Geode Capital Management LLC Raises Stock Holdings in The RealReal, Inc. (NASDAQ:REAL)

Geode Capital Management LLC raised its holdings 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 fund owned 2,327,782 shares of the company’s stock after acquiring an additional 33,927 shares during the quarter. Geode Capital Management LLC owned approximately 2.12% of RealReal worth $25,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of REAL. R Squared Ltd purchased a new position in shares of RealReal in the fourth quarter worth $49,000. XTX Topco Ltd bought a new stake in RealReal in the third quarter worth $63,000. Harvest Fund Management Co. Ltd bought a new position in shares of RealReal during the fourth quarter valued at approximately $94,000. Jag Capital Management LLC purchased a new stake in shares of RealReal during the fourth quarter valued at $126,000. Finally, Olympiad Research LP bought a new position in RealReal in the fourth quarter worth approximately $136,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Luke Thomas Friang sold 18,503 shares of the firm’s 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 owns 556,557 shares of the company’s stock, valued at $3,840,243.30. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a legal 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 that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $161,991.30. Following the completion of the transaction, the chief accounting officer now directly owns 330,117 shares of the company’s stock, valued at $2,277,807.30. This trade represents a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 258,283 shares of company stock worth $1,782,153 over the last ninety days. Corporate insiders own 9.78% of the company’s stock.

Analyst Ratings Changes

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

RealReal Stock Up 4.9 %

NASDAQ REAL opened at $5.38 on Friday. The business’s fifty day simple moving average is $6.10 and its 200-day simple moving average is $6.39. The firm has a market cap of $598.51 million, a PE ratio of -4.17 and a beta of 2.90. The RealReal, Inc. has a 52 week low of $2.24 and a 52 week high of $11.38.

RealReal (NASDAQ:REAL) last posted its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share 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 the consensus estimate of $162.69 million. Research analysts expect that The RealReal, Inc. will post -0.4 EPS for the current year.

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.