Invesco Ltd. Boosts Stake in The RealReal, Inc. (NASDAQ:REAL)

Invesco Ltd. grew its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 413.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,053,911 shares of the company’s stock after buying an additional 848,640 shares during the quarter. Invesco Ltd. owned 0.96% of RealReal worth $11,519,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. R Squared Ltd bought a new stake in RealReal during the fourth quarter worth $49,000. Harvest Fund Management Co. Ltd bought a new stake in shares of RealReal during the 4th quarter worth $94,000. Jag Capital Management LLC bought a new stake in shares of RealReal during the 4th quarter worth $126,000. Olympiad Research LP bought a new position in RealReal during the fourth quarter valued at about $136,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in RealReal during the fourth quarter worth about $153,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal Stock Up 4.2 %

Shares of NASDAQ:REAL opened at $5.49 on Wednesday. The firm has a market capitalization of $610.75 million, a PE ratio of -4.26 and a beta of 2.90. The company has a 50-day moving average price of $5.95 and a two-hundred day moving average price of $6.46. The RealReal, Inc. has a twelve month low of $2.24 and a twelve month high of $11.38.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The company had revenue of $164.00 million for the quarter, compared to analyst estimates of $162.69 million. Analysts anticipate that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

Insider Activity at RealReal

In other RealReal news, CEO Levesque Rati Sahi sold 113,917 shares of RealReal stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $786,027.30. Following the completion of the transaction, the chief executive officer now owns 2,307,199 shares of the company’s stock, valued at $15,919,673.10. The trade was a 4.71 % decrease in their position. The transaction 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 the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $161,991.30. Following the completion of the sale, the chief accounting officer now directly owns 330,117 shares in the company, valued at approximately $2,277,807.30. The trade was a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 258,283 shares of company stock worth $1,782,153. 9.78% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, UBS Group reduced their target price on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $8.33.

About RealReal

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.