Anthracite Investment Company Inc. Sells 171,000 Shares of The RealReal, Inc. (NASDAQ:REAL)

Anthracite Investment Company Inc. reduced its stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 22.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 574,304 shares of the company's stock after selling 171,000 shares during the period. RealReal makes up approximately 2.2% of Anthracite Investment Company Inc.'s portfolio, making the stock its 5th biggest position. Anthracite Investment Company Inc. owned about 0.52% of RealReal worth $6,277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of REAL. Vanguard Group Inc. raised its stake in shares of 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 acquiring an additional 121,626 shares during the period. Sei Investments Co. purchased a new stake in RealReal in the fourth quarter valued at approximately $805,000. Quantbot Technologies LP acquired a new position in RealReal during the fourth quarter worth $862,000. Semanteon Capital Management LP acquired a new position in RealReal during the fourth quarter worth $1,565,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of RealReal during the fourth quarter worth $94,000. Hedge funds and other institutional investors own 64.73% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group cut their price objective on RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Northland Securities boosted their price target on shares of RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company raised shares of RealReal from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $8.33.

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Insider Transactions at RealReal

In other RealReal news, insider Luke Thomas Friang sold 18,503 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $127,670.70. Following the transaction, the insider now owns 556,557 shares of the company's stock, valued at approximately $3,840,243.30. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John E. Koryl sold 396,478 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $9.61, for a total value of $3,810,153.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 654,761 shares of company stock valued at $5,592,306. Corporate insiders own 9.78% of the company's stock.

RealReal Trading Down 3.3 %

NASDAQ:REAL traded down $0.19 during mid-day trading on Friday, hitting $5.62. The stock had a trading volume of 2,747,394 shares, compared to its average volume of 2,616,911. The RealReal, Inc. has a twelve month low of $2.24 and a twelve month high of $11.38. The company has a market capitalization of $625.21 million, a PE ratio of -4.36 and a beta of 3.00. The stock has a 50-day simple moving average of $7.34 and a two-hundred day simple moving average of $6.19.

RealReal (NASDAQ:REAL - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.52). The company had revenue of $164.00 million for the quarter, compared to analysts' expectations of $162.69 million. Sell-side analysts predict that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

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.