Anchorage Capital Advisors L.P. Invests $10.68 Million in The RealReal, Inc. (NASDAQ:REAL)

Anchorage Capital Advisors L.P. bought a new stake in The RealReal, Inc. (NASDAQ:REAL) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 22,720,000 shares of the company’s stock, valued at approximately $10,675,000. RealReal accounts for 5.0% of Anchorage Capital Advisors L.P.’s holdings, making the stock its 4th largest holding. Anchorage Capital Advisors L.P. owned 20.71% of RealReal at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in shares of RealReal in the second quarter valued at $1,563,000. Capricorn Fund Managers Ltd lifted its position in RealReal by 40.4% in the 3rd quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company’s stock valued at $4,417,000 after acquiring an additional 404,949 shares in the last quarter. Walleye Capital LLC acquired a new position in RealReal during the 3rd quarter valued at about $1,163,000. NewEdge Advisors LLC increased its holdings in RealReal by 309.9% during the 2nd quarter. NewEdge Advisors LLC now owns 435,554 shares of the company’s stock worth $1,389,000 after purchasing an additional 329,303 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of RealReal in the second quarter worth approximately $915,000. 64.73% of the stock is owned by institutional investors.

RealReal Stock Performance

Shares of REAL stock opened at $5.88 on Friday. The RealReal, Inc. has a 52 week low of $1.52 and a 52 week high of $5.92. The firm’s 50-day simple moving average is $3.63 and its two-hundred day simple moving average is $3.39. The firm has a market cap of $644.98 million, a price-to-earnings ratio of -6.68 and a beta of 2.79.

Analyst Ratings Changes

Several brokerages recently issued reports on REAL. Wedbush cut their target price on RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. UBS Group upped their target price on shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Northland Securities began coverage on shares of RealReal in a research report on Monday, September 16th. They set an “outperform” rating and a $6.00 price target on the stock. Robert W. Baird reduced their price objective on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Northland Capmk raised shares of RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $4.46.

RealReal 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.