Balyasny Asset Management L.P. Lowers Stake in The RealReal, Inc. (NASDAQ:REAL)

Balyasny Asset Management L.P. reduced its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 96.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,089 shares of the company’s stock after selling 638,153 shares during the quarter. Balyasny Asset Management L.P.’s holdings in RealReal were worth $263,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of RealReal by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 4,905,132 shares of the company’s stock worth $53,613,000 after purchasing an additional 121,626 shares during the last quarter. Geode Capital Management LLC raised its position in shares of RealReal by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company’s stock worth $25,447,000 after purchasing an additional 33,927 shares during the last quarter. Norges Bank acquired a new position in shares of RealReal during the 4th quarter worth about $11,989,000. Quinn Opportunity Partners LLC raised its position in shares of RealReal by 233.3% during the 4th quarter. Quinn Opportunity Partners LLC now owns 1,066,057 shares of the company’s stock worth $11,652,000 after purchasing an additional 746,172 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of RealReal by 413.4% during the 4th quarter. Invesco Ltd. now owns 1,053,911 shares of the company’s stock worth $11,519,000 after purchasing an additional 848,640 shares during the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, UBS Group upped their price target on shares of RealReal from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Friday, May 9th. Two 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $8.40.

RealReal Trading Up 4.0%

REAL stock opened at $5.48 on Friday. The company has a market cap of $619.76 million, a price-to-earnings ratio of -4.25 and a beta of 2.61. The RealReal, Inc. has a 12 month low of $2.24 and a 12 month high of $11.38. The firm has a 50-day moving average of $5.73 and a two-hundred day moving average of $6.82.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The business had revenue of $160.03 million for the quarter, compared to the consensus estimate of $159.98 million. As a group, equities analysts forecast that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Insider Buying and Selling at RealReal

In other news, insider Luke Thomas Friang sold 18,503 shares of the firm’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 transaction of $127,670.70. Following the completion of the sale, the insider now owns 556,557 shares in the company, valued at $3,840,243.30. This trade represents a 3.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Levesque Rati Sahi sold 113,917 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $786,027.30. Following the sale, the chief executive officer now owns 2,307,199 shares of the company’s stock, valued at $15,919,673.10. This represents a 4.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 258,283 shares of company stock worth $1,782,153. Insiders own 9.78% of the company’s stock.

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.