The Manufacturers Life Insurance Company Buys Shares of 38,483 The RealReal, Inc. (NASDAQ:REAL)

The Manufacturers Life Insurance Company purchased a new position in The RealReal, Inc. (NASDAQ:REAL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 38,483 shares of the company’s stock, valued at approximately $123,000.

Other large investors have also recently made changes to their positions in the company. Crown Wealth Group LLC purchased a new position in RealReal in the first quarter valued at about $39,000. Searle & CO. bought a new stake in shares of RealReal in the 1st quarter valued at about $39,000. Drive Wealth Management LLC purchased a new position in shares of RealReal in the 2nd quarter worth approximately $32,000. Calamos Advisors LLC bought a new position in shares of RealReal during the 2nd quarter worth approximately $34,000. Finally, Strata Wealth Advisors LLC bought a new position in shares of RealReal during the 1st quarter worth approximately $43,000. 64.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on REAL shares. Robert W. Baird lowered their target price on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Wedbush dropped their target price on RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Northland Capmk raised RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Northland Securities initiated coverage on RealReal in a report on Monday, September 16th. They issued an “outperform” rating and a $6.00 price target for the company. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $4.40.

Insider Transactions at RealReal

In related news, Director James R. Miller sold 53,526 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $3.24, for a total transaction of $173,424.24. Following the completion of the transaction, the director now owns 157,891 shares of the company’s stock, valued at $511,566.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other RealReal news, Director James R. Miller sold 53,526 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $3.24, for a total transaction of $173,424.24. Following the sale, the director now directly owns 157,891 shares of the company’s stock, valued at approximately $511,566.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Levesque Rati Sahi sold 46,488 shares of RealReal stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total value of $121,333.68. Following the transaction, the president now owns 1,210,375 shares of the company’s stock, valued at $3,159,078.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 169,863 shares of company stock worth $477,394 over the last 90 days. 9.78% of the stock is currently owned by company insiders.

RealReal Stock Performance

RealReal stock opened at $3.05 on Monday. The business’s 50-day simple moving average is $2.87 and its two-hundred day simple moving average is $3.32. The company has a market cap of $330.93 million, a PE ratio of -3.28 and a beta of 2.79. The RealReal, Inc. has a fifty-two week low of $1.26 and a fifty-two week high of $4.64.

RealReal (NASDAQ:REAL) last issued its earnings results on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02. The firm had revenue of $144.93 million during the quarter, compared to analysts’ expectations of $139.85 million. As a group, analysts predict that The RealReal, Inc. will post -0.74 EPS for the current fiscal year.

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.