The RealReal, Inc. (NASDAQ:REAL) Shares Bought by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. grew its holdings in shares of The RealReal, Inc. (NASDAQ:REAL) by 62.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 745,304 shares of the company’s stock after purchasing an additional 285,304 shares during the period. Anthracite Investment Company Inc.’s holdings in RealReal were worth $2,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Versor Investments LP acquired a new position in RealReal in the third quarter worth approximately $243,000. River Global Investors LLP lifted its position in shares of RealReal by 4.9% during the 3rd quarter. River Global Investors LLP now owns 359,623 shares of the company’s stock valued at $1,127,000 after acquiring an additional 16,896 shares during the last quarter. Quantum Private Wealth LLC boosted its stake in shares of RealReal by 6.1% during the 3rd quarter. Quantum Private Wealth LLC now owns 173,248 shares of the company’s stock worth $544,000 after acquiring an additional 10,000 shares in the last quarter. AM Investment Strategies LLC acquired a new position in shares of RealReal in the 3rd quarter worth $167,000. Finally, Chicago Partners Investment Group LLC raised its position in shares of RealReal by 53.0% during the third quarter. Chicago Partners Investment Group LLC now owns 55,464 shares of the company’s stock worth $163,000 after purchasing an additional 19,215 shares during the period. Institutional investors and hedge funds own 64.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on REAL. UBS Group upped their target price on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Robert W. Baird decreased their target price on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Wedbush dropped their target price on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Northland Capmk upgraded shares of RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Northland Securities began coverage on shares of RealReal in a research report on Monday, September 16th. They set an “outperform” rating and a $6.00 price objective on the stock. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $4.46.

RealReal Stock Performance

RealReal stock opened at $4.32 on Wednesday. The RealReal, Inc. has a twelve month low of $1.52 and a twelve month high of $4.64. The firm has a market cap of $473.86 million, a PE ratio of -4.91 and a beta of 2.79. The firm’s 50 day moving average price is $3.26 and its two-hundred day moving average price is $3.32.

Insider Transactions at RealReal

In other news, Director Karen Katz sold 33,000 shares of RealReal stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $2.62, for a total transaction of $86,460.00. Following the completion of the sale, the director now directly owns 201,301 shares in the company, valued at $527,408.62. The trade was a 14.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.78% of the stock is currently owned by company insiders.

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.