Alliancebernstein L.P. Acquires 47,450 Shares of The RealReal, Inc. (NASDAQ:REAL)

Alliancebernstein L.P. raised its holdings in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 88.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,850 shares of the company's stock after acquiring an additional 47,450 shares during the quarter. Alliancebernstein L.P. owned approximately 0.09% of RealReal worth $1,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of RealReal by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,905,132 shares of the company's stock worth $53,613,000 after purchasing an additional 121,626 shares during the period. Geode Capital Management LLC boosted its holdings in RealReal by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company's stock worth $7,204,000 after buying an additional 44,716 shares during the period. State Street Corp boosted its holdings in RealReal by 22.3% in the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company's stock worth $5,342,000 after buying an additional 310,116 shares during the period. Norges Bank purchased a new position in shares of RealReal in the fourth quarter valued at about $11,989,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of RealReal by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company's stock worth $2,319,000 after acquiring an additional 97,700 shares during the period. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, UBS Group lowered their price target on RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $8.33.

Insider Activity at RealReal

In related news, CEO Levesque Rati Sahi sold 113,917 shares of the firm's 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 completion of the sale, the chief executive officer now directly owns 2,307,199 shares in the company, valued at $15,919,673.10. This trade represents a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Luke Thomas Friang sold 18,503 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $127,670.70. Following the completion of the sale, the insider now owns 556,557 shares of the company's stock, valued at approximately $3,840,243.30. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 258,283 shares of company stock valued at $1,782,153. 9.78% of the stock is owned by corporate insiders.

RealReal Stock Performance

REAL traded up $0.24 during trading on Thursday, reaching $6.01. 486,009 shares of the company traded hands, compared to its average volume of 2,691,533. The firm has a fifty day simple moving average of $5.91 and a 200 day simple moving average of $6.46. The RealReal, Inc. has a 12-month low of $2.24 and a 12-month high of $11.38. The company has a market cap of $679.92 million, a P/E ratio of -4.66 and a beta of 2.90.

RealReal (NASDAQ:REAL - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.52). The company had revenue of $164.00 million for the quarter, compared to analysts' expectations of $162.69 million. As a group, sell-side analysts expect that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

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.