Vanguard Group Inc. Has $63.03 Million Stake in The RealReal, Inc. $REAL

Vanguard Group Inc. boosted its holdings in The RealReal, Inc. (NASDAQ:REAL) by 7.7% in the third quarter, Holdings Channel reports. The firm owned 5,929,807 shares of the company’s stock after purchasing an additional 425,674 shares during the quarter. Vanguard Group Inc. owned about 0.05% of RealReal worth $63,034,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Think Investments LP bought a new stake in RealReal during the 2nd quarter worth about $4,299,000. AQR Capital Management LLC grew its holdings in shares of RealReal by 589.2% in the 1st quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock valued at $4,786,000 after acquiring an additional 759,160 shares in the last quarter. Jump Financial LLC grew its holdings in shares of RealReal by 134.3% in the 2nd quarter. Jump Financial LLC now owns 1,078,404 shares of the company’s stock valued at $5,166,000 after acquiring an additional 618,204 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of RealReal by 2,998.5% in the third quarter. New York State Common Retirement Fund now owns 638,288 shares of the company’s stock valued at $6,785,000 after acquiring an additional 617,688 shares during the last quarter. Finally, Cannell Capital LLC increased its position in shares of RealReal by 75.3% in the second quarter. Cannell Capital LLC now owns 1,429,207 shares of the company’s stock valued at $6,846,000 after acquiring an additional 613,845 shares during the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

RealReal Stock Performance

RealReal stock opened at $11.31 on Friday. The RealReal, Inc. has a 52 week low of $4.61 and a 52 week high of $17.39. The stock has a market capitalization of $1.35 billion, a P/E ratio of -10.38 and a beta of 2.67. The stock has a 50-day simple moving average of $14.07 and a 200 day simple moving average of $12.51.

Insider Transactions at RealReal

In related news, insider Todd A. Suko sold 45,947 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $10.72, for a total transaction of $492,551.84. Following the transaction, the insider directly owned 560,563 shares of the company’s stock, valued at approximately $6,009,235.36. The trade was a 7.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Levesque Rati Sahi sold 121,399 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total value of $1,301,397.28. Following the completion of the sale, the chief executive officer owned 1,482,779 shares in the company, valued at approximately $15,895,390.88. This trade represents a 7.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 235,298 shares of company stock valued at $2,522,395. Company insiders own 9.00% of the company’s stock.

Wall Street Analyst Weigh In

REAL has been the subject of several recent research reports. KeyCorp increased their price target on RealReal from $16.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. UBS Group boosted their price target on RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. BTIG Research reiterated a “buy” rating and set a $18.00 price objective on shares of RealReal in a research note on Friday, February 27th. Robert W. Baird raised their target price on shares of RealReal from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, February 27th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, RealReal presently has an average rating of “Moderate Buy” and a consensus target price of $18.06.

RealReal Profile

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.