American Asset Management Inc. lessened its stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 85.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the company's stock after selling 85,000 shares during the period. RealReal makes up about 0.2% of American Asset Management Inc.'s holdings, making the stock its 22nd biggest holding. American Asset Management Inc.'s holdings in RealReal were worth $164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently made changes to their positions in the stock. Park Edge Advisors LLC bought a new position in RealReal during the third quarter valued at approximately $41,000. XTX Topco Ltd bought a new position in shares of RealReal during the 3rd quarter valued at $63,000. Intech Investment Management LLC bought a new stake in RealReal in the third quarter worth $88,000. MetLife Investment Management LLC boosted its position in 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 buying an additional 10,981 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in shares of RealReal during the second quarter valued at about $123,000. Institutional investors own 64.73% of the company's stock.
RealReal Stock Up 4.3 %
NASDAQ:REAL traded up $0.41 during mid-day trading on Tuesday, hitting $9.93. 2,061,510 shares of the company traded hands, compared to its average volume of 3,409,383. The stock's fifty day moving average price is $7.77 and its 200-day moving average price is $4.72. The RealReal, Inc. has a one year low of $1.52 and a one year high of $11.38. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -11.28 and a beta of 2.87.
Insider Activity
In other news, CEO John E. Koryl sold 396,478 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $9.61, for a total value of $3,810,153.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Steve Ming Lo sold 96,666 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $6.10, for a total value of $589,662.60. Following the completion of the sale, the chief accounting officer now owns 391,525 shares of the company's stock, valued at approximately $2,388,302.50. This represents a 19.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.78% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. UBS Group increased their target price on RealReal from $3.00 to $3.25 and gave the company a "neutral" rating in a report on Tuesday, November 5th. 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 research report on Monday, December 9th. Finally, Northland Securities raised their target price on shares of RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, RealReal currently has an average rating of "Moderate Buy" and an average target price of $7.38.
Read Our Latest Stock Analysis on RealReal
About RealReal
(
Free Report)
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.
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