The RealReal, Inc. (NASDAQ:REAL) Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC reduced its position in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 97.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,807 shares of the company's stock after selling 1,563,193 shares during the period. Boothbay Fund Management LLC's holdings in RealReal were worth $479,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of REAL. R Squared Ltd acquired a new position in shares of RealReal during the 4th quarter worth about $49,000. Harvest Fund Management Co. Ltd acquired a new position in RealReal in the fourth quarter valued at approximately $94,000. Jag Capital Management LLC purchased a new position in RealReal in the fourth quarter valued at approximately $126,000. Olympiad Research LP acquired a new stake in RealReal during the fourth quarter worth approximately $136,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of RealReal during the 4th quarter worth approximately $153,000. Institutional investors and hedge funds own 64.73% of the company's stock.

RealReal Stock Performance

RealReal stock traded up $0.30 during trading hours on Friday, reaching $6.17. 3,762,362 shares of the stock were exchanged, compared to its average volume of 2,702,714. The RealReal, Inc. has a 52-week low of $2.24 and a 52-week high of $11.38. The stock has a market cap of $697.79 million, a P/E ratio of -4.78 and a beta of 2.61. The firm's 50 day moving average is $5.71 and its 200 day moving average is $6.61.

RealReal (NASDAQ:REAL - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share (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. Equities research analysts expect that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Steve Ming Lo sold 23,477 shares of RealReal stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $161,991.30. Following the completion of the transaction, the chief accounting officer now directly owns 330,117 shares of the company's stock, valued at approximately $2,277,807.30. The trade was a 6.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Luke Thomas Friang sold 18,503 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $127,670.70. Following the completion of the sale, the insider now directly owns 556,557 shares in the company, valued at $3,840,243.30. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 258,283 shares of company stock worth $1,782,153. 9.78% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, UBS Group dropped their price target on RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, RealReal has a consensus rating of "Moderate Buy" and a consensus target price of $8.33.

RealReal Company 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.