Crestwood Capital Management L.P. Grows Stock Holdings in The RealReal, Inc. $REAL

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. lifted its position in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 23.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,468,081 shares of the company's stock after buying an additional 274,580 shares during the quarter. RealReal comprises about 6.1% of Crestwood Capital Management L.P.'s holdings, making the stock its 7th largest position. Crestwood Capital Management L.P. owned 1.30% of RealReal worth $7,913,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Quarry LP grew its holdings in RealReal by 120.1% in the fourth quarter. Quarry LP now owns 2,875 shares of the company's stock worth $31,000 after purchasing an additional 1,569 shares during the period. Teacher Retirement System of Texas acquired a new stake in RealReal in the first quarter worth $61,000. PharVision Advisers LLC acquired a new stake in RealReal in the fourth quarter worth $133,000. GAMMA Investing LLC lifted its stake in shares of RealReal by 6,203.2% in the first quarter. GAMMA Investing LLC now owns 13,804 shares of the company's stock valued at $74,000 after buying an additional 13,585 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of RealReal during the first quarter valued at about $86,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.

RealReal Trading Up 4.0%

Shares of REAL traded up $0.31 during trading hours on Monday, reaching $8.04. 2,868,478 shares of the stock traded hands, compared to its average volume of 3,371,895. The stock has a fifty day simple moving average of $5.63 and a 200 day simple moving average of $5.97. The RealReal, Inc. has a 52 week low of $2.24 and a 52 week high of $11.38. The company has a market cap of $926.53 million, a price-to-earnings ratio of -7.58 and a beta of 2.48.

RealReal (NASDAQ:REAL - Get Free Report) last released 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 firm had revenue of $165.19 million for the quarter, compared to the consensus estimate of $159.17 million. Analysts predict that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

REAL has been the subject of a number of analyst reports. UBS Group set a $8.00 price objective on shares of RealReal and gave the company a "neutral" rating in a report on Friday, August 8th. B. Riley reiterated a "buy" rating and set a $9.00 price objective (up from $8.00) on shares of RealReal in a report on Friday, August 8th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, RealReal currently has an average rating of "Buy" and a consensus price target 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.