Jupiter Asset Management Ltd. Acquires 1,634,782 Shares of The RealReal, Inc. $REAL

Jupiter Asset Management Ltd. boosted its stake in shares of The RealReal, Inc. (NASDAQ:REAL) by 501.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,961,057 shares of the company’s stock after purchasing an additional 1,634,782 shares during the quarter. Jupiter Asset Management Ltd. owned about 1.70% of RealReal worth $20,846,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. bought a new stake in shares of RealReal during the third quarter worth approximately $2,177,000. Alberta Investment Management Corp bought a new position in shares of RealReal during the second quarter worth approximately $115,000. Teacher Retirement System of Texas lifted its holdings in RealReal by 217.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 35,769 shares of the company’s stock worth $171,000 after purchasing an additional 24,512 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in RealReal by 189.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 920,365 shares of the company’s stock worth $9,793,000 after purchasing an additional 602,670 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in RealReal in the 2nd quarter valued at $175,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.

RealReal Stock Down 0.4%

REAL stock opened at $11.11 on Friday. The RealReal, Inc. has a 52 week low of $4.61 and a 52 week high of $17.39. The business has a 50-day simple moving average of $14.80 and a 200 day simple moving average of $12.17. The company has a market cap of $1.30 billion, a PE ratio of -8.05 and a beta of 2.65.

Insider Transactions at RealReal

In other news, CAO Steve Ming Lo sold 59,789 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $14.46, for a total transaction of $864,548.94. Following the completion of the sale, the chief accounting officer owned 249,553 shares of the company’s stock, valued at approximately $3,608,536.38. This represents a 19.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Gopal Ajay Madan sold 28,520 shares of RealReal stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $14.73, for a total transaction of $420,099.60. Following the completion of the transaction, the chief financial officer directly owned 1,156,092 shares in the company, valued at $17,029,235.16. This trade represents a 2.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 161,242 shares of company stock valued at $2,313,004. Company insiders own 9.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on REAL. William Blair began coverage on RealReal in a research report on Monday, December 15th. They set an “outperform” rating on the stock. UBS Group raised their price target on shares of RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. B. Riley Financial boosted their price objective on shares of RealReal from $14.00 to $17.00 and gave the company a “buy” rating in a report on Friday, December 12th. Northland Securities set a $20.00 target price on shares of RealReal in a research report on Wednesday, January 14th. Finally, BTIG Research raised their target price on shares of RealReal from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, December 30th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, RealReal presently has a consensus rating of “Moderate Buy” and an average price target of $17.94.

RealReal Company Profile

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.