Geode Capital Management LLC Has $7.20 Million Stock Position in The RealReal, Inc. (NASDAQ:REAL)

Geode Capital Management LLC raised its position in The RealReal, Inc. (NASDAQ:REAL) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,293,855 shares of the company’s stock after purchasing an additional 44,716 shares during the quarter. Geode Capital Management LLC owned approximately 2.09% of RealReal worth $7,204,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Evoke Wealth LLC bought a new stake in shares of RealReal in the 2nd quarter valued at approximately $36,000. Principal Financial Group Inc. acquired a new stake in RealReal in the second quarter valued at approximately $39,000. Park Edge Advisors LLC bought a new stake in RealReal in the third quarter worth approximately $41,000. XTX Topco Ltd acquired a new position in shares of RealReal during the 3rd quarter worth $63,000. Finally, Intech Investment Management LLC bought a new position in shares of RealReal during the 3rd quarter valued at $88,000. 64.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at RealReal

In other news, CAO Steve Ming Lo sold 96,666 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,388,302.50. This represents a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 9.78% of the company’s stock.

RealReal Stock Performance

RealReal stock opened at $9.84 on Friday. The RealReal, Inc. has a 52 week low of $1.52 and a 52 week high of $11.38. The firm has a market capitalization of $1.08 billion, a PE ratio of -11.18 and a beta of 3.09. The business’s 50-day simple moving average is $6.39 and its 200-day simple moving average is $4.21.

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.