Divisadero Street Capital Management LP Sells 486,164 Shares of The RealReal, Inc. (NASDAQ:REAL)

Divisadero Street Capital Management LP lessened its position in The RealReal, Inc. (NASDAQ:REAL) by 79.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 128,463 shares of the company’s stock after selling 486,164 shares during the period. Divisadero Street Capital Management LP’s holdings in RealReal were worth $410,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Drive Wealth Management LLC bought a new position in shares of RealReal in the second quarter valued at about $32,000. Calamos Advisors LLC acquired a new stake in RealReal in the 2nd quarter valued at about $34,000. Crown Wealth Group LLC acquired a new position in shares of RealReal in the 1st quarter valued at $39,000. Searle & CO. bought a new position in shares of RealReal in the 1st quarter worth $39,000. Finally, Game Plan Financial Advisors LLC grew its stake in shares of RealReal by 233.3% during the first quarter. Game Plan Financial Advisors LLC now owns 10,000 shares of the company’s stock worth $39,000 after purchasing an additional 7,000 shares during the period. Institutional investors own 64.73% of the company’s stock.

Insider Buying and Selling

In other RealReal news, CAO Steve Ming Lo sold 20,610 shares of RealReal stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $2.61, for a total value of $53,792.10. Following the sale, the chief accounting officer now owns 508,528 shares of the company’s stock, valued at approximately $1,327,258.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Steve Ming Lo sold 20,610 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $2.61, for a total transaction of $53,792.10. Following the completion of the transaction, the chief accounting officer now directly owns 508,528 shares of the company’s stock, valued at $1,327,258.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Levesque Rati Sahi sold 46,488 shares of RealReal stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total value of $121,333.68. Following the completion of the sale, the president now directly owns 1,210,375 shares in the company, valued at approximately $3,159,078.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 169,863 shares of company stock valued at $477,394. Company insiders own 9.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on REAL. Northland Capmk raised RealReal to a “strong-buy” rating in a research note on Monday. Robert W. Baird lowered their price target on RealReal from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Northland Securities assumed coverage on shares of RealReal in a research note on Monday. They set an “outperform” rating and a $6.00 price objective on the stock. Finally, Wedbush decreased their price objective on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $4.40.

RealReal Trading Up 1.6 %

Shares of REAL opened at $3.26 on Friday. The stock has a 50 day simple moving average of $2.92 and a 200 day simple moving average of $3.38. The RealReal, Inc. has a 52-week low of $1.26 and a 52-week high of $4.64.

RealReal (NASDAQ:REAL) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.02. The company had revenue of $144.93 million during the quarter, compared to analyst estimates of $139.85 million. As a group, equities research analysts anticipate that The RealReal, Inc. will post -0.74 earnings per share for the current fiscal year.

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.