Vanguard Group Inc. Has $99.99 Million Stock Position in The RealReal, Inc. $REAL

Vanguard Group Inc. grew its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 6.9% in the fourth quarter, HoldingsChannel reports. The fund owned 6,336,596 shares of the company’s stock after acquiring an additional 406,789 shares during the period. Vanguard Group Inc. owned approximately 0.05% of RealReal worth $99,991,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Calamos Advisors LLC acquired a new position in RealReal during the 4th quarter worth approximately $620,000. NBC Securities Inc. acquired a new position in RealReal during the 4th quarter worth approximately $186,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of RealReal in the 4th quarter valued at approximately $3,188,000. Round Rock Advisors LLC acquired a new stake in shares of RealReal in the 4th quarter valued at approximately $467,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of RealReal in the 4th quarter valued at approximately $71,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Price Performance

NASDAQ:REAL opened at $9.41 on Thursday. The RealReal, Inc. has a one year low of $4.70 and a one year high of $17.39. The company has a market cap of $1.13 billion, a P/E ratio of -9.23 and a beta of 2.84. The firm’s fifty day moving average price is $10.44 and its two-hundred day moving average price is $12.77.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $189.72 million during the quarter, compared to analyst estimates of $187.82 million. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. RealReal’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, equities research analysts expect that The RealReal, Inc. will post -0.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on REAL. Robert W. Baird set a $13.00 price objective on RealReal in a report on Friday, May 8th. Northland Securities set a $20.00 price objective on RealReal in a report on Wednesday, January 14th. BTIG Research cut their price objective on RealReal from $18.00 to $17.00 and set a “buy” rating for the company in a report on Friday, May 8th. Wall Street Zen downgraded RealReal from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Finally, UBS Group cut their price objective on RealReal from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.25.

Insider Transactions at RealReal

In other RealReal news, CEO Levesque Rati Sahi sold 121,399 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total value of $1,301,397.28. Following the transaction, the chief executive officer directly owned 1,482,779 shares in the company, valued at $15,895,390.88. The trade was a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Todd A. Suko sold 45,947 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total transaction of $492,551.84. Following the completion of the transaction, the insider owned 560,563 shares in the company, valued at approximately $6,009,235.36. This represents a 7.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 286,883 shares of company stock valued at $3,001,619. Corporate insiders own 9.00% of the company’s stock.

RealReal Profile

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.