The RealReal, Inc. $REAL Shares Sold by Crestwood Capital Management L.P.

Crestwood Capital Management L.P. trimmed its stake in shares of The RealReal, Inc. (NASDAQ:REAL) by 6.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,343,081 shares of the company’s stock after selling 100,000 shares during the quarter. RealReal comprises 13.4% of Crestwood Capital Management L.P.’s investment portfolio, making the stock its 2nd biggest holding. Crestwood Capital Management L.P. owned 1.15% of RealReal worth $21,194,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in RealReal during the 3rd quarter worth approximately $28,000. Larson Financial Group LLC acquired a new stake in RealReal during the 3rd quarter worth approximately $31,000. Flagship Harbor Advisors LLC acquired a new stake in RealReal during the 4th quarter worth approximately $71,000. EHP Funds Inc. acquired a new stake in RealReal during the 3rd quarter worth approximately $107,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in RealReal during the 3rd quarter worth approximately $108,000. 64.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on REAL shares. Roth Mkm set a $17.00 price objective on RealReal in a research report on Friday, May 8th. UBS Group reaffirmed a “buy” rating on shares of RealReal in a research report on Wednesday. Wall Street Zen cut RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research report on Tuesday, April 21st. Finally, BTIG Research reaffirmed a “buy” rating and set a $17.00 price objective on shares of RealReal in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $17.25.

Insiders Place Their Bets

In other news, insider Luke Thomas Friang sold 21,183 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total value of $195,942.75. Following the completion of the sale, the insider directly owned 530,676 shares of the company’s stock, valued at $4,908,753. This trade represents a 3.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gopal Ajay Madan sold 35,023 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $323,962.75. Following the completion of the sale, the chief financial officer directly owned 1,145,278 shares of the company’s stock, valued at $10,593,821.50. This represents a 2.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 218,415 shares of company stock worth $2,022,402. Corporate insiders own 2.66% of the company’s stock.

RealReal Price Performance

REAL opened at $8.87 on Monday. The business has a 50 day simple moving average of $10.18 and a 200-day simple moving average of $12.39. The stock has a market capitalization of $1.07 billion, a P/E ratio of -8.70 and a beta of 2.72. The RealReal, Inc. has a 12 month low of $4.70 and a 12 month high of $17.39.

RealReal (NASDAQ:REAL) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $189.72 million during the quarter, compared to analyst estimates of $187.82 million. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.08) earnings per share. Research analysts anticipate that The RealReal, Inc. will post -0.15 EPS for the current year.

About RealReal

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.