470,548 Shares in The RealReal, Inc. (NASDAQ:REAL) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 470,548 shares of the company's stock, valued at approximately $5,143,000. Raymond James Financial Inc. owned about 0.43% of RealReal as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Aigen Investment Management LP grew its holdings in shares of RealReal by 513.5% during the 4th quarter. Aigen Investment Management LP now owns 93,550 shares of the company's stock worth $1,023,000 after purchasing an additional 78,301 shares during the period. Jag Capital Management LLC purchased a new position in RealReal during the fourth quarter worth about $126,000. Charles Schwab Investment Management Inc. boosted its stake in RealReal by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 284,876 shares of the company's stock worth $3,114,000 after buying an additional 9,453 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of RealReal during the fourth quarter valued at about $299,000. Finally, Bank of New York Mellon Corp raised its stake in shares of RealReal by 67.7% in the 4th quarter. Bank of New York Mellon Corp now owns 353,941 shares of the company's stock valued at $3,869,000 after acquiring an additional 142,861 shares during the period. Hedge funds and other institutional investors own 64.73% of the company's stock.

RealReal Stock Down 3.3 %

REAL stock traded down $0.19 during midday trading on Friday, hitting $5.62. The company's stock had a trading volume of 2,747,394 shares, compared to its average volume of 2,616,911. The firm has a 50-day simple moving average of $7.34 and a 200-day simple moving average of $6.19. The firm has a market capitalization of $625.21 million, a P/E ratio of -4.36 and a beta of 3.00. The RealReal, Inc. has a 52-week low of $2.24 and a 52-week high of $11.38.

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RealReal (NASDAQ:REAL - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. On average, sell-side analysts expect that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Gopal Ajay Madan sold 102,386 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $706,463.40. Following the transaction, the chief financial officer now owns 1,327,198 shares of the company's stock, valued at $9,157,666.20. This represents a 7.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Steve Ming Lo sold 23,477 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 $161,991.30. Following the sale, the chief accounting officer now directly owns 330,117 shares of the company's stock, valued at $2,277,807.30. This trade represents a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 654,761 shares of company stock worth $5,592,306. 9.78% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on REAL. Wells Fargo & Company raised shares of RealReal from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. Northland Securities lifted their price objective on RealReal from $6.50 to $12.50 and gave the company an "outperform" rating in a research note on Tuesday, December 17th. Finally, UBS Group decreased their target price on RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $8.33.

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.