Sei Investments Co. Acquires Shares of 73,647 The RealReal, Inc. (NASDAQ:REAL)

Sei Investments Co. purchased a new stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 73,647 shares of the company's stock, valued at approximately $805,000. Sei Investments Co. owned approximately 0.07% of RealReal at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. R Squared Ltd purchased a new position in RealReal in the fourth quarter worth $49,000. Harvest Fund Management Co. Ltd bought a new position in RealReal during the fourth quarter worth about $94,000. Charles Schwab Investment Management Inc. grew its stake in RealReal by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 284,876 shares of the company's stock valued at $3,114,000 after buying an additional 9,453 shares in the last quarter. Rhumbline Advisers grew its position in shares of RealReal by 7.4% in the fourth quarter. Rhumbline Advisers now owns 143,743 shares of the company's stock valued at $1,571,000 after purchasing an additional 9,893 shares in the last quarter. Finally, MetLife Investment Management LLC grew 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 buying an additional 10,981 shares in the last quarter. Institutional investors own 64.73% of the company's stock.

Insiders Place Their Bets

In other RealReal news, insider Luke Thomas Friang sold 18,503 shares of the firm'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 $127,670.70. Following the sale, the insider now owns 556,557 shares of the company's stock, valued at $3,840,243.30. This trade represents a 3.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Steve Ming Lo sold 23,477 shares of the company's 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 $161,991.30. Following the transaction, the chief accounting officer now directly owns 330,117 shares of the company's stock, valued at $2,277,807.30. The trade was a 6.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 258,283 shares of company stock valued at $1,782,153 in the last ninety days. Company insiders own 9.78% of the company's stock.

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RealReal Stock Performance

Shares of REAL stock traded down $0.15 on Friday, hitting $4.99. 2,063,219 shares of the company's stock traded hands, compared to its average volume of 2,675,151. The stock has a market capitalization of $555.12 million, a price-to-earnings ratio of -3.87 and a beta of 2.90. The company's fifty day simple moving average is $6.35 and its 200 day simple moving average is $6.38. The RealReal, Inc. has a one year low of $2.24 and a one year 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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.52). The firm had revenue of $164.00 million during the quarter, compared to analysts' expectations of $162.69 million. As a group, sell-side analysts anticipate that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on REAL shares. Northland Securities boosted their target price on RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a research report on Tuesday, December 17th. UBS Group cut their target price on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $8.33.

About RealReal

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.