Raymond James Financial Inc. Takes Position in The RealReal, Inc. (NASDAQ:REAL)

Raymond James Financial Inc. purchased a new stake in The RealReal, Inc. (NASDAQ:REAL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 470,548 shares of the company’s stock, valued at approximately $5,143,000.

Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of RealReal in the 4th quarter valued at $49,000. Jag Capital Management LLC acquired a new stake in RealReal in the fourth quarter worth about $126,000. Olympiad Research LP bought a new stake in RealReal during the 4th quarter worth about $136,000. Y Intercept Hong Kong Ltd acquired a new position in RealReal during the 4th quarter valued at about $153,000. Finally, XTX Topco Ltd bought a new position in shares of RealReal in the 3rd quarter valued at about $63,000. Institutional investors own 64.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. UBS Group dropped their price target on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Northland Securities upped their target price on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Finally, Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $8.33.

Insider Buying and Selling at RealReal

In other RealReal news, CEO John E. Koryl sold 396,478 shares of RealReal stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $9.61, for a total value of $3,810,153.58. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Luke Thomas Friang sold 18,503 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $127,670.70. Following the sale, the insider now directly owns 556,557 shares of the company’s stock, valued at $3,840,243.30. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 654,761 shares of company stock valued at $5,592,306. Company insiders own 9.78% of the company’s stock.

RealReal Stock Performance

Shares of NASDAQ:REAL opened at $6.28 on Wednesday. The company has a 50 day moving average price of $7.55 and a two-hundred day moving average price of $6.14. The company has a market capitalization of $698.63 million, a PE ratio of -4.87 and a beta of 3.00. The RealReal, Inc. has a 52 week low of $2.24 and a 52 week high of $11.38.

RealReal (NASDAQ:REAL) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The firm had revenue of $164.00 million for the quarter, compared to the consensus estimate of $162.69 million. On average, sell-side analysts forecast that The RealReal, Inc. will post -0.4 earnings per share for the current 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.