State Street Corp Boosts Holdings in The RealReal, Inc. (NASDAQ:REAL)

State Street Corp lifted its stake in shares of The RealReal, Inc. (NASDAQ:REAL) by 22.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,701,387 shares of the company’s stock after buying an additional 310,116 shares during the quarter. State Street Corp’s holdings in RealReal were worth $5,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new position in shares of RealReal during the 2nd quarter worth approximately $915,000. Principal Financial Group Inc. bought a new stake in shares of RealReal during the second quarter valued at approximately $39,000. Drive Wealth Management LLC purchased a new stake in RealReal in the second quarter worth $32,000. Rhumbline Advisers raised its holdings in RealReal by 4,275.4% in the second quarter. Rhumbline Advisers now owns 125,267 shares of the company’s stock worth $400,000 after purchasing an additional 122,404 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in RealReal during the second quarter valued at $1,563,000. 64.73% of the stock is owned by institutional investors.

RealReal Stock Down 1.2 %

NASDAQ:REAL opened at $10.86 on Monday. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -12.34 and a beta of 3.09. The company’s 50 day moving average price is $5.77 and its 200-day moving average price is $4.01. The RealReal, Inc. has a 52 week low of $1.52 and a 52 week high of $11.07.

Insider Activity at RealReal

In other news, CAO Steve Ming Lo sold 96,666 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $6.10, for a total value of $589,662.60. Following the completion of the transaction, the chief accounting officer now owns 391,525 shares in the company, valued at $2,388,302.50. The trade was a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.78% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

REAL has been the topic of a number of recent research reports. UBS Group upped their target price on shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Northland Securities raised their target price on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Northland Capmk raised RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $4.00 to $15.00 in a research report on Monday, December 9th. 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.38.

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.