Coatue Management LLC Buys Shares of 17,441 RealReal Inc (NASDAQ:REAL)

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Coatue Management LLC bought a new stake in shares of RealReal Inc (NASDAQ:REAL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,441 shares of the company’s stock, valued at approximately $223,000.

Several other large investors have also made changes to their positions in REAL. Ameritas Investment Partners Inc. boosted its position in shares of RealReal by 206.5% during the first quarter. Ameritas Investment Partners Inc. now owns 4,453 shares of the company’s stock valued at $31,000 after buying an additional 3,000 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of RealReal by 116,566.7% during the first quarter. Rockefeller Capital Management L.P. now owns 7,000 shares of the company’s stock valued at $49,000 after buying an additional 6,994 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of RealReal by 142.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,908 shares of the company’s stock valued at $50,000 after buying an additional 2,295 shares during the period. Advisor Group Holdings Inc. boosted its position in shares of RealReal by 27.9% during the second quarter. Advisor Group Holdings Inc. now owns 3,990 shares of the company’s stock valued at $50,000 after buying an additional 870 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of RealReal by 89.2% during the first quarter. Legal & General Group Plc now owns 8,194 shares of the company’s stock valued at $58,000 after buying an additional 3,862 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

REAL has been the subject of several recent analyst reports. Wells Fargo & Co boosted their target price on RealReal from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. KeyCorp lifted their price target on shares of RealReal from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Stifel Nicolaus lifted their price target on shares of RealReal from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Raymond James lifted their price target on shares of RealReal from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, Needham & Company LLC initiated coverage on shares of RealReal in a research note on Friday, June 19th. They set a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $17.56.

NASDAQ:REAL traded down $0.38 during trading hours on Friday, reaching $15.26. The company’s stock had a trading volume of 1,651,079 shares, compared to its average volume of 2,085,778. The company has a market capitalization of $1.34 billion, a P/E ratio of -10.31 and a beta of 3.69. RealReal Inc has a 12 month low of $5.00 and a 12 month high of $24.51. The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.21 and a current ratio of 4.41. The stock has a 50 day moving average price of $15.41 and a two-hundred day moving average price of $12.76.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.05). The business had revenue of $57.39 million for the quarter, compared to analyst estimates of $53.64 million. RealReal had a negative return on equity of 38.60% and a negative net margin of 40.78%. The business’s revenue for the quarter was down 20.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.28) earnings per share. As a group, analysts predict that RealReal Inc will post -1.65 EPS for the current fiscal year.

In other news, COO Levesque Rati Sahi sold 33,384 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $12.57, for a total transaction of $419,636.88. Following the transaction, the chief operating officer now directly owns 375,730 shares of the company’s stock, valued at $4,722,926.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Steve Ming Lo sold 7,500 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $18.00, for a total value of $135,000.00. Following the transaction, the vice president now directly owns 50,500 shares in the company, valued at $909,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 591,497 shares of company stock worth $8,927,995. Insiders own 27.80% of the company’s stock.

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Institutional Ownership by Quarter for RealReal (NASDAQ:REAL)

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