Hollencrest Capital Management Has $359,000 Position in The RealReal, Inc. (NASDAQ:REAL)

Hollencrest Capital Management cut its stake in shares of The RealReal, Inc. (NASDAQ:REAL) by 42.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,800 shares of the company’s stock after selling 24,000 shares during the period. Hollencrest Capital Management’s holdings in RealReal were worth $359,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its position in RealReal by 22.3% during the third 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 in the last quarter. Barclays PLC grew its position in RealReal by 306.7% during the third quarter. Barclays PLC now owns 136,262 shares of the company’s stock valued at $428,000 after purchasing an additional 102,759 shares in the last quarter. Crestwood Capital Management L.P. grew its position in RealReal by 20.6% during the third 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 in the last quarter. Anthracite Investment Company Inc. grew its position in RealReal by 62.0% during the third 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 in the last quarter. Finally, Woodson Capital Management LP grew its position in RealReal by 2.9% during the third 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 in the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RealReal

In other news, CEO John E. Koryl sold 396,478 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $9.61, for a total value of $3,810,153.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Luke Thomas Friang sold 18,503 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $127,670.70. Following the completion of the transaction, the insider now owns 556,557 shares of the company’s stock, valued at approximately $3,840,243.30. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 654,761 shares of company stock worth $5,592,306 in the last ninety days. 9.78% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

RealReal Price Performance

NASDAQ:REAL opened at $5.86 on Thursday. The stock has a market cap of $651.91 million, a P/E ratio of -4.54 and a beta of 3.00. The RealReal, Inc. has a one year low of $2.24 and a one year high of $11.38. The company has a fifty day moving average price of $8.08 and a 200 day moving average price of $5.89.

RealReal (NASDAQ:REAL) last released 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 company had revenue of $164.00 million for the quarter, compared to analysts’ expectations of $162.69 million. As a group, equities research analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current 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.