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

Crestwood Capital Management L.P. boosted its holdings in shares of The RealReal, Inc. (NASDAQ:REAL) by 20.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,193,501 shares of the company’s stock after purchasing an additional 204,226 shares during the quarter. RealReal comprises 2.9% of Crestwood Capital Management L.P.’s portfolio, making the stock its 12th biggest holding. Crestwood Capital Management L.P. owned 1.09% of RealReal worth $3,748,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in REAL. Drive Wealth Management LLC bought a new stake in shares of RealReal in the second quarter worth about $32,000. Calamos Advisors LLC purchased a new position in shares of RealReal in the 2nd quarter worth $34,000. Evoke Wealth LLC bought a new stake in shares of RealReal in the 2nd quarter worth about $36,000. Principal Financial Group Inc. purchased a new stake in shares of RealReal during the 2nd quarter valued at about $39,000. Finally, Park Edge Advisors LLC bought a new position in shares of RealReal in the 3rd quarter valued at about $41,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RealReal

In other RealReal news, Director Karen Katz sold 33,000 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $2.62, for a total transaction of $86,460.00. Following the transaction, the director now directly owns 201,301 shares in the company, valued at $527,408.62. This trade represents a 14.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 9.78% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on REAL shares. Northland Securities assumed coverage on RealReal in a research note on Monday, September 16th. They set an “outperform” rating and a $6.00 price objective on the stock. Northland Capmk upgraded RealReal to a “strong-buy” rating in a report on Monday, September 16th. Wedbush lowered their price target on RealReal from $4.50 to $4.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. 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 research report on Tuesday, November 5th. Finally, Robert W. Baird lowered their target price on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4.46.

RealReal Trading Up 12.4 %

Shares of REAL opened at $5.33 on Tuesday. The firm has a fifty day moving average price of $3.43 and a 200-day moving average price of $3.34. The firm has a market capitalization of $584.65 million, a P/E ratio of -6.06 and a beta of 2.79. The RealReal, Inc. has a 12-month low of $1.52 and a 12-month high of $5.34.

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.