Semanteon Capital Management LP Takes $1.57 Million Position in The RealReal, Inc. (NASDAQ:REAL)

Semanteon Capital Management LP acquired a new position in The RealReal, Inc. (NASDAQ:REAL) in the 4th quarter, Holdings Channel reports. The firm acquired 143,181 shares of the company’s stock, valued at approximately $1,565,000. RealReal comprises 0.8% of Semanteon Capital Management LP’s investment portfolio, making the stock its 2nd biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in shares of RealReal in the 4th quarter valued at $49,000. Harvest Fund Management Co. Ltd purchased a new stake in RealReal in the 4th quarter valued at about $94,000. Charles Schwab Investment Management Inc. lifted its position in RealReal by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 284,876 shares of the company’s stock valued at $3,114,000 after buying an additional 9,453 shares during the last quarter. Rhumbline Advisers boosted its stake in RealReal by 7.4% during the fourth quarter. Rhumbline Advisers now owns 143,743 shares of the company’s stock worth $1,571,000 after buying an additional 9,893 shares during the period. Finally, MetLife Investment Management LLC increased its position in shares of RealReal by 43.9% during the third quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock valued at $113,000 after acquiring an additional 10,981 shares during the last quarter. Institutional investors and hedge funds own 64.73% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at RealReal

In other RealReal news, CEO Levesque Rati Sahi sold 113,917 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $786,027.30. Following the sale, the chief executive officer now directly owns 2,307,199 shares in the company, valued at $15,919,673.10. This trade represents a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Steve Ming Lo sold 23,477 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $161,991.30. Following the completion of the transaction, the chief accounting officer now owns 330,117 shares in the company, valued at approximately $2,277,807.30. The trade was a 6.64 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 654,761 shares of company stock valued at $5,592,306. 9.78% of the stock is currently owned by corporate insiders.

RealReal Stock Up 2.1 %

NASDAQ:REAL opened at $6.30 on Friday. The RealReal, Inc. has a 52 week low of $2.24 and a 52 week high of $11.38. The company has a fifty day simple moving average of $7.67 and a two-hundred day simple moving average of $6.00. The company has a market cap of $700.86 million, a price-to-earnings ratio of -4.88 and a beta of 3.00.

RealReal (NASDAQ:REAL) last released its earnings results on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The company had revenue of $164.00 million during the quarter, compared to analysts’ expectations of $162.69 million. On average, analysts expect that The RealReal, Inc. will post -0.4 EPS for the current year.

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.