The RealReal, Inc. (NASDAQ:REAL) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 15.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 738,619 shares of the company's stock after acquiring an additional 97,700 shares during the quarter. JPMorgan Chase & Co. owned about 0.67% of RealReal worth $2,319,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in REAL. Park Edge Advisors LLC purchased a new position in RealReal in the third quarter valued at approximately $41,000. XTX Topco Ltd acquired a new position in shares of RealReal in the 3rd quarter valued at $63,000. Intech Investment Management LLC purchased a new position in shares of RealReal in the 3rd quarter valued at $88,000. MetLife Investment Management LLC raised its stake in RealReal by 43.9% during the 3rd quarter. MetLife Investment Management LLC now owns 35,970 shares of the company's stock worth $113,000 after acquiring an additional 10,981 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in RealReal in the second quarter valued at $123,000. Institutional investors and hedge funds own 64.73% of the company's stock.

Insider Transactions at RealReal

In other news, CEO John E. Koryl sold 396,478 shares of the stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Steve Ming Lo sold 96,666 shares of RealReal stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 391,525 shares in the company, valued at approximately $2,388,302.50. This trade represents a 19.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.78% of the company's stock.

RealReal Stock Down 5.1 %

REAL stock traded down $0.51 during trading on Wednesday, hitting $9.42. The company had a trading volume of 1,739,645 shares, compared to its average volume of 3,281,850. The RealReal, Inc. has a 1-year low of $1.52 and a 1-year high of $11.38. The firm has a 50-day moving average price of $7.89 and a 200-day moving average price of $4.77. The firm has a market cap of $1.03 billion, a PE ratio of -10.70 and a beta of 2.87.

Analyst Ratings Changes

Several equities analysts have issued reports on REAL shares. Northland Securities raised their price objective on RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a report on Tuesday, December 17th. UBS Group raised their price target on RealReal from $3.00 to $3.25 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company upgraded RealReal from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $7.38.

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.