Bank of Montreal Can Invests $38,000 in The RealReal, Inc. (NASDAQ:REAL)

Bank of Montreal Can acquired a new stake in shares of The RealReal, Inc. (NASDAQ:REAL – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 30,033 shares of the company’s stock, valued at approximately $38,000.

Other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates raised its position in RealReal by 222.5% during the first quarter. Raymond James & Associates now owns 32,692 shares of the company’s stock worth $237,000 after acquiring an additional 22,555 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in RealReal by 7.6% in the 1st quarter. Bank of New York Mellon Corp now owns 282,263 shares of the company’s stock valued at $2,049,000 after buying an additional 20,037 shares during the last quarter. HighTower Advisors LLC bought a new position in RealReal in the 1st quarter valued at approximately $89,000. MetLife Investment Management LLC increased its position in RealReal by 21.3% during the 1st quarter. MetLife Investment Management LLC now owns 34,031 shares of the company’s stock valued at $247,000 after purchasing an additional 5,978 shares during the period. Finally, Vontobel Holding Ltd. increased its position in RealReal by 30.2% during the 1st quarter. Vontobel Holding Ltd. now owns 250,082 shares of the company’s stock valued at $1,963,000 after purchasing an additional 58,056 shares during the period. Institutional investors and hedge funds own 65.44% of the company’s stock.

RealReal Stock Down 7.2 %

REAL stock opened at $1.23 on Thursday. The RealReal, Inc. has a twelve month low of $1.00 and a twelve month high of $4.65. The stock has a market cap of $121.58 million, a P/E ratio of -0.60 and a beta of 2.38. The business’s 50-day moving average price is $1.23 and its 200-day moving average price is $1.39.

RealReal (NASDAQ:REAL – Get Rating) last posted its quarterly earnings data on Tuesday, February 28th. The company reported ($0.38) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.11. The company had revenue of $159.66 million for the quarter, compared to analysts’ expectations of $155.35 million. On average, equities research analysts expect that The RealReal, Inc. will post -1.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on REAL. Needham & Company LLC reissued a “buy” rating and set a $6.00 target price on shares of RealReal in a research report on Wednesday, March 1st. Robert W. Baird dropped their price objective on RealReal from $3.75 to $2.75 and set an “outperform” rating on the stock in a research note on Wednesday, March 1st. Credit Suisse Group dropped their price objective on RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Thursday, March 2nd. Finally, Piper Sandler lowered their target price on RealReal from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $3.79.

RealReal Company Profile

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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.