State Street Corp Buys 310,116 Shares of The RealReal, Inc. (NASDAQ:REAL)

State Street Corp grew its stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 22.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,701,387 shares of the company's stock after purchasing an additional 310,116 shares during the quarter. State Street Corp owned approximately 1.55% of RealReal worth $5,342,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Drive Wealth Management LLC bought a new position in RealReal in the 2nd quarter valued at about $32,000. Evoke Wealth LLC bought a new position in shares of RealReal during the second quarter worth approximately $36,000. Principal Financial Group Inc. acquired a new stake in RealReal during the 2nd quarter worth approximately $39,000. Park Edge Advisors LLC acquired a new stake in RealReal during the 3rd quarter worth approximately $41,000. Finally, Intech Investment Management LLC bought a new stake in RealReal in the 3rd quarter valued at $88,000. Institutional investors and hedge funds own 64.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on REAL shares. UBS Group lifted their target price on RealReal from $3.00 to $3.25 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Northland Capmk upgraded shares of RealReal to a "strong-buy" rating in a research note on Monday, September 16th. Northland Securities increased their target price on shares of RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a research report on Tuesday, December 17th. Finally, Wells Fargo & Company raised shares of RealReal from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $4.00 to $15.00 in a report on Monday, December 9th. 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $7.38.

RealReal Stock Up 2.9 %

Shares of NASDAQ:REAL traded up $0.32 during midday trading on Monday, hitting $11.18. The stock had a trading volume of 4,270,996 shares, compared to its average volume of 2,731,376. The company's 50-day moving average price is $5.93 and its 200-day moving average price is $4.07. The RealReal, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $11.38. The company has a market capitalization of $1.23 billion, a P/E ratio of -12.70 and a beta of 3.09.

Insider Activity at RealReal

In other RealReal news, CAO Steve Ming Lo sold 96,666 shares of RealReal stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $6.10, for a total value of $589,662.60. Following the transaction, the chief accounting officer now owns 391,525 shares in the company, valued at $2,388,302.50. The trade was a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 9.78% of the stock is currently owned by insiders.

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.