Marshall Wace LLP Sells 861,816 Shares of The RealReal, Inc. (NASDAQ:REAL)

Marshall Wace LLP lessened its position in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 21.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,166,224 shares of the company's stock after selling 861,816 shares during the quarter. Marshall Wace LLP owned approximately 2.89% of RealReal worth $34,607,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position 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 worth $53,613,000 after purchasing an additional 121,626 shares during the period. Geode Capital Management LLC lifted its position in shares of RealReal by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company's stock worth $25,447,000 after purchasing an additional 33,927 shares during the period. State Street Corp lifted its position 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 worth $5,342,000 after purchasing an additional 310,116 shares during the period. Norges Bank acquired a new position in shares of RealReal in the 4th quarter worth approximately $11,989,000. Finally, Quinn Opportunity Partners LLC lifted its position in shares of RealReal by 233.3% in the 4th quarter. Quinn Opportunity Partners LLC now owns 1,066,057 shares of the company's stock worth $11,652,000 after purchasing an additional 746,172 shares during the period. Institutional investors own 64.73% of the company's stock.

Wall Street Analyst Weigh In

Separately, UBS Group dropped 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. Two investment 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's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $8.33.

Insider Buying and Selling at RealReal

In related news, insider Luke Thomas Friang sold 18,503 shares of RealReal stock in a transaction 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 owns 556,557 shares in the company, valued at $3,840,243.30. This trade represents a 3.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Steve Ming Lo sold 23,477 shares of RealReal stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $161,991.30. Following the completion of the transaction, the chief accounting officer now owns 330,117 shares in the company, valued at approximately $2,277,807.30. The trade was a 6.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 258,283 shares of company stock valued at $1,782,153 in the last three months. Company insiders own 9.78% of the company's stock.

RealReal Price Performance

Shares of RealReal stock traded up $0.35 during trading on Thursday, reaching $6.12. 784,057 shares of the company traded hands, compared to its average volume of 3,226,653. The RealReal, Inc. has a 1-year low of $2.24 and a 1-year high of $11.38. The company has a 50 day moving average price of $5.91 and a 200-day moving average price of $6.46. The firm has a market capitalization of $691.57 million, a PE ratio of -4.74 and a beta of 2.90.

RealReal (NASDAQ:REAL - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share 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 the consensus estimate of $162.69 million. Equities research 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.