1,096,912 Shares in The RealReal, Inc. (NASDAQ:REAL) Purchased by Norges Bank

Norges Bank purchased a new position in The RealReal, Inc. (NASDAQ:REAL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,096,912 shares of the company's stock, valued at approximately $11,989,000. Norges Bank owned about 1.00% of RealReal at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in 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. Sei Investments Co. bought a new position in shares of RealReal during the fourth quarter worth $805,000. Quantbot Technologies LP purchased a new position in RealReal during the fourth quarter valued at $862,000. Semanteon Capital Management LP bought a new stake in RealReal in the 4th quarter valued at $1,565,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of RealReal in the fourth quarter worth about $94,000. Institutional investors own 64.73% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. UBS Group dropped their price target on RealReal from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Northland Securities raised their price objective on shares of RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $8.33.

RealReal Stock Performance

NASDAQ REAL traded down $0.15 on Friday, reaching $4.99. 2,063,219 shares of the stock traded hands, compared to its average volume of 2,674,409. The RealReal, Inc. has a 12 month low of $2.24 and a 12 month high of $11.38. The company has a fifty day moving average price of $6.35 and a 200-day moving average price of $6.36. The company has a market cap of $555.12 million, a price-to-earnings ratio of -3.87 and a beta of 2.90.

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

Insider Activity

In other news, insider Luke Thomas Friang sold 18,503 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $127,670.70. Following the completion of the sale, the insider now owns 556,557 shares in the company, valued at approximately $3,840,243.30. This represents a 3.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Steve Ming Lo sold 23,477 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $161,991.30. Following the sale, the chief accounting officer now directly owns 330,117 shares in the company, valued at approximately $2,277,807.30. This represents a 6.64 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 258,283 shares of company stock worth $1,782,153. Corporate insiders own 9.78% of the company's stock.

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.