Northern Trust Corp Raises Holdings in The RealReal, Inc. (NASDAQ:REAL)

Northern Trust Corp increased its stake in The RealReal, Inc. (NASDAQ:REAL) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 825,849 shares of the company’s stock after acquiring an additional 39,097 shares during the period. Northern Trust Corp’s holdings in RealReal were worth $9,027,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP grew its position in RealReal by 120.1% in the fourth quarter. Quarry LP now owns 2,875 shares of the company’s stock worth $31,000 after acquiring an additional 1,569 shares in the last quarter. R Squared Ltd bought a new stake in RealReal in the fourth quarter worth about $49,000. Harvest Fund Management Co. Ltd bought a new stake in RealReal in the fourth quarter worth about $94,000. Jag Capital Management LLC bought a new stake in RealReal in the fourth quarter worth about $126,000. Finally, Olympiad Research LP bought a new stake in RealReal in the fourth quarter worth about $136,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal Price Performance

Shares of NASDAQ REAL opened at $5.48 on Monday. The firm has a 50-day simple moving average of $5.73 and a two-hundred day simple moving average of $6.85. 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 $619.76 million, a P/E ratio of -4.25 and a beta of 2.61.

RealReal (NASDAQ:REAL) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $160.03 million for the quarter, compared to analysts’ expectations of $159.98 million. As a group, equities research analysts expect that The RealReal, Inc. will post -0.4 EPS for the current year.

Insider Activity

In other news, 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 completion of the sale, the insider now owns 556,557 shares of the company’s stock, valued at approximately $3,840,243.30. The trade was a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 $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 quarter, insiders sold 258,283 shares of company stock valued at $1,782,153. Corporate insiders own 9.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised their price objective on shares of RealReal from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $8.40.

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.