The RealReal, Inc. (NASDAQ:REAL) is Anthracite Investment Company Inc.’s 5th Largest Position

Anthracite Investment Company Inc. trimmed its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 22.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 574,304 shares of the company’s stock after selling 171,000 shares during the quarter. RealReal comprises 2.2% of Anthracite Investment Company Inc.’s portfolio, making the stock its 5th biggest holding. Anthracite Investment Company Inc.’s holdings in RealReal were worth $6,277,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of RealReal during the fourth quarter valued at about $49,000. Harvest Fund Management Co. Ltd bought a new position in shares of RealReal during the 4th quarter worth approximately $94,000. Jag Capital Management LLC bought a new position in shares of RealReal in the fourth quarter valued at approximately $126,000. Olympiad Research LP purchased a new stake in shares of RealReal during the fourth quarter valued at approximately $136,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in RealReal during the fourth quarter worth $153,000. Institutional investors own 64.73% of the company’s stock.

Insider Buying and Selling at RealReal

In other news, insider Luke Thomas Friang sold 18,503 shares of the business’s 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 $127,670.70. Following the completion of the sale, the insider now directly owns 556,557 shares in the company, valued at approximately $3,840,243.30. The trade was a 3.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Steve Ming Lo sold 23,477 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $161,991.30. Following the transaction, the chief accounting officer now directly owns 330,117 shares in the company, valued at approximately $2,277,807.30. This represents a 6.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 654,761 shares of company stock valued at $5,592,306 in the last 90 days. Corporate insiders own 9.78% of the company’s stock.

RealReal Stock Performance

NASDAQ:REAL opened at $6.28 on Wednesday. The business’s fifty day moving average is $7.55 and its 200 day moving average is $6.14. The firm has a market cap of $698.63 million, a price-to-earnings ratio of -4.87 and a beta of 3.00. The RealReal, Inc. has a 52-week low of $2.24 and a 52-week high of $11.38.

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

Analyst Ratings Changes

A number of research firms have recently commented on REAL. Northland Securities lifted their target price on 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 raised shares of RealReal from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $4.00 to $15.00 in a research report on Monday, December 9th. Finally, UBS Group lowered their price target on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $8.33.

RealReal Company 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.