State Street Corp Increases Stock Holdings in The RealReal, Inc. (NASDAQ:REAL)

State Street Corp boosted its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 22.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,701,387 shares of the company’s stock after acquiring an additional 310,116 shares during the period. State Street Corp owned 1.55% of RealReal worth $5,342,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Crestwood Capital Management L.P. grew its position in shares of RealReal by 20.6% during the 3rd quarter. Crestwood Capital Management L.P. now owns 1,193,501 shares of the company’s stock valued at $3,748,000 after purchasing an additional 204,226 shares in the last quarter. Anthracite Investment Company Inc. increased its position in shares of RealReal by 62.0% in the third quarter. Anthracite Investment Company Inc. now owns 745,304 shares of the company’s stock worth $2,340,000 after purchasing an additional 285,304 shares during the last quarter. Woodson Capital Management LP raised its stake in RealReal by 2.9% in the third quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock valued at $16,956,000 after purchasing an additional 150,000 shares in the last quarter. Renaissance Technologies LLC bought a new stake in RealReal during the second quarter valued at approximately $1,563,000. Finally, Walleye Capital LLC purchased a new position in RealReal in the 3rd quarter worth approximately $1,163,000. Institutional investors own 64.73% of the company’s stock.

RealReal Stock Performance

Shares of REAL stock opened at $10.86 on Monday. The company has a market capitalization of $1.19 billion, a P/E ratio of -12.34 and a beta of 3.09. The RealReal, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $11.07. The stock has a 50 day moving average price of $5.77 and a two-hundred day moving average price of $4.01.

Insider Transactions at RealReal

In other RealReal news, CAO Steve Ming Lo sold 96,666 shares of the company’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 owns 391,525 shares of the company’s stock, valued at $2,388,302.50. This represents a 19.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 9.78% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on REAL shares. Northland Capmk raised shares of RealReal to a “strong-buy” rating in a report on Monday, September 16th. UBS Group lifted their price target on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Wells Fargo & Company upgraded 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 report on Monday, December 9th. Finally, Northland Securities boosted their target price on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $7.38.

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.