Anchorage Capital Advisors L.P. Purchases New Position in The RealReal, Inc. (NASDAQ:REAL)

Anchorage Capital Advisors L.P. acquired a new stake in The RealReal, Inc. (NASDAQ:REAL) in the third quarter, according to its most recent filing with the SEC. The fund acquired 22,720,000 shares of the company’s stock, valued at approximately $10,675,000. RealReal makes up 5.0% of Anchorage Capital Advisors L.P.’s holdings, making the stock its 4th largest holding. Anchorage Capital Advisors L.P. owned approximately 0.21% of RealReal as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fortis Group Advisors LLC boosted its holdings in shares of RealReal by 11.0% in the third quarter. Fortis Group Advisors LLC now owns 77,635 shares of the company’s stock worth $244,000 after acquiring an additional 7,686 shares during the period. Drive Wealth Management LLC purchased a new stake in RealReal during the 2nd quarter worth about $32,000. Quantum Private Wealth LLC boosted its stake in RealReal by 6.1% in the 3rd quarter. Quantum Private Wealth LLC now owns 173,248 shares of the company’s stock worth $544,000 after purchasing an additional 10,000 shares during the period. Calamos Advisors LLC bought a new position in RealReal in the 2nd quarter worth about $34,000. Finally, MetLife Investment Management LLC grew its holdings in RealReal by 43.9% during the 3rd quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock valued at $113,000 after buying an additional 10,981 shares in the last quarter. Institutional investors own 64.73% of the company’s stock.

RealReal Price Performance

Shares of RealReal stock opened at $5.88 on Friday. The company has a 50 day simple moving average of $3.63 and a two-hundred day simple moving average of $3.39. The firm has a market cap of $644.98 million, a PE ratio of -6.68 and a beta of 2.79. The RealReal, Inc. has a 1 year low of $1.52 and a 1 year high of $5.92.

Wall Street Analysts Forecast Growth

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

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.