Manatuck Hill Partners LLC Sells 423,700 Shares of The RealReal, Inc. $REAL

Manatuck Hill Partners LLC reduced its holdings in The RealReal, Inc. (NASDAQ:REAL) by 33.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 855,255 shares of the company’s stock after selling 423,700 shares during the quarter. RealReal accounts for approximately 4.7% of Manatuck Hill Partners LLC’s portfolio, making the stock its largest position. Manatuck Hill Partners LLC’s holdings in RealReal were worth $13,496,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in RealReal by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 6,336,596 shares of the company’s stock valued at $99,991,000 after buying an additional 406,789 shares during the period. State Street Corp increased its stake in RealReal by 4.2% in the fourth quarter. State Street Corp now owns 2,746,238 shares of the company’s stock valued at $43,336,000 after purchasing an additional 111,677 shares in the last quarter. Two Sigma Investments LP increased its stake in RealReal by 6.6% in the third quarter. Two Sigma Investments LP now owns 2,628,770 shares of the company’s stock valued at $27,944,000 after purchasing an additional 162,804 shares in the last quarter. Divisadero Street Capital Management LP increased its stake in RealReal by 652.5% in the third quarter. Divisadero Street Capital Management LP now owns 2,599,801 shares of the company’s stock valued at $27,636,000 after purchasing an additional 2,254,300 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in RealReal by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 2,447,182 shares of the company’s stock valued at $38,624,000 after purchasing an additional 53,567 shares in the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at RealReal

In other news, insider Todd A. Suko sold 17,353 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.25, for a total transaction of $160,515.25. Following the completion of the sale, the insider owned 605,394 shares in the company, valued at approximately $5,599,894.50. This trade represents a 2.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Luke Thomas Friang sold 21,183 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $9.25, for a total transaction of $195,942.75. Following the sale, the insider owned 530,676 shares of the company’s stock, valued at approximately $4,908,753. This represents a 3.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 166,830 shares of company stock worth $1,543,178 in the last quarter. 2.66% of the stock is owned by corporate insiders.

RealReal Stock Up 0.7%

Shares of REAL stock opened at $11.39 on Thursday. The firm has a fifty day moving average of $10.38 and a 200-day moving average of $12.19. The RealReal, Inc. has a 12-month low of $4.70 and a 12-month high of $17.39. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -11.17 and a beta of 2.71.

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

Wall Street Analyst Weigh In

REAL has been the subject of several recent analyst reports. Robert W. Baird set a $13.00 target price on shares of RealReal in a research note on Friday, May 8th. Wall Street Zen downgraded shares of RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research note on Tuesday, April 21st. BTIG Research reaffirmed a “buy” rating and issued a $17.00 target price on shares of RealReal in a research note on Wednesday, June 3rd. Finally, Roth Mkm set a $17.00 target price on shares of RealReal in a research note on Friday, May 8th. One 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 assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

RealReal Profile

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.