Bank of New York Mellon Corp Acquires Shares of 286,944 The RealReal, Inc. (NASDAQ:REAL)

Bank of New York Mellon Corp bought a new position in shares of The RealReal, Inc. (NASDAQ:REAL) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 286,944 shares of the company’s stock, valued at approximately $915,000. Bank of New York Mellon Corp owned 0.27% of RealReal as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Calamos Advisors LLC bought a new stake in RealReal during the 2nd quarter valued at $34,000. Crown Wealth Group LLC bought a new stake in shares of RealReal during the first quarter worth about $39,000. Searle & CO. acquired a new stake in shares of RealReal in the 1st quarter worth about $39,000. Game Plan Financial Advisors LLC lifted its position in RealReal by 233.3% in the 1st quarter. Game Plan Financial Advisors LLC now owns 10,000 shares of the company’s stock valued at $39,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Chicago Partners Investment Group LLC bought a new position in RealReal in the 4th quarter valued at about $40,000. 64.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

REAL has been the subject of several analyst reports. Northland Securities assumed coverage on RealReal in a research note on Monday, September 16th. They issued an “outperform” rating and a $6.00 price objective for the company. Robert W. Baird lowered their price target on RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Northland Capmk upgraded RealReal to a “strong-buy” rating in a research note on Monday, September 16th. Finally, Wedbush reduced their target price on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, RealReal presently has an average rating of “Moderate Buy” and a consensus price target of $4.40.

Insider Activity

In related news, Director James R. Miller sold 53,526 shares of RealReal stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $3.24, for a total value of $173,424.24. Following the sale, the director now owns 157,891 shares of the company’s stock, valued at approximately $511,566.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other RealReal news, Director James R. Miller sold 53,526 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $3.24, for a total value of $173,424.24. Following the completion of the sale, the director now directly owns 157,891 shares of the company’s stock, valued at $511,566.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Levesque Rati Sahi sold 46,488 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total value of $121,333.68. Following the completion of the sale, the president now owns 1,210,375 shares in the company, valued at $3,159,078.75. The disclosure for this sale can be found here. Insiders sold 169,863 shares of company stock valued at $477,394 in the last three months. Company insiders own 9.78% of the company’s stock.

RealReal Price Performance

Shares of NASDAQ:REAL opened at $3.24 on Friday. The RealReal, Inc. has a 1 year low of $1.26 and a 1 year high of $4.64. The company has a market capitalization of $351.54 million, a PE ratio of -2.84 and a beta of 2.80. The business has a fifty day moving average price of $2.92 and a two-hundred day moving average price of $3.37.

RealReal (NASDAQ:REAL) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.02. The company had revenue of $144.93 million for the quarter, compared to the consensus estimate of $139.85 million. Sell-side analysts anticipate that The RealReal, Inc. will post -0.74 earnings per share for the current 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.