The RealReal, Inc. (NASDAQ:REAL) is Crestwood Capital Management L.P.'s 7th Largest Position

Key Points

• Crestwood Capital Management L.P. has increased its holdings in The RealReal, Inc. by 23.0%, making it the firm's 7th largest position, amounting to 1.30% of the company worth approximately $7.9 million.
• The RealReal recently reported better-than-expected earnings, with a loss of $0.13 per share and revenue of $165.19 million, exceeding analysts' estimates.
• Analysts have a positive outlook on The RealReal, with a majority rating it as a buy and setting an average target price of $11.13.

Crestwood Capital Management L.P. increased its holdings in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 23.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,468,081 shares of the company's stock after acquiring an additional 274,580 shares during the period. RealReal makes up about 6.1% of Crestwood Capital Management L.P.'s holdings, making the stock its 7th largest holding. Crestwood Capital Management L.P. owned approximately 1.30% of RealReal worth $7,913,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Quarry LP boosted its position in shares of RealReal by 120.1% during the fourth quarter. Quarry LP now owns 2,875 shares of the company's stock worth $31,000 after buying an additional 1,569 shares during the period. Teacher Retirement System of Texas purchased a new position in shares of RealReal during the first quarter worth $61,000. GAMMA Investing LLC boosted its position in shares of RealReal by 6,203.2% during the first quarter. GAMMA Investing LLC now owns 13,804 shares of the company's stock worth $74,000 after buying an additional 13,585 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of RealReal during the first quarter worth $86,000. Finally, Jag Capital Management LLC boosted its position in shares of RealReal by 72.5% during the first quarter. Jag Capital Management LLC now owns 19,884 shares of the company's stock worth $107,000 after buying an additional 8,357 shares during the period. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

RealReal Trading Up 2.0%

NASDAQ:REAL opened at $7.80 on Thursday. The firm has a market cap of $898.87 million, a PE ratio of -7.36 and a beta of 2.48. The stock has a fifty day moving average price of $5.54 and a 200 day moving average price of $6.03. The RealReal, Inc. has a 12-month low of $2.24 and a 12-month high of $11.38.

RealReal (NASDAQ:REAL - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates of ($0.15) by $0.02. The business had revenue of $165.19 million during the quarter, compared to analyst estimates of $159.17 million. Equities analysts forecast that The RealReal, Inc. will post -0.4 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. B. Riley reiterated a "buy" rating and issued a $9.00 price objective (up from $8.00) on shares of RealReal in a research note on Friday, August 8th. UBS Group set a $8.00 target price on RealReal and gave the company a "neutral" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, RealReal presently has an average rating of "Buy" and an average target price of $11.13.

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.

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