HighTower Advisors LLC Sells 3,130 Shares of The RealReal, Inc. (NASDAQ:REAL)

HighTower Advisors LLC lowered its holdings in shares of The RealReal, Inc. (NASDAQ:REAL) by 6.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 49,314 shares of the company’s stock after selling 3,130 shares during the period. HighTower Advisors LLC’s holdings in RealReal were worth $539,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Anchorage Capital Advisors L.P. purchased a new stake in RealReal during the third quarter valued at about $10,675,000. Geode Capital Management LLC boosted its holdings in RealReal by 2.0% during 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 period. State Street Corp grew its position in RealReal by 22.3% during 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 last quarter. JPMorgan Chase & Co. grew its position in RealReal by 15.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company’s stock worth $2,319,000 after acquiring an additional 97,700 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in RealReal in the 4th quarter worth approximately $5,143,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Northland Securities increased their price target 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. Finally, UBS Group cut 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. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $8.33.

RealReal Stock Down 3.3 %

Shares of REAL stock opened at $5.62 on Friday. The firm has a market capitalization of $625.21 million, a price-to-earnings ratio of -4.36 and a beta of 3.00. The stock has a fifty day moving average of $7.34 and a 200 day moving average of $6.19. The RealReal, Inc. has a 52 week low of $2.24 and a 52 week high of $11.38.

RealReal (NASDAQ:REAL) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The business had revenue of $164.00 million for the quarter, compared to analyst estimates of $162.69 million. Equities research analysts anticipate that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Gopal Ajay Madan sold 102,386 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $706,463.40. Following the sale, the chief financial officer now directly owns 1,327,198 shares of the company’s stock, valued at $9,157,666.20. This represents a 7.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Levesque Rati Sahi sold 113,917 shares of the stock in a transaction dated Thursday, February 20th. The stock was 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 654,761 shares of company stock valued at $5,592,306 over the last three months. Corporate insiders own 9.78% of the company’s stock.

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.