204,751 Shares in The RealReal, Inc. $REAL Purchased by Federated Hermes Inc.

Federated Hermes Inc. purchased a new position in shares of The RealReal, Inc. (NASDAQ:REAL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 204,751 shares of the company’s stock, valued at approximately $2,177,000.

Several other large investors also recently modified their holdings of REAL. AQR Capital Management LLC grew its stake in shares of RealReal by 589.2% in the 1st quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock valued at $4,786,000 after purchasing an additional 759,160 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in RealReal by 6.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,437 shares of the company’s stock valued at $326,000 after buying an additional 3,500 shares in the last quarter. Millennium Management LLC grew its position in RealReal by 1.9% in the first quarter. Millennium Management LLC now owns 883,690 shares of the company’s stock valued at $4,763,000 after acquiring an additional 16,136 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in RealReal in the second quarter valued at $1,576,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in RealReal during the second quarter worth $175,000. 64.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on REAL. Wells Fargo & Company boosted their target price on shares of RealReal from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. BTIG Research lifted their price target on shares of RealReal from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, December 30th. Wall Street Zen lowered shares of RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. William Blair assumed coverage on shares of RealReal in a research note on Monday, December 15th. They set an “outperform” rating on the stock. Finally, Roth Mkm set a $17.50 price objective on shares of RealReal and gave the stock a “buy” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, RealReal has a consensus rating of “Moderate Buy” and an average price target of $17.94.

Insider Buying and Selling at RealReal

In related news, insider Luke Thomas Friang sold 18,619 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $13.06, for a total value of $243,164.14. Following the completion of the sale, the insider owned 499,265 shares of the company’s stock, valued at $6,520,400.90. This trade represents a 3.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Gopal Ajay Madan sold 28,520 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $14.73, for a total transaction of $420,099.60. Following the completion of the transaction, the chief financial officer owned 1,156,092 shares of the company’s stock, valued at $17,029,235.16. This trade represents a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 15,823,249 shares of company stock valued at $209,258,341 over the last three months. Insiders own 9.00% of the company’s stock.

RealReal Stock Performance

Shares of NASDAQ:REAL opened at $13.64 on Thursday. The business has a fifty day moving average of $15.40 and a 200-day moving average of $11.71. The RealReal, Inc. has a twelve month low of $4.61 and a twelve month high of $17.39. The firm has a market cap of $1.59 billion, a PE ratio of -9.88 and a beta of 2.65.

RealReal (NASDAQ:REAL) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.35). The business had revenue of $173.57 million for the quarter, compared to analysts’ expectations of $169.01 million. On average, analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

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.