The RealReal, Inc. (NASDAQ:REAL) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in shares of The RealReal, Inc. (NASDAQ:REAL) by 43.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 417,030 shares of the company’s stock after selling 321,589 shares during the period. JPMorgan Chase & Co.’s holdings in RealReal were worth $4,558,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of RealReal in the fourth quarter valued at $5,143,000. State Street Corp lifted its holdings in RealReal by 22.3% in the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock valued at $5,342,000 after acquiring an additional 310,116 shares during the last quarter. Royce & Associates LP bought a new position in shares of RealReal during the 4th quarter valued at about $2,049,000. Semanteon Capital Management LP acquired a new position in shares of RealReal in the 4th quarter worth approximately $1,565,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of RealReal by 67.7% in the 4th quarter. Bank of New York Mellon Corp now owns 353,941 shares of the company’s stock worth $3,869,000 after purchasing an additional 142,861 shares in the last quarter. 64.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, UBS Group decreased their price target on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, RealReal has a consensus rating of “Moderate Buy” and an average price target of $8.33.

Insider Buying and Selling

In other news, CFO Gopal Ajay Madan sold 102,386 shares of RealReal stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $706,463.40. Following the transaction, the chief financial officer now owns 1,327,198 shares of the company’s stock, valued at $9,157,666.20. This trade represents a 7.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Steve Ming Lo sold 23,477 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $161,991.30. Following the sale, the chief accounting officer now directly owns 330,117 shares of the company’s stock, valued at approximately $2,277,807.30. This represents a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 258,283 shares of company stock worth $1,782,153. 9.78% of the stock is owned by company insiders.

RealReal Stock Performance

RealReal stock opened at $5.38 on Friday. The company has a 50 day moving average price of $6.05 and a 200 day moving average price of $6.43. The RealReal, Inc. has a 52 week low of $2.24 and a 52 week high of $11.38. The firm has a market capitalization of $598.51 million, a price-to-earnings ratio of -4.17 and a beta of 2.90.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The firm had revenue of $164.00 million during the quarter, compared to analyst estimates of $162.69 million. Equities analysts forecast that The RealReal, Inc. will post -0.4 earnings per share 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.