Quantum Private Wealth LLC Purchases 10,000 Shares of The RealReal, Inc. (NASDAQ:REAL)

Quantum Private Wealth LLC increased its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 6.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 173,248 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Quantum Private Wealth LLC owned approximately 0.16% of RealReal worth $544,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Drive Wealth Management LLC purchased a new stake in shares of RealReal in the 2nd quarter valued at $32,000. Calamos Advisors LLC purchased a new stake in RealReal during the 2nd quarter valued at $34,000. Evoke Wealth LLC purchased a new stake in RealReal during the 2nd quarter valued at $36,000. Searle & CO. bought a new position in shares of RealReal in the 1st quarter worth about $39,000. Finally, Principal Financial Group Inc. bought a new position in shares of RealReal in the 2nd quarter worth about $39,000. Institutional investors own 64.73% of the company’s stock.

Insiders Place Their Bets

In other RealReal news, Director Karen Katz sold 33,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $2.62, for a total transaction of $86,460.00. Following the sale, the director now owns 201,301 shares in the company, valued at approximately $527,408.62. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Luke Thomas Friang sold 16,239 shares of RealReal stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total transaction of $42,383.79. Following the sale, the insider now owns 517,598 shares in the company, valued at $1,350,930.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Karen Katz sold 33,000 shares of the business’s 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 sale, the director now owns 201,301 shares in the company, valued at $527,408.62. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,337 shares of company stock worth $303,970. Company insiders own 9.78% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wedbush cut their price objective on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Robert W. Baird cut their price objective 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. Northland Securities assumed coverage on shares of RealReal in a research report on Monday, September 16th. They set an “outperform” rating and a $6.00 price objective on the stock. Northland Capmk raised shares of RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Finally, UBS Group raised their price target on shares of RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Tuesday. Four equities 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’s stock. Based on data from MarketBeat.com, RealReal has a consensus rating of “Moderate Buy” and a consensus price target of $4.18.

RealReal Trading Down 1.9 %

REAL opened at $3.67 on Friday. The company has a market cap of $398.20 million, a price-to-earnings ratio of -4.25 and a beta of 2.79. The company’s 50 day moving average is $2.99 and its 200 day moving average is $3.30. The RealReal, Inc. has a 12-month low of $1.52 and a 12-month high of $4.64.

RealReal (NASDAQ:REAL) last released its earnings results on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.02. The firm had revenue of $144.93 million for the quarter, compared to the consensus estimate of $139.85 million. As a group, analysts predict that The RealReal, Inc. will post -0.82 EPS for the current fiscal year.

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.