Divisadero Street Capital Management LP Has $27.64 Million Stock Holdings in The RealReal, Inc. $REAL

Divisadero Street Capital Management LP raised its stake in The RealReal, Inc. (NASDAQ:REAL) by 652.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,599,801 shares of the company’s stock after purchasing an additional 2,254,300 shares during the period. RealReal accounts for 1.2% of Divisadero Street Capital Management LP’s holdings, making the stock its 22nd biggest holding. Divisadero Street Capital Management LP’s holdings in RealReal were worth $27,636,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new stake in shares of RealReal in the 3rd quarter valued at about $59,000. EHP Funds Inc. acquired a new position in RealReal during the 3rd quarter worth approximately $107,000. Alberta Investment Management Corp bought a new position in RealReal in the second quarter worth approximately $115,000. Great Lakes Advisors LLC acquired a new stake in RealReal in the third quarter valued at approximately $121,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in RealReal in the third quarter valued at approximately $127,000. Institutional investors own 64.73% of the company’s stock.

RealReal Trading Down 4.1%

Shares of REAL opened at $9.56 on Monday. The stock has a 50 day moving average of $13.50 and a 200 day moving average of $12.66. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -8.77 and a beta of 2.68. The RealReal, Inc. has a 12 month low of $4.61 and a 12 month high of $17.39.

Analyst Ratings Changes

A number of brokerages have recently weighed in on REAL. Wall Street Zen raised RealReal from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a report on Thursday, January 22nd. Wells Fargo & Company raised their price objective on shares of RealReal from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. KeyCorp boosted their target price on shares of RealReal from $16.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. Finally, Northland Securities set a $20.00 price target on shares of RealReal in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, RealReal presently has an average rating of “Moderate Buy” and an average price target of $18.06.

Insider Transactions at RealReal

In related news, CAO Steve Ming Lo sold 16,962 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $10.72, for a total value of $181,832.64. Following the transaction, the chief accounting officer directly owned 170,236 shares of the company’s stock, valued at approximately $1,824,929.92. The trade was a 9.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Todd A. Suko sold 45,947 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $10.72, for a total transaction of $492,551.84. Following the transaction, the insider owned 560,563 shares of the company’s stock, valued at approximately $6,009,235.36. The trade was a 7.58% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 235,298 shares of company stock worth $2,522,395. Company insiders own 9.00% of the company’s stock.

RealReal Company 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.