The RealReal, Inc. $REAL Shares Bought by Royce & Associates LP

Royce & Associates LP grew its holdings in The RealReal, Inc. (NASDAQ:REAL) by 12.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 806,306 shares of the company’s stock after buying an additional 89,332 shares during the period. Royce & Associates LP owned 0.70% of RealReal worth $8,571,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Arizona State Retirement System boosted its position in RealReal by 9.6% during the third quarter. Arizona State Retirement System now owns 28,446 shares of the company’s stock worth $302,000 after acquiring an additional 2,496 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in RealReal by 6.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,437 shares of the company’s stock worth $326,000 after purchasing an additional 3,500 shares in the last quarter. Raymond James Financial Inc. lifted its stake in RealReal by 1.9% in the 2nd quarter. Raymond James Financial Inc. now owns 283,850 shares of the company’s stock worth $1,360,000 after purchasing an additional 5,373 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of RealReal during the 3rd quarter worth approximately $59,000. Finally, AlphaQuest LLC grew its position in shares of RealReal by 57.8% in the third quarter. AlphaQuest LLC now owns 17,224 shares of the company’s stock valued at $183,000 after purchasing an additional 6,306 shares in the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other RealReal news, CFO Gopal Ajay Madan sold 31,381 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $10.72, for a total transaction of $336,404.32. Following the completion of the transaction, the chief financial officer owned 1,124,711 shares of the company’s stock, valued at $12,056,901.92. This trade represents a 2.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Todd A. Suko sold 45,947 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total transaction of $492,551.84. Following the completion of the sale, the insider directly owned 560,563 shares in the company, valued at $6,009,235.36. This trade represents a 7.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 235,298 shares of company stock worth $2,522,395. 9.00% of the stock is currently owned by corporate insiders.

RealReal Stock Down 2.0%

REAL stock opened at $11.63 on Wednesday. The RealReal, Inc. has a 52-week low of $4.61 and a 52-week high of $17.39. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -10.67 and a beta of 2.67. The business has a fifty day moving average of $14.34 and a two-hundred day moving average of $12.49.

Analysts Set New Price Targets

A number of equities analysts recently commented on REAL shares. UBS Group lifted their price objective on RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Robert W. Baird upped their target price on RealReal from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, February 27th. BTIG Research reiterated a “buy” rating and set a $18.00 price target on shares of RealReal in a report on Friday, February 27th. Wells Fargo & Company boosted their price target on shares of RealReal from $15.00 to $20.00 and gave the company an “overweight” rating in a research report on Tuesday, December 16th. Finally, William Blair started coverage on shares of RealReal in a research report on Monday, December 15th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, RealReal has a consensus rating of “Moderate Buy” and an average target price of $18.06.

RealReal Company Profile

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.