Intech Investment Management LLC Invests $88,000 in The RealReal, Inc. (NASDAQ:REAL)

Intech Investment Management LLC acquired a new stake in The RealReal, Inc. (NASDAQ:REAL) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 27,887 shares of the company’s stock, valued at approximately $88,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in REAL. Drive Wealth Management LLC acquired a new stake in shares of RealReal in the 2nd quarter valued at about $32,000. Calamos Advisors LLC acquired a new stake in RealReal in the 2nd quarter valued at approximately $34,000. Evoke Wealth LLC bought a new stake in RealReal in the 2nd quarter valued at approximately $36,000. Principal Financial Group Inc. bought a new stake in RealReal in the 2nd quarter valued at approximately $39,000. Finally, Park Edge Advisors LLC acquired a new position in RealReal during the 3rd quarter worth approximately $41,000. 64.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at RealReal

In related news, CAO Steve Ming Lo sold 96,666 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $6.10, for a total value of $589,662.60. Following the completion of the sale, the chief accounting officer now directly owns 391,525 shares in the company, valued at $2,388,302.50. The trade was a 19.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 9.78% of the stock is currently owned by corporate insiders.

RealReal Trading Up 5.2 %

REAL stock opened at $6.44 on Monday. The RealReal, Inc. has a 1-year low of $1.52 and a 1-year high of $6.57. The business’s 50 day simple moving average is $3.92 and its 200 day simple moving average is $3.44. The firm has a market capitalization of $706.40 million, a PE ratio of -7.32 and a beta of 3.09.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Northland Capmk upgraded shares of RealReal to a “strong-buy” rating in a report on Monday, September 16th. Northland Securities assumed coverage on shares of RealReal in a research note on Monday, September 16th. They issued an “outperform” rating and a $6.00 price target on the stock. Finally, UBS Group increased their price objective on shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.46.

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.