The RealReal, Inc. (NASDAQ:REAL) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,327,782 shares of the company’s stock after buying an additional 33,927 shares during the period. Geode Capital Management LLC’s holdings in RealReal were worth $25,447,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in RealReal during the fourth quarter worth $11,989,000. Raymond James Financial Inc. acquired a new position in RealReal during the 4th quarter valued at about $5,143,000. State Street Corp grew its position 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 during the last quarter. Royce & Associates LP acquired a new stake in shares of RealReal in the fourth quarter valued at approximately $2,049,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of RealReal during the fourth quarter worth approximately $1,678,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.

RealReal Stock Performance

NASDAQ REAL opened at $5.38 on Friday. The RealReal, Inc. has a twelve month low of $2.24 and a twelve month high of $11.38. The stock has a market cap of $598.51 million, a price-to-earnings ratio of -4.17 and a beta of 2.90. The firm’s 50 day moving average price is $6.10 and its two-hundred day moving average price is $6.39.

RealReal (NASDAQ:REAL) last announced its quarterly 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 company had revenue of $164.00 million during the quarter, compared to analyst estimates of $162.69 million. On average, research analysts forecast that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, UBS Group decreased their price target on RealReal from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, RealReal currently has an average rating of “Moderate Buy” and a consensus price target of $8.33.

Insider Buying and Selling

In related news, insider Luke Thomas Friang sold 18,503 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $127,670.70. Following the sale, the insider now owns 556,557 shares of the company’s stock, valued at $3,840,243.30. The trade was a 3.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Steve Ming Lo sold 23,477 shares of the company’s stock in a transaction dated 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 $2,277,807.30. This represents a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 258,283 shares of company stock valued at $1,782,153. Insiders own 9.78% of the company’s stock.

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.