89,501 Shares in The RealReal, Inc. (NASDAQ:REAL) Bought by Stephens Inc. AR

Stephens Inc. AR bought a new position in The RealReal, Inc. (NASDAQ:REAL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 89,501 shares of the company’s stock, valued at approximately $978,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Park Edge Advisors LLC acquired a new position in RealReal in the 3rd quarter worth $41,000. R Squared Ltd acquired a new position in RealReal in the 4th quarter worth $49,000. XTX Topco Ltd acquired a new position in RealReal in the 3rd quarter worth $63,000. Intech Investment Management LLC bought a new stake in RealReal during the 3rd quarter worth about $88,000. Finally, MetLife Investment Management LLC lifted its position 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 buying an additional 10,981 shares in the last quarter. 64.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on REAL shares. Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. UBS Group boosted their price target on shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Northland Securities boosted their price target 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. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.38.

RealReal Stock Performance

Shares of REAL stock opened at $7.88 on Friday. The firm’s 50-day moving average is $9.14 and its 200-day moving average is $5.37. The stock has a market cap of $864.36 million, a price-to-earnings ratio of -8.95 and a beta of 2.83. The RealReal, Inc. has a 52-week low of $1.52 and a 52-week high of $11.38.

Insider Activity

In other news, CAO Steve Ming Lo sold 96,666 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $6.10, for a total value of $589,662.60. Following the sale, the chief accounting officer now directly owns 391,525 shares of the company’s stock, valued at approximately $2,388,302.50. This represents a 19.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John E. Koryl sold 396,478 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were 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. 9.78% of the stock is 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.