Wexford Capital LP Makes New $942,000 Investment in The RealReal, Inc. (NASDAQ:REAL)

Wexford Capital LP acquired a new position in The RealReal, Inc. (NASDAQ:REAL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 300,000 shares of the company’s stock, valued at approximately $942,000. Wexford Capital LP owned 0.27% of RealReal as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of RealReal by 0.4% during the first quarter. Vanguard Group Inc. now owns 4,101,935 shares of the company’s stock worth $16,039,000 after buying an additional 18,352 shares during the last quarter. Calamos Advisors LLC bought a new stake in RealReal in the 2nd quarter valued at $34,000. Bank of New York Mellon Corp acquired a new stake in RealReal in the 2nd quarter worth $915,000. Principal Financial Group Inc. acquired a new stake in RealReal in the 2nd quarter worth $39,000. Finally, Fortis Group Advisors LLC increased its holdings in shares of RealReal by 38.8% during the 2nd quarter. Fortis Group Advisors LLC now owns 69,949 shares of the company’s stock worth $223,000 after purchasing an additional 19,553 shares during the period. Institutional investors and hedge funds own 64.73% of the company’s stock.

Insider Transactions at RealReal

In related news, CAO Steve Ming Lo sold 96,666 shares of RealReal stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $6.10, for a total value of $589,662.60. Following the completion of the transaction, the chief accounting officer now directly owns 391,525 shares of the company’s stock, valued at $2,388,302.50. The trade was a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 9.78% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. UBS Group raised 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. 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. Finally, Northland Capmk raised shares of RealReal to a “strong-buy” rating in a report on Monday, September 16th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, RealReal presently has an average rating of “Moderate Buy” and a consensus target price of $4.46.

RealReal Stock Down 0.5 %

Shares of REAL stock opened at $6.12 on Friday. The company has a market capitalization of $671.30 million, a P/E ratio of -6.95 and a beta of 3.09. The RealReal, Inc. has a 12-month low of $1.52 and a 12-month high of $6.38. The firm has a 50-day moving average price of $3.86 and a 200 day moving average price of $3.44.

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.