XTX Topco Ltd Takes Position in The RealReal, Inc. (NASDAQ:REAL)

XTX Topco Ltd acquired a new position in The RealReal, Inc. (NASDAQ:REAL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,953 shares of the company’s stock, valued at approximately $63,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in REAL. Anchorage Capital Advisors L.P. bought a new position in shares of RealReal during the 3rd quarter valued at $10,675,000. Woodson Capital Management LP raised its holdings in RealReal by 2.9% during the third quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock valued at $16,956,000 after buying an additional 150,000 shares in the last quarter. State Street Corp lifted its position in shares of RealReal by 22.3% in the third quarter. State Street Corp now owns 1,701,387 shares of the company’s stock worth $5,342,000 after buying an additional 310,116 shares during the last quarter. Capricorn Fund Managers Ltd boosted its stake in shares of RealReal by 40.4% during the 3rd quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company’s stock worth $4,417,000 after acquiring an additional 404,949 shares in the last quarter. Finally, Crestwood Capital Management L.P. increased its holdings in shares of RealReal by 20.6% during the 3rd quarter. Crestwood Capital Management L.P. now owns 1,193,501 shares of the company’s stock valued at $3,748,000 after acquiring an additional 204,226 shares during the last quarter. Institutional investors own 64.73% of the company’s stock.

Insider Transactions at RealReal

In related news, CAO Steve Ming Lo sold 96,666 shares of RealReal stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $6.10, for a total transaction of $589,662.60. Following the sale, the chief accounting officer now directly owns 391,525 shares of the company’s stock, valued at $2,388,302.50. This trade represents a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 9.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $4.00 to $15.00 in a report on Monday, December 9th. Northland Capmk raised shares of RealReal to a “strong-buy” rating in a report on Monday, September 16th. Northland Securities lifted their target price on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Finally, UBS Group upped their price target on shares of RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Two 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.38.

RealReal Price Performance

NASDAQ:REAL opened at $9.39 on Friday. The RealReal, Inc. has a one year low of $1.52 and a one year high of $9.78. The company has a fifty day moving average price of $5.09 and a 200 day moving average price of $3.79. The stock has a market cap of $1.03 billion, a P/E ratio of -10.67 and a beta of 3.09.

RealReal 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.