Vanguard Group Inc. Acquires 121,626 Shares of The RealReal, Inc. (NASDAQ:REAL)

Vanguard Group Inc. lifted its holdings in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,905,132 shares of the company's stock after purchasing an additional 121,626 shares during the quarter. Vanguard Group Inc. owned 4.47% of RealReal worth $53,613,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of REAL. R Squared Ltd acquired a new position in RealReal during the 4th quarter worth approximately $49,000. Harvest Fund Management Co. Ltd bought a new stake in shares of RealReal in the fourth quarter worth $94,000. Charles Schwab Investment Management Inc. boosted its holdings 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 purchasing an additional 9,453 shares during the last quarter. Rhumbline Advisers grew its position in 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, Jag Capital Management LLC acquired a new stake in RealReal in the 4th quarter valued at $126,000. Institutional investors own 64.73% of the company's stock.

Insider Buying and Selling

In other news, CEO Levesque Rati Sahi sold 113,917 shares of RealReal stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $786,027.30. Following the transaction, the chief executive officer now owns 2,307,199 shares in the company, valued at approximately $15,919,673.10. This trade represents a 4.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Steve Ming Lo sold 23,477 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $161,991.30. Following the transaction, the chief accounting officer now owns 330,117 shares of the company's stock, valued at approximately $2,277,807.30. This represents a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 258,283 shares of company stock valued at $1,782,153. Insiders own 9.78% of the company's stock.

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RealReal Trading Down 1.5 %

Shares of REAL traded down $0.08 during mid-day trading on Tuesday, reaching $5.09. The company's stock had a trading volume of 2,162,492 shares, compared to its average volume of 2,672,871. The stock has a market cap of $566.25 million, a P/E ratio of -3.95 and a beta of 2.90. The RealReal, Inc. has a 1-year low of $2.24 and a 1-year high of $11.38. The business has a 50-day simple moving average of $6.28 and a two-hundred day simple moving average of $6.39.

RealReal (NASDAQ:REAL - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The business had revenue of $164.00 million for the quarter, compared to analysts' expectations of $162.69 million. Research analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. UBS Group lowered their target price on RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Northland Securities boosted their price target on RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a research report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, RealReal has an average 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.