The RealReal, Inc. (NASDAQ:REAL) Shares Acquired by Barclays PLC

Barclays PLC boosted its position in The RealReal, Inc. (NASDAQ:REAL) by 306.7% in the third quarter, HoldingsChannel.com reports. The firm owned 136,262 shares of the company’s stock after purchasing an additional 102,759 shares during the quarter. Barclays PLC’s holdings in RealReal were worth $428,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in REAL. Evoke Wealth LLC bought a new stake in shares of RealReal in the 2nd quarter worth $36,000. Park Edge Advisors LLC acquired a new position in RealReal during the third quarter worth about $41,000. XTX Topco Ltd bought a new stake in RealReal in the third quarter worth about $63,000. Intech Investment Management LLC bought a new position in shares of RealReal during the 3rd quarter valued at about $88,000. Finally, MetLife Investment Management LLC grew its stake in shares of RealReal by 43.9% in the 3rd quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock worth $113,000 after purchasing an additional 10,981 shares during the last quarter. 64.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $4.00 to $15.00 in a report on Monday, December 9th. Northland Securities raised their price objective on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Finally, UBS Group boosted their target price on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Two investment 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 data from MarketBeat.com, RealReal has an average rating of “Moderate Buy” and an average price target of $7.38.

RealReal Stock Performance

RealReal stock opened at $9.52 on Friday. The RealReal, Inc. has a 52 week low of $1.52 and a 52 week high of $11.38. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -10.82 and a beta of 2.87. The company has a 50 day moving average price of $7.66 and a 200 day moving average price of $4.66.

Insider Activity

In other RealReal news, CAO Steve Ming Lo sold 96,666 shares of RealReal stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $6.10, for a total transaction of $589,662.60. Following the transaction, the chief accounting officer now owns 391,525 shares of the company’s stock, valued at $2,388,302.50. The trade was a 19.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO John E. Koryl sold 396,478 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $9.61, for a total transaction of $3,810,153.58. The disclosure for this sale can be found here. Corporate insiders own 9.78% of the company’s stock.

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.