The RealReal, Inc. (NASDAQ:REAL) Shares Bought by Fortis Group Advisors LLC

Fortis Group Advisors LLC increased its holdings in The RealReal, Inc. (NASDAQ:REAL) by 15.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,380 shares of the company’s stock after purchasing an additional 11,745 shares during the quarter. Fortis Group Advisors LLC owned 0.08% of RealReal worth $977,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in REAL. Park Edge Advisors LLC bought a new stake in shares of RealReal during the 3rd quarter worth $41,000. R Squared Ltd purchased a new stake in RealReal during the fourth quarter valued at about $49,000. XTX Topco Ltd acquired a new position in shares of RealReal in the third quarter worth about $63,000. Intech Investment Management LLC purchased a new stake in shares of RealReal in the 3rd quarter valued at approximately $88,000. Finally, MetLife Investment Management LLC boosted its stake in 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 period. 64.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at RealReal

In related news, CAO Steve Ming Lo sold 96,666 shares of the business’s 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 completion of the transaction, the chief accounting officer now owns 391,525 shares of the company’s stock, valued at approximately $2,388,302.50. The trade was a 19.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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. Corporate insiders own 9.78% of the company’s stock.

RealReal Price Performance

Shares of NASDAQ:REAL opened at $7.99 on Tuesday. The stock has a market capitalization of $876.42 million, a P/E ratio of -9.08 and a beta of 2.83. The business has a 50-day moving average of $9.20 and a two-hundred day moving average of $5.44. The RealReal, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $11.38.

Analyst Ratings Changes

Several brokerages have recently commented on REAL. Wells Fargo & Company raised 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 research report on Monday, December 9th. UBS Group boosted their price target on shares of RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Northland Securities increased their price objective on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, RealReal has an average rating of “Moderate Buy” and a consensus target price of $7.38.

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.