JPMorgan Chase & Co. Has $4.56 Million Stock Position in The RealReal, Inc. (NASDAQ:REAL)

JPMorgan Chase & Co. decreased its position in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 43.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 417,030 shares of the company's stock after selling 321,589 shares during the period. JPMorgan Chase & Co. owned 0.38% of RealReal worth $4,558,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in REAL. State Street Corp raised its holdings in shares of RealReal by 22.3% in the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company's stock valued at $5,342,000 after buying an additional 310,116 shares during the period. Barclays PLC lifted its holdings in RealReal by 306.7% during the 3rd quarter. Barclays PLC now owns 136,262 shares of the company's stock worth $428,000 after buying an additional 102,759 shares during the last quarter. Aigen Investment Management LP boosted its holdings in RealReal by 513.5% in the fourth quarter. Aigen Investment Management LP now owns 93,550 shares of the company's stock valued at $1,023,000 after purchasing an additional 78,301 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of RealReal by 526.5% in the 3rd quarter. Stifel Financial Corp now owns 129,874 shares of the company's stock valued at $408,000 after buying an additional 109,143 shares in the last quarter. Finally, Stephens Inc. AR acquired a new position in RealReal in the fourth quarter valued at $978,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered their price target on RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a 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 given a strong buy rating to the stock. According to data from MarketBeat, RealReal currently has an average rating of "Moderate Buy" and an average target price of $8.33.

Insider Activity at RealReal

In related news, CEO Levesque Rati Sahi sold 113,917 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $786,027.30. Following the sale, the chief executive officer now owns 2,307,199 shares of the company's stock, valued at $15,919,673.10. The trade was a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Luke Thomas Friang sold 18,503 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $127,670.70. Following the completion of the transaction, the insider now directly owns 556,557 shares in the company, valued at $3,840,243.30. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 258,283 shares of company stock worth $1,782,153 over the last ninety days. 9.78% of the stock is currently owned by corporate insiders.

RealReal Stock Performance

Shares of REAL stock traded down $0.11 on Monday, hitting $5.27. The stock had a trading volume of 1,676,576 shares, compared to its average volume of 2,692,331. The stock's 50 day moving average is $6.05 and its 200-day moving average is $6.46. The firm has a market capitalization of $586.27 million, a price-to-earnings ratio of -4.09 and a beta of 2.90. The RealReal, Inc. has a 52-week low of $2.24 and a 52-week high of $11.38.

RealReal (NASDAQ:REAL - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The company had revenue of $164.00 million during the quarter, compared to analysts' expectations of $162.69 million. Equities analysts expect that The RealReal, Inc. will post -0.4 earnings per share 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.