Aigen Investment Management LP Sells 12,908 Shares of The RealReal, Inc. (NASDAQ:REAL)

Aigen Investment Management LP lessened its position in The RealReal, Inc. (NASDAQ:REAL) by 45.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,249 shares of the company’s stock after selling 12,908 shares during the quarter. Aigen Investment Management LP’s holdings in RealReal were worth $48,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Drive Wealth Management LLC bought a new position in RealReal in the second quarter valued at $32,000. Calamos Advisors LLC bought a new position in RealReal in the second quarter valued at $34,000. Evoke Wealth LLC bought a new position in shares of RealReal during the second quarter valued at about $36,000. Principal Financial Group Inc. bought a new position in shares of RealReal during the second quarter valued at about $39,000. Finally, Park Edge Advisors LLC bought a new position in shares of RealReal during the third quarter valued at about $41,000. Institutional investors own 64.73% of the company’s stock.

RealReal Stock Performance

RealReal stock opened at $3.99 on Monday. The firm has a 50-day moving average of $3.19 and a 200-day moving average of $3.31. The firm has a market cap of $437.66 million, a P/E ratio of -4.53 and a beta of 2.79. The RealReal, Inc. has a 1-year low of $1.52 and a 1-year high of $4.64.

Insider Transactions at RealReal

In other RealReal news, Director Karen Katz sold 33,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $2.62, for a total value of $86,460.00. Following the completion of the sale, the director now directly owns 201,301 shares in the company, valued at $527,408.62. This trade represents a 14.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Levesque Rati Sahi sold 46,488 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $2.61, for a total transaction of $121,333.68. Following the completion of the sale, the president now owns 1,210,375 shares of the company’s stock, valued at $3,159,078.75. This trade represents a 3.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,337 shares of company stock worth $303,970. Company insiders own 9.78% of the company’s stock.

Wall Street Analyst Weigh In

REAL has been the topic of a number of recent research reports. Wedbush reduced their price objective on RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Northland Capmk raised RealReal to a “strong-buy” rating in a research note on Monday, September 16th. Northland Securities initiated coverage on RealReal in a research note on Monday, September 16th. They set an “outperform” rating and a $6.00 price objective on the stock. UBS Group raised their price objective on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird dropped their target price on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4.46.

About RealReal

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.