Invesco Ltd. Buys 848,640 Shares of The RealReal, Inc. (NASDAQ:REAL)

Invesco Ltd. increased its position in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 413.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,053,911 shares of the company's stock after purchasing an additional 848,640 shares during the quarter. Invesco Ltd. owned approximately 0.96% of RealReal worth $11,519,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in RealReal by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 4,905,132 shares of the company's stock valued at $53,613,000 after buying an additional 121,626 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of RealReal by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company's stock worth $25,447,000 after purchasing an additional 33,927 shares during the last quarter. State Street Corp raised its stake in shares of RealReal by 22.3% in the third quarter. State Street Corp now owns 1,701,387 shares of the company's stock worth $5,342,000 after purchasing an additional 310,116 shares during the last quarter. Norges Bank purchased a new position in shares of RealReal in the fourth quarter worth $11,989,000. Finally, Atika Capital Management LLC purchased a new position in shares of RealReal in the fourth quarter worth $8,149,000. Hedge funds and other institutional investors own 64.73% of the company's stock.

Analyst Upgrades and Downgrades

Separately, UBS Group decreased their price target on RealReal from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $8.33.

Insider Buying and Selling

In other RealReal news, CEO Levesque Rati Sahi sold 113,917 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $786,027.30. Following the completion of the sale, the chief executive officer now directly owns 2,307,199 shares of the company's stock, valued at $15,919,673.10. This trade represents a 4.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Luke Thomas Friang sold 18,503 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $127,670.70. Following the sale, the insider now directly owns 556,557 shares of the company's stock, valued at approximately $3,840,243.30. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 Price Performance

RealReal stock traded down $0.10 during mid-day trading on Monday, reaching $6.13. 1,881,934 shares of the stock traded hands, compared to its average volume of 2,705,698. The stock has a market capitalization of $693.27 million, a PE ratio of -4.75 and a beta of 2.90. The RealReal, Inc. has a 12-month low of $2.24 and a 12-month high of $11.38. The business's 50-day moving average is $5.79 and its 200-day moving average is $6.56.

RealReal (NASDAQ:REAL - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.52). The business had revenue of $164.00 million during the quarter, compared to analyst estimates of $162.69 million. Equities analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

RealReal 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.