Barclays PLC Acquires 102,759 Shares of The RealReal, Inc. (NASDAQ:REAL)

Barclays PLC raised its holdings in The RealReal, Inc. (NASDAQ:REAL) by 306.7% during the third quarter, HoldingsChannel reports. The firm owned 136,262 shares of the company’s stock after acquiring an additional 102,759 shares during the quarter. Barclays PLC’s holdings in RealReal were worth $428,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Evoke Wealth LLC acquired a new stake in RealReal in the second quarter valued at about $36,000. Principal Financial Group Inc. acquired a new stake in shares of RealReal in the 2nd quarter valued at approximately $39,000. Park Edge Advisors LLC bought a new stake in shares of RealReal during the 3rd quarter valued at approximately $41,000. XTX Topco Ltd acquired a new position in RealReal during the 3rd quarter worth approximately $63,000. Finally, Intech Investment Management LLC bought a new position in RealReal in the 3rd quarter valued at approximately $88,000. Institutional investors own 64.73% of the company’s stock.

RealReal Stock Down 3.5 %

Shares of NASDAQ:REAL opened at $9.50 on Friday. The firm has a market cap of $1.04 billion, a P/E ratio of -10.80 and a beta of 3.09. The RealReal, Inc. has a 12-month low of $1.52 and a 12-month high of $11.38. The business has a fifty day simple moving average of $6.39 and a 200 day simple moving average of $4.21.

Insider Activity

In related news, CAO Steve Ming Lo sold 96,666 shares of RealReal stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $6.10, for a total value of $589,662.60. Following the transaction, the chief accounting officer now directly owns 391,525 shares of the company’s stock, valued at $2,388,302.50. The trade was a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 9.78% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Northland Securities boosted their target price on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. UBS Group increased their target price on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Northland Capmk upgraded RealReal to a “strong-buy” rating in a report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently 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.