The RealReal, Inc. (NASDAQ:REAL) Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 15.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 738,619 shares of the company’s stock after buying an additional 97,700 shares during the quarter. JPMorgan Chase & Co. owned 0.67% of RealReal worth $2,319,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Park Edge Advisors LLC acquired a new position in shares of RealReal in the 3rd quarter valued at $41,000. XTX Topco Ltd acquired a new position in shares of RealReal in the 3rd quarter valued at $63,000. Intech Investment Management LLC acquired a new position in shares of RealReal in the 3rd quarter valued at $88,000. MetLife Investment Management LLC boosted its position in shares of RealReal by 43.9% in the 3rd quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock valued at $113,000 after purchasing an additional 10,981 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of RealReal in the 2nd quarter valued at $123,000. Institutional investors own 64.73% of the company’s stock.

RealReal Stock Up 4.3 %

RealReal stock opened at $9.93 on Wednesday. The RealReal, Inc. has a 12 month low of $1.52 and a 12 month high of $11.38. The stock has a market cap of $1.09 billion, a P/E ratio of -11.28 and a beta of 2.87. The company’s fifty day simple moving average is $7.77 and its 200-day simple moving average is $4.72.

Wall Street Analysts Forecast Growth

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

Insider Activity at RealReal

In other news, CAO Steve Ming Lo sold 96,666 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $6.10, for a total transaction of $589,662.60. Following the transaction, the chief accounting officer now owns 391,525 shares in the company, valued at $2,388,302.50. This represents a 19.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John E. Koryl sold 396,478 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $9.61, for a total transaction of $3,810,153.58. The disclosure for this sale can be found here. 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.