Crestwood Capital Management L.P. Buys 204,226 Shares of The RealReal, Inc. (NASDAQ:REAL)

Crestwood Capital Management L.P. boosted its stake in shares of The RealReal, Inc. (NASDAQ:REAL) by 20.6% during the third quarter, Holdings Channel.com reports. The firm owned 1,193,501 shares of the company’s stock after purchasing an additional 204,226 shares during the quarter. RealReal makes up about 2.9% of Crestwood Capital Management L.P.’s investment portfolio, making the stock its 12th biggest position. Crestwood Capital Management L.P.’s holdings in RealReal were worth $3,748,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fortis Group Advisors LLC increased its position in shares of RealReal by 11.0% during the third quarter. Fortis Group Advisors LLC now owns 77,635 shares of the company’s stock worth $244,000 after purchasing an additional 7,686 shares in the last quarter. Drive Wealth Management LLC purchased a new position in RealReal during the 2nd quarter worth $32,000. Quantum Private Wealth LLC grew its stake in RealReal by 6.1% during the 3rd quarter. Quantum Private Wealth LLC now owns 173,248 shares of the company’s stock worth $544,000 after buying an additional 10,000 shares during the last quarter. Calamos Advisors LLC acquired a new position in RealReal during the 2nd quarter valued at about $34,000. Finally, Evoke Wealth LLC purchased a new stake in RealReal in the second quarter valued at about $36,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal Price Performance

NASDAQ:REAL opened at $5.33 on Tuesday. The company’s fifty day moving average price is $3.43 and its 200-day moving average price is $3.34. The RealReal, Inc. has a 1-year low of $1.52 and a 1-year high of $5.34. The firm has a market capitalization of $584.65 million, a P/E ratio of -6.06 and a beta of 2.79.

Analyst Ratings Changes

A number of brokerages have recently weighed in on REAL. Wedbush dropped their price target on RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Northland Capmk raised shares of RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Northland Securities began coverage on shares of RealReal in a research note on Monday, September 16th. They set an “outperform” rating and a $6.00 price target on the stock. Robert W. Baird lowered their price objective on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, UBS Group boosted their price objective on shares of RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $4.46.

Insider Buying and Selling at RealReal

In other RealReal news, Director Karen Katz sold 33,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $2.62, for a total value of $86,460.00. Following the completion of the transaction, the director now directly owns 201,301 shares of the company’s stock, valued at approximately $527,408.62. The trade was a 14.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.78% of the stock is owned by corporate insiders.

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.