The RealReal, Inc. (NASDAQ:REAL) Shares Bought by River & Mercantile Asset Management LLP

River & Mercantile Asset Management LLP raised its holdings in The RealReal, Inc. (NASDAQ:REAL – Get Rating) by 119.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 374,921 shares of the company’s stock after acquiring an additional 204,170 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in RealReal were worth $560,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Neuberger Berman Group LLC lifted its holdings in RealReal by 9.1% in the third quarter. Neuberger Berman Group LLC now owns 381,971 shares of the company’s stock valued at $573,000 after acquiring an additional 31,934 shares during the period. State Street Corp lifted its holdings in RealReal by 59.9% in the third quarter. State Street Corp now owns 3,297,001 shares of the company’s stock valued at $4,946,000 after acquiring an additional 1,235,638 shares during the period. Twinbeech Capital LP acquired a new stake in RealReal in the third quarter valued at $242,000. Price T Rowe Associates Inc. MD increased its position in shares of RealReal by 5.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 714,239 shares of the company’s stock valued at $1,072,000 after buying an additional 38,796 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new position in shares of RealReal in the third quarter valued at $47,000. Institutional investors and hedge funds own 65.44% of the company’s stock.

RealReal Price Performance

REAL opened at $1.29 on Friday. The stock has a market capitalization of $128.03 million, a price-to-earnings ratio of -0.63 and a beta of 2.40. The business has a 50-day moving average of $1.53 and a two-hundred day moving average of $1.56. The RealReal, Inc. has a 12 month low of $1.04 and a 12 month high of $8.61.

Wall Street Analysts Forecast Growth

REAL has been the subject of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $6.00 price target on shares of RealReal in a research report on Wednesday, March 1st. Robert W. Baird dropped their price target on RealReal from $3.75 to $2.75 and set an “outperform” rating for the company in a research report on Wednesday, March 1st. Piper Sandler dropped their price target on RealReal from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Wednesday, March 1st. Credit Suisse Group dropped their price target on RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Thursday, March 2nd. Finally, Wells Fargo & Company cut RealReal from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $5.00 to $2.00 in a research report on Friday, January 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, RealReal presently has a consensus rating of “Hold” and a consensus price target of $4.69.

RealReal Company Profile

(Get Rating)

The RealReal, Inc operates an online marketplace for consigned luxury goods. It engages in the consignment of luxury goods across multiple categories, including women’s, men’s, kids, jewelry, watches, home and art. It sells pieces from designers such as Chanel, Christian Louboutin, Gucci, Hermes, Louis Vuitton, Prada, Celine, Jimmy Choo, Burberry, and Valentino.