Charles Schwab Investment Management Inc. Has $3.11 Million Position in The RealReal, Inc. (NASDAQ:REAL)

Charles Schwab Investment Management Inc. boosted its holdings in shares of The RealReal, Inc. (NASDAQ:REAL) by 3.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 284,876 shares of the company’s stock after buying an additional 9,453 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in RealReal were worth $3,114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in REAL. R Squared Ltd bought a new stake in shares of RealReal in the 4th quarter valued at about $49,000. XTX Topco Ltd bought a new position in RealReal during the 3rd quarter worth approximately $63,000. Intech Investment Management LLC acquired a new position in RealReal during the third quarter valued at approximately $88,000. MetLife Investment Management LLC increased its stake in RealReal by 43.9% in the third quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock valued at $113,000 after purchasing an additional 10,981 shares in the last quarter. Finally, Olympiad Research LP acquired a new stake in RealReal in the fourth quarter worth $136,000. Institutional investors own 64.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. UBS Group decreased their price target on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Finally, Northland Securities increased their price target on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Two equities 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 company. According to MarketBeat.com, RealReal currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.33.

Insider Activity at RealReal

In related news, insider Luke Thomas Friang sold 18,503 shares of RealReal stock in a transaction dated 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 approximately $3,840,243.30. The trade was a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John E. Koryl sold 396,478 shares of the 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 654,761 shares of company stock valued at $5,592,306. 9.78% of the stock is owned by insiders.

RealReal Trading Down 4.6 %

REAL opened at $5.81 on Friday. The stock has a market capitalization of $646.35 million, a P/E ratio of -4.50 and a beta of 3.00. The RealReal, Inc. has a 12 month low of $2.24 and a 12 month high of $11.38. The firm’s fifty day simple moving average is $7.41 and its 200 day simple moving average is $6.14.

RealReal (NASDAQ:REAL) last released 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 business had revenue of $164.00 million during the quarter, compared to analysts’ expectations of $162.69 million. On average, equities research analysts predict that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

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.