Boston Partners Lowers Position in The RealReal, Inc. (NASDAQ:REAL)

Boston Partners decreased its stake in The RealReal, Inc. (NASDAQ:REAL – Get Rating) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,228 shares of the company’s stock after selling 12,556 shares during the period. Boston Partners owned approximately 0.12% of RealReal worth $153,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in REAL. Raymond James & Associates raised its position in shares of RealReal by 222.5% in the first quarter. Raymond James & Associates now owns 32,692 shares of the company’s stock valued at $237,000 after buying an additional 22,555 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in RealReal by 7.6% during 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 acquiring an additional 20,037 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of RealReal in the 1st quarter worth about $89,000. MetLife Investment Management LLC increased its stake 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 buying an additional 5,978 shares during the period. Finally, Vontobel Holding Ltd. grew its stake in shares of RealReal by 30.2% in the 1st quarter. Vontobel Holding Ltd. now owns 250,082 shares of the company’s stock worth $1,963,000 after purchasing an additional 58,056 shares during the last quarter. Institutional investors and hedge funds own 65.44% of the company’s stock.

RealReal Price Performance

Shares of NASDAQ REAL opened at $1.23 on Thursday. The business has a fifty day moving average price of $1.23 and a 200 day moving average price of $1.39. The stock has a market capitalization of $121.58 million, a P/E ratio of -0.60 and a beta of 2.38. The RealReal, Inc. has a 1-year low of $1.00 and a 1-year high of $4.65.

RealReal (NASDAQ:REAL – Get Rating) last posted its quarterly earnings results on Tuesday, February 28th. The company reported ($0.38) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.11. The company had revenue of $159.66 million during the quarter, compared to analyst estimates of $155.35 million. As a group, equities research analysts anticipate that The RealReal, Inc. will post -1.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

REAL has been the subject of a number of analyst reports. Piper Sandler reduced their target price on shares of RealReal from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Wednesday, March 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $6.00 price target on shares of RealReal in a research note on Wednesday, March 1st. Robert W. Baird cut their price target on RealReal from $3.75 to $2.75 and set an “outperform” rating for the company in a report on Wednesday, March 1st. Finally, Credit Suisse Group dropped their price target on RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Thursday, March 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $3.79.

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.