Kanen Wealth Management LLC Decreases Holdings in The RealReal, Inc. (NASDAQ:REAL)

Kanen Wealth Management LLC decreased its position in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 41.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,729,963 shares of the company's stock after selling 2,644,895 shares during the quarter. RealReal comprises 8.0% of Kanen Wealth Management LLC's holdings, making the stock its 5th largest holding. Kanen Wealth Management LLC owned 3.30% of RealReal worth $20,104,000 at the end of the most recent reporting period.

Analyst Ratings Changes

Separately, UBS Group lifted their target price on RealReal from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, RealReal currently has a consensus rating of "Moderate Buy" and an average price target of $8.40.

RealReal Stock Down 6.9%

Shares of NASDAQ:REAL traded down $0.37 during midday trading on Friday, reaching $4.96. 3,487,294 shares of the company traded hands, compared to its average volume of 2,895,034. The RealReal, Inc. has a 12 month low of $2.24 and a 12 month high of $11.38. The firm has a market capitalization of $560.95 million, a price-to-earnings ratio of -3.84 and a beta of 2.53. The firm's fifty day moving average price is $5.60 and its two-hundred day moving average price is $7.00.

RealReal (NASDAQ:REAL - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). The company had revenue of $160.03 million during the quarter, compared to the consensus estimate of $159.98 million. Analysts forecast that The RealReal, Inc. will post -0.4 earnings per share for the current year.

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.