Alliancebernstein L.P. Increases Holdings in The RealReal, Inc. (NASDAQ:REAL)

Alliancebernstein L.P. lifted its position in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 88.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,850 shares of the company's stock after acquiring an additional 47,450 shares during the quarter. Alliancebernstein L.P. owned approximately 0.09% of RealReal worth $1,102,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in RealReal by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 4,905,132 shares of the company's stock valued at $53,613,000 after buying an additional 121,626 shares during the last quarter. Geode Capital Management LLC lifted its holdings in RealReal by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company's stock worth $7,204,000 after acquiring an additional 44,716 shares during the period. State Street Corp boosted its position in RealReal by 22.3% in the third quarter. State Street Corp now owns 1,701,387 shares of the company's stock worth $5,342,000 after purchasing an additional 310,116 shares during the last quarter. Norges Bank bought a new position in RealReal in the 4th quarter valued at $11,989,000. Finally, JPMorgan Chase & Co. raised its stake in shares of RealReal by 15.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company's stock worth $2,319,000 after purchasing an additional 97,700 shares during the period. Hedge funds and other institutional investors own 64.73% of the company's stock.

Insider Activity at RealReal

In other news, CEO Levesque Rati Sahi sold 113,917 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $786,027.30. Following the completion of the transaction, the chief executive officer now directly owns 2,307,199 shares in the company, valued at $15,919,673.10. The trade was a 4.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Steve Ming Lo sold 23,477 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $161,991.30. Following the completion of the sale, the chief accounting officer now owns 330,117 shares in the company, valued at $2,277,807.30. This trade represents a 6.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 258,283 shares of company stock worth $1,782,153. 9.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, UBS Group reduced their price target on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Two investment 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $8.33.

RealReal Price Performance

NASDAQ:REAL traded down $0.11 on Monday, reaching $5.27. 1,676,576 shares of the company's stock were exchanged, compared to its average volume of 2,692,331. The stock has a fifty day simple moving average of $6.05 and a 200-day simple moving average of $6.46. The RealReal, Inc. has a 52 week low of $2.24 and a 52 week high of $11.38. The firm has a market cap of $586.27 million, a price-to-earnings ratio of -4.09 and a beta of 2.90.

RealReal (NASDAQ:REAL - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $162.69 million. As a group, sell-side analysts predict that The RealReal, Inc. will post -0.4 EPS 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.