Headlands Technologies LLC acquired a new stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 112,866 shares of the company's stock, valued at approximately $1,234,000. Headlands Technologies LLC owned 0.10% of RealReal at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. R Squared Ltd bought a new stake in RealReal in the fourth quarter valued at $49,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of RealReal in the 4th quarter valued at $94,000. Charles Schwab Investment Management Inc. grew its holdings in shares of RealReal by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 284,876 shares of the company's stock worth $3,114,000 after purchasing an additional 9,453 shares during the last quarter. Rhumbline Advisers increased its position in shares of RealReal by 7.4% during the 4th quarter. Rhumbline Advisers now owns 143,743 shares of the company's stock worth $1,571,000 after purchasing an additional 9,893 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings 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 purchasing an additional 10,981 shares during the last quarter. 64.73% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
REAL has been the subject of a number of recent analyst reports. Wells Fargo & Company raised RealReal from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $4.00 to $15.00 in a report on Monday, December 9th. UBS Group reduced their price target on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Finally, Northland Securities raised their price objective on shares of RealReal from $6.50 to $12.50 and gave the company an "outperform" rating in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $8.33.
Read Our Latest Research Report on REAL
Insider Buying and Selling
In related news, CFO Gopal Ajay Madan sold 102,386 shares of RealReal stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $706,463.40. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Luke Thomas Friang sold 18,503 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $127,670.70. Following the transaction, the insider now directly owns 556,557 shares of the company's stock, valued at $3,840,243.30. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 654,761 shares of company stock worth $5,592,306. 9.78% of the stock is owned by insiders.
RealReal Price Performance
Shares of REAL traded up $0.02 during midday trading on Friday, hitting $5.29. The stock had a trading volume of 4,894,496 shares, compared to its average volume of 2,639,818. The firm has a market cap of $588.50 million, a price-to-earnings ratio of -4.10 and a beta of 2.90. The company has a 50 day simple moving average of $6.93 and a two-hundred day simple moving average of $6.28. The RealReal, Inc. has a twelve month low of $2.24 and a twelve month high of $11.38.
RealReal (NASDAQ:REAL - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The business had revenue of $164.00 million during the quarter, compared to analysts' expectations of $162.69 million. Analysts forecast that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.
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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