MetLife Investment Management LLC Raises Stake in The RealReal, Inc. (NASDAQ:REAL)

MetLife Investment Management LLC raised its position in shares of The RealReal, Inc. (NASDAQ:REAL – Get Rating) by 34.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,426 shares of the company’s stock after purchasing an additional 11,841 shares during the quarter. MetLife Investment Management LLC’s holdings in RealReal were worth $70,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its position in shares of RealReal by 29.2% during the third quarter. Envestnet Asset Management Inc. now owns 77,817 shares of the company’s stock valued at $117,000 after buying an additional 17,599 shares during the last quarter. QCM Cayman Ltd. bought a new stake in shares of RealReal during the third quarter valued at approximately $26,000. Tower Research Capital LLC TRC raised its position in shares of RealReal by 80.1% during the third quarter. Tower Research Capital LLC TRC now owns 21,688 shares of the company’s stock valued at $32,000 after buying an additional 9,647 shares during the last quarter. UBS Group AG raised its position in shares of RealReal by 59.4% during the third quarter. UBS Group AG now owns 255,051 shares of the company’s stock valued at $382,000 after buying an additional 95,002 shares during the last quarter. Finally, Boston Partners raised its position in shares of RealReal by 27.3% during the third quarter. Boston Partners now owns 134,784 shares of the company’s stock valued at $202,000 after buying an additional 28,880 shares during the last quarter. Institutional investors own 65.44% of the company’s stock.

Analyst Ratings Changes

REAL has been the topic of several recent analyst reports. Piper Sandler reduced their price objective on shares of RealReal from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 1st. Raymond James cut shares of RealReal from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 9th. Needham & Company LLC restated a “buy” rating and issued a $6.00 price target on shares of RealReal in a research report on Wednesday, March 1st. Robert W. Baird reduced their price target on shares of RealReal from $3.75 to $2.75 and set an “outperform” rating on the stock in a research report on Wednesday, March 1st. Finally, Credit Suisse Group reduced their price target on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, March 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.69.

RealReal Trading Down 3.7 %

Shares of REAL opened at $1.57 on Tuesday. The firm has a market capitalization of $155.82 million, a P/E ratio of -0.77 and a beta of 2.40. The RealReal, Inc. has a 12-month low of $1.04 and a 12-month high of $8.61. The firm has a fifty day moving average price of $1.50 and a 200-day moving average price of $1.60.

About RealReal

(Get Rating)

The RealReal, Inc operates an online marketplace for consigned luxury goods. It engages in the consignment of luxury goods across multiple categories, including women’s, men’s, kids, jewelry, watches, home and art. It sells pieces from designers such as Chanel, Christian Louboutin, Gucci, Hermes, Louis Vuitton, Prada, Celine, Jimmy Choo, Burberry, and Valentino.