Bank of New York Mellon Corp Makes New $4.52 Million Investment in The RealReal, Inc. $REAL

Bank of New York Mellon Corp bought a new stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 383,708 shares of the company's stock, valued at approximately $4,524,000. Bank of New York Mellon Corp owned about 0.32% of RealReal at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Quarry LP acquired a new stake in RealReal during the third quarter worth $28,000. KBC Group NV acquired a new position in shares of RealReal in the 1st quarter valued at $26,000. Larson Financial Group LLC purchased a new position in shares of RealReal during the 3rd quarter worth $31,000. Gables Capital Management Inc. purchased a new position in shares of RealReal during the 1st quarter worth $35,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of RealReal by 25.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company's stock worth $57,000 after purchasing an additional 1,253 shares during the last quarter. Hedge funds and other institutional investors own 64.73% of the company's stock.

RealReal Price Performance

Shares of NASDAQ:REAL opened at $9.86 on Friday. The firm has a market capitalization of $1.20 billion, a PE ratio of -8.80 and a beta of 2.71. The RealReal, Inc. has a 1 year low of $8.02 and a 1 year high of $17.39. The firm's 50-day moving average is $11.35 and its two-hundred day moving average is $10.80.

RealReal (NASDAQ:REAL - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $192.57 million for the quarter, compared to analysts' expectations of $188.11 million. The firm's quarterly revenue was up 16.6% on a year-over-year basis. Analysts expect that The RealReal, Inc. will post -0.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Levesque Sahi sold 84,432 shares of RealReal stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.98, for a total transaction of $927,063.36. Following the completion of the sale, the chief executive officer directly owned 1,496,844 shares of the company's stock, valued at approximately $16,435,347.12. The trade was a 5.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Steve Lo sold 12,559 shares of the business's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.97, for a total transaction of $137,772.23. Following the transaction, the chief accounting officer owned 176,910 shares of the company's stock, valued at approximately $1,940,702.70. The trade was a 6.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 173,004 shares of company stock worth $1,899,283. 2.66% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

REAL has been the topic of several research analyst reports. UBS Group boosted their price objective on shares of RealReal from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Roth Capital reiterated a "buy" rating and set a $19.00 price target on shares of RealReal in a research report on Friday, August 7th. Weiss Ratings reissued a "sell (d-)" rating on shares of RealReal in a research note on Friday, July 17th. Finally, BTIG Research restated a "buy" rating and issued a $17.00 price objective on shares of RealReal in a report on Wednesday, June 3rd. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $17.75.

About RealReal

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.

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