Barclays PLC Buys 102,759 Shares of The RealReal, Inc. (NASDAQ:REAL)

Barclays PLC lifted its position in The RealReal, Inc. (NASDAQ:REAL) by 306.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,262 shares of the company’s stock after buying an additional 102,759 shares during the quarter. Barclays PLC owned about 0.12% of RealReal worth $428,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Anchorage Capital Advisors L.P. bought a new position in shares of RealReal in the 3rd quarter valued at about $10,675,000. Woodson Capital Management LP grew 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 worth $16,956,000 after purchasing an additional 150,000 shares during the period. State Street Corp increased its position in RealReal by 22.3% during 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 raised its stake in RealReal by 40.4% in the third quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company’s stock valued at $4,417,000 after buying an additional 404,949 shares during the period. Finally, Crestwood Capital Management L.P. lifted its position in shares of RealReal by 20.6% in the third quarter. Crestwood Capital Management L.P. now owns 1,193,501 shares of the company’s stock valued at $3,748,000 after buying an additional 204,226 shares during the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Wells Fargo & Company raised 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 Securities increased their price objective on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Northland Capmk raised shares of RealReal to a “strong-buy” rating in a report on Monday, September 16th. Finally, UBS Group increased 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 equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $7.38.

RealReal Stock Performance

NASDAQ:REAL opened at $9.50 on Friday. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of -10.80 and a beta of 3.09. The RealReal, Inc. has a 52 week low of $1.52 and a 52 week high of $11.38. The firm’s 50-day simple moving average is $6.39 and its 200 day simple moving average is $4.21.

Insider Transactions at RealReal

In related news, CAO Steve Ming Lo sold 96,666 shares of the business’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 9.78% of the company’s stock.

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.