Bank of New York Mellon Corp Grows Position in The RealReal, Inc. (NASDAQ:REAL)

Bank of New York Mellon Corp lifted its stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 67.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 353,941 shares of the company's stock after purchasing an additional 142,861 shares during the quarter. Bank of New York Mellon Corp owned about 0.32% of RealReal worth $3,869,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. R Squared Ltd acquired a new stake in RealReal during the 4th quarter valued at approximately $49,000. Rhumbline Advisers lifted its stake in RealReal by 7.4% during the 4th quarter. Rhumbline Advisers now owns 143,743 shares of the company's stock valued at $1,571,000 after acquiring an additional 9,893 shares during the period. MetLife Investment Management LLC lifted its stake in RealReal by 43.9% during the 3rd quarter. MetLife Investment Management LLC now owns 35,970 shares of the company's stock valued at $113,000 after acquiring an additional 10,981 shares during the period. Fortis Group Advisors LLC lifted its stake in RealReal by 15.1% during the 4th quarter. Fortis Group Advisors LLC now owns 89,380 shares of the company's stock valued at $977,000 after acquiring an additional 11,745 shares during the period. Finally, Olympiad Research LP acquired a new stake in RealReal during the 4th quarter valued at approximately $136,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

REAL has been the subject of several research reports. UBS Group decreased their price objective on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Wells Fargo & Company upgraded shares of RealReal from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Finally, Northland Securities lifted their price objective on shares of RealReal from $6.50 to $12.50 and gave the company an "outperform" rating in a research note on Tuesday, December 17th. Two equities research 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $8.33.

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RealReal Stock Performance

Shares of REAL traded down $0.07 during trading hours on Friday, hitting $6.23. The stock had a trading volume of 3,950,784 shares, compared to its average volume of 2,551,665. The firm has a 50-day moving average price of $7.62 and a 200 day moving average price of $6.03. The RealReal, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $11.38. The firm has a market capitalization of $693.07 million, a price-to-earnings ratio of -4.83 and a beta of 3.00.

RealReal (NASDAQ:REAL - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share (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 analysts' expectations of $162.69 million. As a group, analysts predict that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Gopal Ajay Madan sold 102,386 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 value of $706,463.40. Following the completion of the sale, the chief financial officer now owns 1,327,198 shares of the company's stock, valued at approximately $9,157,666.20. The trade was a 7.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Luke Thomas Friang sold 18,503 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $127,670.70. Following the completion of the sale, the insider now directly owns 556,557 shares of the company's stock, valued at approximately $3,840,243.30. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 654,761 shares of company stock valued at $5,592,306. 9.78% of the stock is owned by corporate insiders.

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.