Vanguard Group Inc. Acquires 121,626 Shares of The RealReal, Inc. (NASDAQ:REAL)

Vanguard Group Inc. increased its stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,905,132 shares of the company's stock after purchasing an additional 121,626 shares during the quarter. Vanguard Group Inc. owned approximately 4.47% of RealReal worth $53,613,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of REAL. Geode Capital Management LLC boosted its holdings 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 buying an additional 44,716 shares during the period. State Street Corp grew its holdings in RealReal by 22.3% during the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company's stock valued at $5,342,000 after buying an additional 310,116 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of RealReal by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company's stock valued at $2,319,000 after buying an additional 97,700 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of RealReal in the fourth quarter worth about $5,143,000. Finally, Bank of New York Mellon Corp boosted its position in shares of RealReal by 67.7% in the fourth quarter. Bank of New York Mellon Corp now owns 353,941 shares of the company's stock valued at $3,869,000 after acquiring an additional 142,861 shares during the period. 64.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity at RealReal

In related news, CFO Gopal Ajay Madan sold 102,386 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $706,463.40. Following the completion of the transaction, the chief financial officer now directly owns 1,327,198 shares of the company's stock, valued at $9,157,666.20. This represents a 7.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 value of $127,670.70. Following the sale, the insider now directly owns 556,557 shares in the company, valued at approximately $3,840,243.30. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 258,283 shares of company stock valued at $1,782,153. Insiders own 9.78% of the company's stock.

RealReal Price Performance

NASDAQ REAL traded down $0.03 during trading hours on Thursday, reaching $5.11. 504,230 shares of the stock traded hands, compared to its average volume of 3,258,231. The stock has a 50 day simple moving average of $6.15 and a two-hundred day simple moving average of $6.37. The RealReal, Inc. has a 1 year low of $2.24 and a 1 year high of $11.38. The company has a market cap of $567.92 million, a price-to-earnings ratio of -3.96 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 during the quarter, compared to analyst estimates of $162.69 million. On average, sell-side analysts forecast that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

RealReal Company 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.