Barclays PLC Increases Stock Position in The RealReal, Inc. (NASDAQ:REAL)

Barclays PLC boosted its stake in The RealReal, Inc. (NASDAQ:REAL) by 306.7% during the third quarter, according to the company in its most recent filing with the SEC. 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 approximately 0.12% of RealReal worth $428,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in REAL. Geode Capital Management LLC raised its holdings in RealReal by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company’s stock valued at $7,204,000 after acquiring an additional 44,716 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of RealReal in the 3rd quarter valued at $63,000. Wexford Capital LP acquired a new position in shares of RealReal during the third quarter worth about $942,000. State Street Corp boosted its holdings in RealReal by 22.3% in the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock worth $5,342,000 after acquiring an additional 310,116 shares during the period. Finally, Stifel Financial Corp lifted its position in shares of RealReal by 526.5% during the third quarter. Stifel Financial Corp now owns 129,874 shares of the company’s stock worth $408,000 after purchasing an additional 109,143 shares in the last quarter. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

REAL has been the topic of several recent analyst reports. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $4.00 to $15.00 in a research note on Monday, December 9th. Northland Securities boosted their target price on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Finally, UBS Group increased their price target on shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.38.

Insiders Place Their Bets

In other news, CAO Steve Ming Lo sold 96,666 shares of the business’s stock in a transaction that occurred 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 directly owns 391,525 shares in the company, valued at approximately $2,388,302.50. The trade was a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John E. Koryl sold 396,478 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $9.61, for a total value of $3,810,153.58. The disclosure for this sale can be found here. 9.78% of the stock is owned by corporate insiders.

RealReal Stock Up 0.7 %

Shares of NASDAQ REAL opened at $9.52 on Friday. The firm’s 50-day moving average price is $7.66 and its two-hundred day moving average price is $4.66. The RealReal, Inc. has a 52-week low of $1.52 and a 52-week high of $11.38. The stock has a market capitalization of $1.04 billion, a P/E ratio of -10.82 and a beta of 2.87.

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.