O Shaughnessy Asset Management LLC Takes Position in The RealReal, Inc. (NASDAQ:REAL)

O Shaughnessy Asset Management LLC bought a new position in shares of The RealReal, Inc. (NASDAQ:REAL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,314 shares of the company’s stock, valued at approximately $156,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of RealReal by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,905,132 shares of the company’s stock valued at $53,613,000 after purchasing an additional 121,626 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of RealReal by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company’s stock worth $7,204,000 after buying an additional 44,716 shares during the period. State Street Corp grew its stake in RealReal by 22.3% in the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock valued at $5,342,000 after buying an additional 310,116 shares during the last quarter. Norges Bank bought a new position in RealReal in the 4th quarter valued at about $11,989,000. Finally, JPMorgan Chase & Co. lifted its position in RealReal by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company’s stock worth $2,319,000 after acquiring an additional 97,700 shares during the last quarter. Institutional investors own 64.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on REAL. Northland Securities upped their target price on RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. UBS Group decreased their price objective on RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $8.33.

RealReal Price Performance

Shares of NASDAQ:REAL opened at $5.17 on Tuesday. The business’s 50 day simple moving average is $6.28 and its 200 day simple moving average is $6.39. The RealReal, Inc. has a 1 year low of $2.24 and a 1 year high of $11.38. The company has a market capitalization of $575.15 million, a P/E ratio of -4.01 and a beta of 2.90.

RealReal (NASDAQ:REAL) last released its earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The firm had revenue of $164.00 million during the quarter, compared to the consensus estimate of $162.69 million. On average, sell-side analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Luke Thomas Friang sold 18,503 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $127,670.70. Following the completion of the sale, the insider now directly owns 556,557 shares in the company, valued at $3,840,243.30. This represents a 3.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Steve Ming Lo sold 23,477 shares of RealReal stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $161,991.30. Following the completion of the transaction, the chief accounting officer now owns 330,117 shares in the company, valued at approximately $2,277,807.30. This represents a 6.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 258,283 shares of company stock worth $1,782,153 over the last ninety days. Corporate insiders own 9.78% of the company’s stock.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.