Wells Fargo & Company MN Has $1.13 Million Stake in The RealReal, Inc. (NASDAQ:REAL)

Wells Fargo & Company MN boosted its holdings in The RealReal, Inc. (NASDAQ:REAL) by 31.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 102,917 shares of the company’s stock after acquiring an additional 24,669 shares during the quarter. Wells Fargo & Company MN owned 0.09% of RealReal worth $1,125,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Trexquant Investment LP bought a new stake in RealReal in the 4th quarter valued at about $3,262,000. Headlands Technologies LLC bought a new stake in shares of RealReal in the fourth quarter worth about $1,234,000. Geode Capital Management LLC lifted its position in shares of RealReal by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company’s stock worth $25,447,000 after purchasing an additional 33,927 shares during the period. Alliancebernstein L.P. raised its holdings in RealReal by 88.9% in the fourth quarter. Alliancebernstein L.P. now owns 100,850 shares of the company’s stock worth $1,102,000 after purchasing an additional 47,450 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in RealReal during the 4th quarter valued at approximately $156,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

Insider Buying and Selling at RealReal

In other RealReal news, CAO Steve Ming Lo sold 23,477 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $161,991.30. Following the completion of the transaction, the chief accounting officer now directly owns 330,117 shares in the company, valued at approximately $2,277,807.30. This represents a 6.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Luke Thomas Friang sold 18,503 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $127,670.70. Following the sale, the insider now owns 556,557 shares of the company’s stock, valued at $3,840,243.30. The trade was a 3.22 % decrease in their ownership of the stock. 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 quarter. Insiders own 9.78% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered their target price on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Two 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $8.33.

RealReal Stock Down 2.8 %

Shares of RealReal stock opened at $5.96 on Wednesday. The business has a 50-day moving average price of $5.75 and a 200-day moving average price of $6.56. The firm has a market cap of $674.04 million, a price-to-earnings ratio of -4.62 and a beta of 2.90. The RealReal, Inc. has a twelve month low of $2.24 and a twelve month high of $11.38.

RealReal (NASDAQ:REAL) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The firm had revenue of $164.00 million for the quarter, compared to analysts’ expectations of $162.69 million. On average, equities analysts expect that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

RealReal 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.