Oppenheimer & Co. Inc. Takes Position in The RealReal, Inc. (NASDAQ:REAL)

Oppenheimer & Co. Inc. acquired a new stake in shares of The RealReal, Inc. (NASDAQ:REAL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 27,364 shares of the company’s stock, valued at approximately $299,000.

Several other institutional investors and hedge funds have also recently modified their holdings of REAL. Anchorage Capital Advisors L.P. bought a new stake in RealReal in the 3rd quarter valued at $10,675,000. Walleye Capital LLC bought a new stake in RealReal in the 3rd quarter valued at $1,163,000. State Street Corp increased 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 valued at $5,342,000 after acquiring an additional 310,116 shares during the last quarter. Wexford Capital LP bought a new stake in RealReal in the 3rd quarter valued at $942,000. Finally, Anthracite Investment Company Inc. increased its holdings in RealReal by 62.0% in the 3rd quarter. Anthracite Investment Company Inc. now owns 745,304 shares of the company’s stock valued at $2,340,000 after acquiring an additional 285,304 shares during the last quarter. 64.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on REAL shares. Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $4.00 to $15.00 in a report on Monday, December 9th. UBS Group reduced their price target on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Finally, Northland Securities lifted their price target on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, RealReal presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.33.

RealReal Stock Up 1.5 %

RealReal stock opened at $5.40 on Friday. The company’s 50-day moving average price is $8.41 and its 200-day moving average price is $5.83. The RealReal, Inc. has a twelve month low of $2.24 and a twelve month high of $11.38. The company has a market cap of $600.73 million, a PE ratio of -4.19 and a beta of 3.00.

RealReal (NASDAQ:REAL) last posted its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The firm had revenue of $164.00 million for the quarter, compared to analysts’ expectations of $162.69 million. As a group, sell-side analysts expect that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Levesque Rati Sahi sold 113,917 shares of RealReal stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $786,027.30. Following the completion of the transaction, the chief executive officer now directly owns 2,307,199 shares of the company’s stock, valued at approximately $15,919,673.10. The trade was a 4.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gopal Ajay Madan sold 102,386 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $706,463.40. Following the completion of the sale, the chief financial officer now directly owns 1,327,198 shares of the company’s stock, valued at approximately $9,157,666.20. This trade represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 654,761 shares of company stock valued at $5,592,306. Company 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.