Anthracite Investment Company Inc. Has $6.28 Million Position in The RealReal, Inc. (NASDAQ:REAL)

Anthracite Investment Company Inc. reduced its stake in shares of The RealReal, Inc. (NASDAQ:REAL) by 22.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 574,304 shares of the company’s stock after selling 171,000 shares during the quarter. RealReal comprises about 2.2% of Anthracite Investment Company Inc.’s portfolio, making the stock its 5th biggest position. Anthracite Investment Company Inc. owned 0.52% of RealReal worth $6,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of REAL. R Squared Ltd acquired a new position in shares of RealReal during the 4th quarter worth about $49,000. XTX Topco Ltd bought a new position in RealReal in the third quarter valued at approximately $63,000. Intech Investment Management LLC acquired a new position in shares of RealReal in the third quarter valued at approximately $88,000. Harvest Fund Management Co. Ltd bought a new stake in shares of RealReal during the fourth quarter worth $94,000. Finally, MetLife Investment Management LLC raised its holdings in shares of RealReal by 43.9% during the third 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 during the period. Institutional investors and hedge funds own 64.73% of the company’s stock.

Insiders Place Their Bets

In related news, insider Luke Thomas Friang sold 18,503 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $127,670.70. Following the transaction, the insider now owns 556,557 shares in the company, valued at $3,840,243.30. The trade was a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gopal Ajay Madan sold 102,386 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $706,463.40. Following the completion of the transaction, the chief financial officer now directly owns 1,327,198 shares in the company, valued at $9,157,666.20. This represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 654,761 shares of company stock valued at $5,592,306 in the last 90 days. Corporate insiders own 9.78% of the company’s stock.

RealReal Trading Down 7.1 %

Shares of NASDAQ REAL opened at $6.28 on Wednesday. The company has a market capitalization of $698.63 million, a P/E ratio of -4.87 and a beta of 3.00. The RealReal, Inc. has a 12 month low of $2.24 and a 12 month high of $11.38. The stock has a 50 day moving average of $7.55 and a 200-day moving average of $6.14.

RealReal (NASDAQ:REAL) 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. Analysts predict that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on REAL shares. Northland Securities increased their target price on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. UBS Group cut their target price on RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $4.00 to $15.00 in a research note on Monday, December 9th. 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 stock. According to data from MarketBeat, RealReal currently has an average rating of “Moderate Buy” and a consensus price target 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.