Stifel Financial Corp Increases Position in The RealReal, Inc. (NASDAQ:REAL)

Stifel Financial Corp lifted its holdings in shares of The RealReal, Inc. (NASDAQ:REAL) by 526.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 129,874 shares of the company’s stock after buying an additional 109,143 shares during the period. Stifel Financial Corp owned approximately 0.12% of RealReal worth $408,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Drive Wealth Management LLC purchased a new stake in RealReal during the 2nd quarter valued at approximately $32,000. Evoke Wealth LLC purchased a new stake in shares of RealReal during the second quarter worth approximately $36,000. Principal Financial Group Inc. acquired a new stake in shares of RealReal during the second quarter worth $39,000. Park Edge Advisors LLC purchased a new position in RealReal in the 3rd quarter valued at $41,000. Finally, Intech Investment Management LLC acquired a new position in RealReal in the 3rd quarter valued at $88,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal Trading Down 1.2 %

Shares of RealReal stock opened at $10.86 on Friday. The company has a 50-day moving average of $5.77 and a two-hundred day moving average of $4.01. The RealReal, Inc. has a 12-month low of $1.52 and a 12-month high of $11.07. The stock has a market cap of $1.19 billion, a PE ratio of -12.34 and a beta of 3.09.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

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

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.