Aigen Investment Management LP Buys 78,301 Shares of The RealReal, Inc. (NASDAQ:REAL)

Aigen Investment Management LP boosted its stake in The RealReal, Inc. (NASDAQ:REAL) by 513.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,550 shares of the company’s stock after acquiring an additional 78,301 shares during the period. Aigen Investment Management LP owned 0.09% of RealReal worth $1,023,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC raised its position in shares of RealReal by 53.0% in the third quarter. Chicago Partners Investment Group LLC now owns 55,464 shares of the company’s stock valued at $163,000 after purchasing an additional 19,215 shares during the period. Quantum Private Wealth LLC raised its position in shares of RealReal by 6.1% in the third quarter. Quantum Private Wealth LLC now owns 173,248 shares of the company’s stock valued at $544,000 after purchasing an additional 10,000 shares during the period. River Global Investors LLP raised its position in shares of RealReal by 4.9% in the third quarter. River Global Investors LLP now owns 359,623 shares of the company’s stock valued at $1,127,000 after purchasing an additional 16,896 shares during the period. Versor Investments LP bought a new stake in shares of RealReal in the third quarter valued at approximately $243,000. Finally, Anthracite Investment Company Inc. raised its position in shares of RealReal by 62.0% in the third quarter. Anthracite Investment Company Inc. now owns 745,304 shares of the company’s stock valued at $2,340,000 after purchasing an additional 285,304 shares during the period. Institutional investors own 64.73% of the company’s stock.

Insiders Place Their Bets

In other RealReal news, CFO Gopal Ajay Madan sold 102,386 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $706,463.40. Following the completion of the transaction, the chief financial officer now owns 1,327,198 shares of the company’s stock, valued at $9,157,666.20. The trade was a 7.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John E. Koryl sold 396,478 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $9.61, for a total transaction of $3,810,153.58. The disclosure for this sale can be found here. Insiders sold a total of 654,761 shares of company stock valued at $5,592,306 in the last quarter. Corporate insiders own 9.78% of the company’s stock.

Wall Street Analyst Weigh In

REAL has been the topic of several research reports. Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $4.00 to $15.00 in a research report on Monday, December 9th. Northland Securities boosted their price target on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Finally, UBS Group lowered their price target on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $8.33.

RealReal Trading Up 0.7 %

RealReal stock opened at $5.72 on Thursday. The firm’s 50 day simple moving average is $8.63 and its 200 day simple moving average is $5.80. The firm has a market capitalization of $636.33 million, a PE ratio of -4.43 and a beta of 3.00. The RealReal, Inc. has a 1-year low of $2.24 and a 1-year high of $11.38.

RealReal (NASDAQ:REAL) last posted its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The company had revenue of $164.00 million for the quarter, compared to analyst estimates of $162.69 million. Research analysts forecast that The RealReal, Inc. will post -0.4 earnings per share for the current 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.