Rockefeller Capital Management L.P. Makes New $611,000 Investment in The RealReal, Inc. (NASDAQ:REAL)

Rockefeller Capital Management L.P. bought a new position in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 55,920 shares of the company's stock, valued at approximately $611,000. Rockefeller Capital Management L.P. owned about 0.05% of RealReal as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of REAL. Stifel Financial Corp raised its stake in RealReal by 526.5% in the 3rd quarter. Stifel Financial Corp now owns 129,874 shares of the company's stock worth $408,000 after purchasing an additional 109,143 shares in the last quarter. State Street Corp raised its stake 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 purchasing an additional 310,116 shares in the last quarter. Barclays PLC raised its stake in RealReal by 306.7% in the 3rd quarter. Barclays PLC now owns 136,262 shares of the company's stock worth $428,000 after purchasing an additional 102,759 shares in the last quarter. Geode Capital Management LLC raised its stake 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 purchasing an additional 44,716 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in RealReal by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company's stock worth $2,319,000 after purchasing an additional 97,700 shares in the last quarter. Institutional investors and hedge funds own 64.73% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group dropped their price objective on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Two research 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $8.33.

RealReal Trading Down 1.6 %

REAL stock traded down $0.10 during mid-day trading on Monday, hitting $6.13. The stock had a trading volume of 1,881,934 shares, compared to its average volume of 2,705,698. The RealReal, Inc. has a 52 week low of $2.24 and a 52 week high of $11.38. The firm has a market capitalization of $693.27 million, a P/E ratio of -4.75 and a beta of 2.90. The firm has a fifty day simple moving average of $5.79 and a 200 day simple moving average of $6.56.

RealReal (NASDAQ:REAL - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($0.62) 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 analysts' expectations of $162.69 million. As a group, equities analysts expect that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

Insider Buying and Selling at RealReal

In related news, CAO Steve Ming Lo sold 23,477 shares of RealReal 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 $161,991.30. Following the sale, the chief accounting officer now directly owns 330,117 shares of the company's stock, valued at approximately $2,277,807.30. The trade was a 6.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Luke Thomas Friang sold 18,503 shares of RealReal 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 in the company, valued at $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. Insiders have sold a total of 258,283 shares of company stock valued at $1,782,153 in the last ninety days. 9.78% of the stock is currently owned by company insiders.

About RealReal

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.