Hollencrest Capital Management Sells 24,000 Shares of The RealReal, Inc. (NASDAQ:REAL)

Hollencrest Capital Management lowered its stake in shares of The RealReal, Inc. (NASDAQ:REAL) by 42.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,800 shares of the company’s stock after selling 24,000 shares during the quarter. Hollencrest Capital Management’s holdings in RealReal were worth $359,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of RealReal by 22.3% in the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock valued at $5,342,000 after purchasing an additional 310,116 shares during the last quarter. Barclays PLC boosted its stake in shares of RealReal by 306.7% in the 3rd quarter. Barclays PLC now owns 136,262 shares of the company’s stock valued at $428,000 after purchasing an additional 102,759 shares during the last quarter. Crestwood Capital Management L.P. boosted its stake in shares of RealReal by 20.6% in the 3rd quarter. Crestwood Capital Management L.P. now owns 1,193,501 shares of the company’s stock valued at $3,748,000 after purchasing an additional 204,226 shares during the last quarter. Anthracite Investment Company Inc. boosted its stake in shares of RealReal by 62.0% in the 3rd quarter. Anthracite Investment Company Inc. now owns 745,304 shares of the company’s stock valued at $2,340,000 after purchasing an additional 285,304 shares during the last quarter. Finally, Woodson Capital Management LP boosted its stake in shares of 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 purchasing an additional 150,000 shares during the last quarter. Institutional investors own 64.73% of the company’s stock.

RealReal Price Performance

Shares of NASDAQ:REAL opened at $5.86 on Thursday. The company has a market capitalization of $651.91 million, a price-to-earnings ratio of -4.54 and a beta of 3.00. The firm’s 50 day simple moving average is $8.08 and its 200 day simple moving average is $5.89. The RealReal, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $11.38.

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

Insiders Place Their Bets

In other RealReal news, CEO John E. Koryl sold 396,478 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $9.61, for a total transaction of $3,810,153.58. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Luke Thomas Friang sold 18,503 shares of the firm’s 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 sale, the insider now owns 556,557 shares in the company, valued at $3,840,243.30. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 654,761 shares of company stock worth $5,592,306. Company insiders own 9.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on REAL. UBS Group reduced their target price on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Finally, Northland Securities increased their price target on shares of RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $8.33.

RealReal 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.