Manatuck Hill Partners LLC Sells 1,600,000 Shares of The RealReal, Inc. (NASDAQ:REAL)

Manatuck Hill Partners LLC decreased its holdings in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 48.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,700,000 shares of the company's stock after selling 1,600,000 shares during the quarter. RealReal makes up about 7.6% of Manatuck Hill Partners LLC's holdings, making the stock its biggest position. Manatuck Hill Partners LLC owned approximately 1.55% of RealReal worth $18,581,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of RealReal by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 4,905,132 shares of the company's stock worth $53,613,000 after buying an additional 121,626 shares during the period. Geode Capital Management LLC boosted its holdings in RealReal by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company's stock valued at $25,447,000 after purchasing an additional 33,927 shares during the period. Norges Bank bought a new stake in RealReal in the 4th quarter valued at $11,989,000. Quinn Opportunity Partners LLC boosted its holdings in RealReal by 233.3% in the 4th quarter. Quinn Opportunity Partners LLC now owns 1,066,057 shares of the company's stock valued at $11,652,000 after purchasing an additional 746,172 shares during the period. Finally, Invesco Ltd. boosted its holdings in RealReal by 413.4% in the 4th quarter. Invesco Ltd. now owns 1,053,911 shares of the company's stock valued at $11,519,000 after purchasing an additional 848,640 shares during the period. 64.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, UBS Group reduced their price target on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, RealReal currently has an average rating of "Moderate Buy" and an average price target of $8.33.

Insider Transactions at RealReal

In other news, CAO Steve Ming Lo sold 23,477 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value 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. This represents a 6.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Luke Thomas Friang sold 18,503 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $127,670.70. Following the completion of the transaction, the insider now directly owns 556,557 shares of the company's stock, valued at approximately $3,840,243.30. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 258,283 shares of company stock valued at $1,782,153. Corporate insiders own 9.78% of the company's stock.

RealReal Stock Performance

NASDAQ:REAL opened at $5.87 on Friday. The company has a 50-day moving average of $5.72 and a 200-day moving average of $6.57. The RealReal, Inc. has a 52 week low of $2.24 and a 52 week high of $11.38. The company has a market capitalization of $663.86 million, a price-to-earnings ratio of -4.55 and a beta of 2.90.

RealReal (NASDAQ:REAL - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.52). The business had revenue of $164.00 million for the quarter, compared to analysts' expectations of $162.69 million. Sell-side analysts forecast that The RealReal, Inc. will post -0.4 EPS for the current year.

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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