Versor Investments LP Reduces Holdings in The RealReal, Inc. (NASDAQ:REAL)

Versor Investments LP lowered its position in The RealReal, Inc. (NASDAQ:REAL) by 18.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 63,300 shares of the company’s stock after selling 14,100 shares during the quarter. Versor Investments LP’s holdings in RealReal were worth $692,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Anchorage Capital Advisors L.P. acquired a new position in RealReal in the 3rd quarter worth $10,675,000. Woodson Capital Management LP lifted its holdings in RealReal by 2.9% in the 3rd quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock worth $16,956,000 after buying an additional 150,000 shares in the last quarter. Geode Capital Management LLC lifted its holdings in RealReal by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company’s stock worth $7,204,000 after buying an additional 44,716 shares in the last quarter. State Street Corp lifted its holdings in RealReal by 22.3% in the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock worth $5,342,000 after buying an additional 310,116 shares in the last quarter. Finally, Crestwood Capital Management L.P. lifted its holdings in RealReal by 20.6% in the 3rd quarter. Crestwood Capital Management L.P. now owns 1,193,501 shares of the company’s stock worth $3,748,000 after buying an additional 204,226 shares in the last quarter. Institutional investors and hedge funds own 64.73% of the company’s stock.

Insider Buying and Selling

In related news, CEO John E. Koryl sold 396,478 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $9.61, for a total transaction of $3,810,153.58. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Steve Ming Lo sold 96,666 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $6.10, for a total transaction of $589,662.60. Following the sale, the chief accounting officer now owns 391,525 shares in the company, valued at approximately $2,388,302.50. This trade represents a 19.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 751,427 shares of company stock worth $6,181,969 over the last quarter. 9.78% of the stock is owned by company insiders.

RealReal Stock Performance

Shares of RealReal stock opened at $6.82 on Friday. The firm has a market cap of $758.70 million, a PE ratio of -5.29 and a beta of 2.83. The firm’s 50-day simple moving average is $8.84 and its 200-day simple moving average is $5.71. The RealReal, Inc. has a 1 year low of $1.72 and a 1 year high of $11.38.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) earnings per share 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. On average, equities analysts predict that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on REAL. Northland Securities boosted their price objective on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. UBS Group cut their price objective on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $4.00 to $15.00 in a research note on Monday, December 9th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average 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.