Monashee Investment Management LLC Invests $1.50 Million in RealReal Inc (NASDAQ:REAL)

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Monashee Investment Management LLC acquired a new position in RealReal Inc (NASDAQ:REAL) during the second quarter, HoldingsChannel.com reports. The fund acquired 52,000 shares of the company’s stock, valued at approximately $1,503,000.

Several other hedge funds have also made changes to their positions in REAL. FNY Investment Advisers LLC bought a new stake in RealReal during the second quarter worth $63,000. Pendal Group Ltd purchased a new stake in shares of RealReal during the second quarter valued at $146,000. CIBC Private Wealth Group LLC purchased a new stake in shares of RealReal during the second quarter valued at $575,000. Texas Yale Capital Corp. purchased a new stake in shares of RealReal during the second quarter valued at $822,000. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in shares of RealReal during the second quarter valued at $1,444,000. 13.29% of the stock is currently owned by institutional investors and hedge funds.

REAL stock traded down $1.31 during trading on Tuesday, reaching $12.92. The stock had a trading volume of 46,788 shares, compared to its average volume of 1,852,351. RealReal Inc has a 52 week low of $13.88 and a 52 week high of $30.05. The firm’s 50 day moving average is $21.87.

RealReal (NASDAQ:REAL) last posted its earnings results on Tuesday, August 13th. The company reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.06. The firm had revenue of $71.00 million during the quarter, compared to the consensus estimate of $70.10 million. RealReal’s revenue for the quarter was up 51.1% compared to the same quarter last year. On average, sell-side analysts anticipate that RealReal Inc will post -1.24 EPS for the current year.

Several equities research analysts recently commented on the company. KeyCorp assumed coverage on RealReal in a research report on Tuesday, July 23rd. They set an “overweight” rating and a $31.00 price objective on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $30.00 target price on shares of RealReal in a report on Wednesday, August 14th. Bank of America lowered their target price on RealReal from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Raymond James assumed coverage on RealReal in a report on Tuesday, July 23rd. They issued a “market perform” rating on the stock. Finally, UBS Group assumed coverage on RealReal in a report on Tuesday, July 23rd. They issued a “buy” rating and a $30.00 target price on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $29.50.

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Want to see what other hedge funds are holding REAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RealReal Inc (NASDAQ:REAL).

Institutional Ownership by Quarter for RealReal (NASDAQ:REAL)

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