Manatuck Hill Partners LLC Decreases Stock Position in The RealReal, Inc. (NASDAQ:REAL)

Manatuck Hill Partners LLC cut its holdings in shares of The RealReal, Inc. (NASDAQ:REAL) by 48.5% during the fourth quarter, Holdings Channel reports. The fund owned 1,700,000 shares of the company’s stock after selling 1,600,000 shares during the period. RealReal makes up about 7.6% of Manatuck Hill Partners LLC’s portfolio, making the stock its biggest position. Manatuck Hill Partners LLC’s holdings in RealReal were worth $18,581,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of REAL. Barclays PLC boosted its position in 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 buying an additional 102,759 shares during the last quarter. Geode Capital Management LLC boosted its position in RealReal by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company’s stock valued at $7,204,000 after buying an additional 44,716 shares during the last quarter. JPMorgan Chase & Co. boosted its position in RealReal by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company’s stock valued at $2,319,000 after buying an additional 97,700 shares during the last quarter. R Squared Ltd bought a new position in RealReal in the 4th quarter valued at $49,000. Finally, Stephens Inc. AR bought a new position in RealReal in the 4th quarter valued at $978,000. 64.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Luke Thomas Friang sold 18,503 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $3,840,243.30. This trade represents a 3.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Steve Ming Lo sold 23,477 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $161,991.30. Following the sale, the chief accounting officer now directly owns 330,117 shares in the company, valued at $2,277,807.30. The trade was a 6.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 258,283 shares of company stock valued at $1,782,153. 9.78% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, UBS Group cut their price target on RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.33.

RealReal Stock Up 1.2 %

REAL stock opened at $5.87 on Friday. The business’s fifty day moving average is $5.72 and its 200-day moving average is $6.57. The company has a market cap of $663.86 million, a P/E ratio of -4.55 and a beta of 2.90. The RealReal, Inc. has a twelve month low of $2.24 and a twelve month high of $11.38.

RealReal (NASDAQ:REAL) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The firm had revenue of $164.00 million during the quarter, compared to the consensus estimate of $162.69 million. Research analysts anticipate that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

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.