Fuller & Thaler Asset Management Inc. Sells 22,660 Shares of The RealReal, Inc. (NASDAQ:REAL)

Fuller & Thaler Asset Management Inc. lowered its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,916 shares of the company’s stock after selling 22,660 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 0.11% of RealReal worth $1,267,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in REAL. R Squared Ltd bought a new position in RealReal in the fourth quarter valued at $49,000. Harvest Fund Management Co. Ltd acquired a new position in shares of RealReal during the 4th quarter worth about $94,000. Jag Capital Management LLC acquired a new stake in shares of RealReal in the fourth quarter valued at about $126,000. Olympiad Research LP acquired a new stake in shares of RealReal in the fourth quarter valued at about $136,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in RealReal during the fourth quarter valued at approximately $153,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, UBS Group lowered their price target on RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Two 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.com, the company has an average rating of “Moderate Buy” and an average price target of $8.33.

Insider Buying and Selling

In related news, insider Luke Thomas Friang sold 18,503 shares of RealReal stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $127,670.70. Following the completion of the sale, the insider now directly owns 556,557 shares of the company’s stock, valued at approximately $3,840,243.30. This trade represents a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Gopal Ajay Madan sold 102,386 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $706,463.40. Following the completion of the transaction, the chief financial officer now directly owns 1,327,198 shares in the company, valued at approximately $9,157,666.20. This represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 258,283 shares of company stock valued at $1,782,153. Company insiders own 9.78% of the company’s stock.

RealReal Stock Up 2.1 %

REAL opened at $6.23 on Friday. The RealReal, Inc. has a 12-month low of $2.24 and a 12-month high of $11.38. The business has a 50 day moving average of $5.83 and a 200-day moving average of $6.50. The stock has a market cap of $704.58 million, a price-to-earnings ratio of -4.83 and a beta of 2.90.

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

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.