLP lowered its stake in The RealReal, Inc. (NASDAQ:REAL) by 46.3% in the 3rd quarter, Holdings Channel reports. The firm owned 267,789 shares of the company’s stock after selling 230,998 shares during the quarter. GSA Capital Partners LLP’s holdings in RealReal were worth $841,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Drive Wealth Management LLC bought a new position in shares of RealReal in the second quarter valued at approximately $32,000. Calamos Advisors LLC purchased a new stake in RealReal in the 2nd quarter worth approximately $34,000. Evoke Wealth LLC bought a new position in RealReal in the 2nd quarter valued at $36,000. Principal Financial Group Inc. purchased a new position in shares of RealReal during the 2nd quarter valued at $39,000. Finally, Park Edge Advisors LLC bought a new position in shares of RealReal in the third quarter worth $41,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Northland Capmk upgraded RealReal to a “strong-buy” rating in a research report on Monday, September 16th. UBS Group boosted their price objective on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Northland Securities started coverage on shares of RealReal in a research report on Monday, September 16th. They issued an “outperform” rating and a $6.00 price objective on the stock. Wedbush dropped their target price 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. Finally, Robert W. Baird decreased their price target on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $4.46.

Insider Activity at RealReal

In other news, CAO Steve Ming Lo sold 20,610 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $2.61, for a total transaction of $53,792.10. Following the completion of the sale, the chief accounting officer now owns 508,528 shares of the company’s stock, valued at approximately $1,327,258.08. This represents a 3.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Karen Katz sold 33,000 shares of RealReal stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $2.62, for a total transaction of $86,460.00. Following the completion of the transaction, the director now directly owns 201,301 shares in the company, valued at approximately $527,408.62. The trade was a 14.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,337 shares of company stock valued at $303,970. Insiders own 9.78% of the company’s stock.

RealReal Stock Performance

REAL stock opened at $3.99 on Friday. The company has a market capitalization of $437.66 million, a PE ratio of -4.53 and a beta of 2.79. The RealReal, Inc. has a one year low of $1.52 and a one year high of $4.64. The company’s 50 day moving average price is $3.19 and its two-hundred day moving average price is $3.32.

RealReal 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.