Bank of America Corp DE Reduces Stock Holdings in The RealReal, Inc. (NASDAQ:REAL)

Bank of America Corp DE lowered its position in The RealReal, Inc. (NASDAQ:REAL) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,042,488 shares of the company’s stock after selling 95,927 shares during the quarter. Bank of America Corp DE owned 0.95% of RealReal worth $11,394,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Trexquant Investment LP purchased a new position in shares of RealReal in the fourth quarter valued at $3,262,000. Aigen Investment Management LP increased its position in shares of RealReal by 513.5% in the fourth quarter. Aigen Investment Management LP now owns 93,550 shares of the company’s stock valued at $1,023,000 after buying an additional 78,301 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in shares of RealReal in the fourth quarter valued at $156,000. Stephens Inc. AR purchased a new position in shares of RealReal in the fourth quarter valued at $978,000. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of RealReal in the fourth quarter valued at $299,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal Trading Up 4.2%

RealReal stock opened at $5.24 on Friday. The stock has a market cap of $592.61 million, a PE ratio of -4.06 and a beta of 2.61. The stock has a 50-day moving average price of $5.69 and a 200 day moving average price of $6.86. The RealReal, Inc. has a 52 week low of $2.24 and a 52 week high of $11.38.

RealReal (NASDAQ:REAL) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The company had revenue of $160.03 million during the quarter, compared to analysts’ expectations of $159.98 million. On average, equities analysts predict that The RealReal, Inc. will post -0.4 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, UBS Group raised their price target on RealReal from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, RealReal currently has a consensus rating of “Moderate Buy” and an average target price of $8.40.

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.