Vanguard Group Inc. Has $63.03 Million Stock Holdings in The RealReal, Inc. $REAL

Vanguard Group Inc. lifted its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 7.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,929,807 shares of the company’s stock after purchasing an additional 425,674 shares during the quarter. Vanguard Group Inc. owned 5.15% of RealReal worth $63,034,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. acquired a new stake in RealReal during the 3rd quarter worth $2,177,000. Alberta Investment Management Corp bought a new position in RealReal during the second quarter worth about $115,000. Teacher Retirement System of Texas grew its stake in RealReal by 217.7% in the second quarter. Teacher Retirement System of Texas now owns 35,769 shares of the company’s stock valued at $171,000 after acquiring an additional 24,512 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of RealReal by 189.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 920,365 shares of the company’s stock worth $9,793,000 after acquiring an additional 602,670 shares in the last quarter. Finally, Blueshift Asset Management LLC bought a new stake in shares of RealReal in the second quarter worth about $735,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Price Performance

Shares of RealReal stock opened at $11.31 on Friday. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -10.38 and a beta of 2.67. The stock’s 50-day moving average is $14.07 and its 200-day moving average is $12.51. The RealReal, Inc. has a one year low of $4.61 and a one year high of $17.39.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on REAL shares. William Blair started coverage on RealReal in a research report on Monday, December 15th. They set an “outperform” rating on the stock. KeyCorp increased their target price on RealReal from $16.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a report on Thursday, January 22nd. Wall Street Zen raised shares of RealReal from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Finally, Robert W. Baird upped their price target on shares of RealReal from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.06.

Insider Buying and Selling at RealReal

In other RealReal news, CEO Levesque Rati Sahi sold 121,399 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $10.72, for a total transaction of $1,301,397.28. Following the completion of the transaction, the chief executive officer owned 1,482,779 shares of the company’s stock, valued at $15,895,390.88. This represents a 7.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Todd A. Suko sold 45,947 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $10.72, for a total transaction of $492,551.84. Following the transaction, the insider directly owned 560,563 shares of the company’s stock, valued at $6,009,235.36. This represents a 7.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 235,298 shares of company stock valued at $2,522,395 in the last 90 days. 9.00% of the stock is currently owned by corporate insiders.

About RealReal

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.