Bank of America Corp DE trimmed its holdings in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 8.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,042,488 shares of the company's stock after selling 95,927 shares during the period. Bank of America Corp DE owned approximately 0.95% of RealReal worth $11,394,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. R Squared Ltd bought a new position in RealReal during the fourth quarter worth about $49,000. Stephens Inc. AR acquired a new stake in shares of RealReal in the 4th quarter valued at $978,000. Rhumbline Advisers grew its holdings in shares of RealReal by 7.4% in the 4th quarter. Rhumbline Advisers now owns 143,743 shares of the company's stock worth $1,571,000 after purchasing an additional 9,893 shares during the last quarter. Fortis Group Advisors LLC increased its position in shares of RealReal by 15.1% during the 4th quarter. Fortis Group Advisors LLC now owns 89,380 shares of the company's stock worth $977,000 after purchasing an additional 11,745 shares in the last quarter. Finally, Olympiad Research LP bought a new position in RealReal during the 4th quarter valued at about $136,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.
RealReal Trading Down 0.6%
Shares of RealReal stock traded down $0.04 during midday trading on Wednesday, reaching $5.44. The company had a trading volume of 258,107 shares, compared to its average volume of 2,824,166. The stock has a fifty day simple moving average of $5.65 and a 200 day simple moving average of $6.91. The RealReal, Inc. has a 1-year low of $2.24 and a 1-year high of $11.38. The company has a market capitalization of $614.67 million, a price-to-earnings ratio of -4.22 and a beta of 2.61.
RealReal (NASDAQ:REAL - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The company had revenue of $160.03 million during the quarter, compared to analyst estimates of $159.98 million. Sell-side analysts expect that The RealReal, Inc. will post -0.4 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, UBS Group boosted their price objective on RealReal from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $8.40.
Read Our Latest Research Report on REAL
About RealReal
(
Free Report)
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.
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