Stephens Inc. AR Purchases New Position in The RealReal, Inc. (NASDAQ:REAL)

Stephens Inc. AR acquired a new stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 89,501 shares of the company's stock, valued at approximately $978,000. Stephens Inc. AR owned 0.08% of RealReal as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Park Edge Advisors LLC purchased a new position in shares of RealReal in the third quarter valued at $41,000. R Squared Ltd purchased a new position in RealReal during the 4th quarter valued at about $49,000. XTX Topco Ltd bought a new stake in shares of RealReal during the third quarter valued at about $63,000. Intech Investment Management LLC purchased a new stake in shares of RealReal in the third quarter worth about $88,000. Finally, MetLife Investment Management LLC lifted its holdings in shares of RealReal by 43.9% in the third quarter. MetLife Investment Management LLC now owns 35,970 shares of the company's stock worth $113,000 after buying an additional 10,981 shares in the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal Price Performance

REAL stock traded up $0.11 during mid-day trading on Monday, hitting $7.99. 3,244,715 shares of the stock were exchanged, compared to its average volume of 2,371,067. The business has a fifty day moving average price of $9.20 and a 200 day moving average price of $5.44. The RealReal, Inc. has a 12 month low of $1.52 and a 12 month high of $11.38. The stock has a market capitalization of $876.42 million, a price-to-earnings ratio of -9.08 and a beta of 2.83.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Northland Securities upped their target price on shares of RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a report on Tuesday, December 17th. UBS Group upped their price target on shares of RealReal from $3.00 to $3.25 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Company upgraded 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. Two 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.38.

Insider Activity

In related news, CAO Steve Ming Lo sold 96,666 shares of RealReal stock in a transaction on Monday, December 2nd. The shares were 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. This trade represents a 19.80 % 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, CEO John E. Koryl sold 396,478 shares of RealReal stock in a transaction on Monday, January 6th. The stock was sold at an average price of $9.61, for a total transaction of $3,810,153.58. The disclosure for this sale can be found here. Corporate insiders own 9.78% of the company's stock.

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.