Woodson Capital Management LP Trims Position in The RealReal, Inc. (NASDAQ:REAL)

Woodson Capital Management LP trimmed its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 38.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,350,000 shares of the company’s stock after selling 2,050,000 shares during the quarter. RealReal accounts for 6.0% of Woodson Capital Management LP’s portfolio, making the stock its 3rd largest position. Woodson Capital Management LP owned approximately 3.05% of RealReal worth $36,616,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in REAL. JPMorgan Chase & Co. boosted its position in shares of RealReal by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company’s stock worth $2,319,000 after purchasing an additional 97,700 shares in the last quarter. R Squared Ltd bought a new stake in RealReal in the 4th quarter valued at $49,000. Stephens Inc. AR bought a new stake in RealReal in the 4th quarter valued at $978,000. Rhumbline Advisers lifted its position in RealReal by 7.4% in the 4th quarter. Rhumbline Advisers now owns 143,743 shares of the company’s stock valued at $1,571,000 after acquiring an additional 9,893 shares in the last quarter. Finally, Fortis Group Advisors LLC lifted its position in RealReal by 15.1% in the 4th quarter. Fortis Group Advisors LLC now owns 89,380 shares of the company’s stock valued at $977,000 after acquiring an additional 11,745 shares in the last quarter. 64.73% of the stock is owned by institutional investors.

RealReal Stock Performance

REAL opened at $5.43 on Tuesday. The business’s 50-day simple moving average is $5.72 and its 200 day simple moving average is $6.87. The RealReal, Inc. has a 52-week low of $2.24 and a 52-week high of $11.38. The firm has a market capitalization of $614.10 million, a PE ratio of -4.21 and a beta of 2.61.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The company had revenue of $160.03 million during the quarter, compared to analysts’ expectations of $159.98 million. On average, research analysts forecast that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, UBS Group boosted their price objective on shares of RealReal from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Friday, May 9th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, RealReal has a consensus rating of “Moderate Buy” and an average target price of $8.40.

Insider Activity at RealReal

In other news, insider Luke Thomas Friang sold 18,503 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $127,670.70. Following the sale, the insider now directly owns 556,557 shares of the company’s stock, valued at approximately $3,840,243.30. This represents a 3.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Steve Ming Lo sold 23,477 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $161,991.30. Following the completion of the sale, the chief accounting officer now directly owns 330,117 shares in the company, valued at approximately $2,277,807.30. The trade was a 6.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 258,283 shares of company stock valued at $1,782,153. Insiders own 9.78% of the company’s stock.

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.