Stifel Financial Corp Boosts Stock Position in The RealReal, Inc. (NASDAQ:REAL)

Stifel Financial Corp raised its position in The RealReal, Inc. (NASDAQ:REAL) by 526.5% during the third quarter, Holdings Channel.com reports. The firm owned 129,874 shares of the company’s stock after buying an additional 109,143 shares during the period. Stifel Financial Corp’s holdings in RealReal were worth $408,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Crestwood Capital Management L.P. raised its position in shares of RealReal by 20.6% in the third quarter. Crestwood Capital Management L.P. now owns 1,193,501 shares of the company’s stock valued at $3,748,000 after buying an additional 204,226 shares during the last quarter. Anthracite Investment Company Inc. grew its stake in RealReal by 62.0% in the 3rd quarter. Anthracite Investment Company Inc. now owns 745,304 shares of the company’s stock worth $2,340,000 after acquiring an additional 285,304 shares during the period. Woodson Capital Management LP raised its holdings in RealReal by 2.9% in the 3rd quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock valued at $16,956,000 after acquiring an additional 150,000 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of RealReal during the 2nd quarter worth $1,563,000. Finally, Walleye Capital LLC purchased a new position in shares of RealReal during the 3rd quarter worth $1,163,000. 64.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

RealReal Price Performance

RealReal stock opened at $10.86 on Friday. The RealReal, Inc. has a 12 month low of $1.52 and a 12 month high of $11.07. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -12.34 and a beta of 3.09. The stock’s 50-day moving average is $5.77 and its 200-day moving average is $4.01.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on REAL shares. Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $4.00 to $15.00 in a research report on Monday, December 9th. UBS Group upped their price objective on shares of RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Northland Capmk raised shares of RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Northland Securities upped their price target on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.38.

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.