Woodson Capital Management LP has recently announced that it has increased stake in The RealReal Inc. (NASDAQ:REAL) by 28.95%. After grabbing 4.9 million shares, the institutional investor is now in possession of 1.1 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 4.89% having worth around $13.43 million. Moreover, Manatuck Hill Partners LLC increased its share by 1.85 million to have a control over 3.45 million shares. And Millennium Management LLC raised its holdings to 0.7 million shares by acquiring 3.02 million shares or 3.02% of the stake.
The RealReal Inc. (REAL) concluded trading on 09/14/23 at a closing price of $2.45, with 2.39 million shares of worth about $5.85 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 88.46% during that period and on Thursday the price saw a gain of about 2.94%. Currently the company’s common shares owned by public are about 100.97M shares, out of which, 92.67M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 11 analysts are covering the REAL stock and their offered price forecasts bring an average price target of $3.11. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $6.00 and could fall to a lowest price of $1.50. The stock’s current price level is 14.04% above of average price target set by the analysts, while a rise to estimated low would result in loss of -63.33% for the stock. However, touching the estimated high of $6.00 would mean a gain of 59.17% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 81 times over the past 12 months. They bought 5,332,629 shares in 17 of the transactions. In 64 selling transactions, insiders dumped 365,427 shares.
Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Greater Canada Fund are the top 3 mutual funds which are holding stakes in The RealReal Inc. Vanguard Total Stock Market ETF is currently holding 3.06 million shares of worth totaling $8.39 million. The company recently came buying 0.0 shares which brought its stake up to 3.06% of the company’s outstanding shares. Vanguard Extended Market Index Fu sold 33600.0 shares, after which its hold over company’s outstanding shares shrunk to 1.38%, leaving 1.38 million shares with the mutual fund that have a worth of about $3.79 million. Fidelity Greater Canada Fund, after buying 1.35 million shares, have now control over 1.35% of the stake in the company. It holds 0.0 shares of worth $3.7 million.
The RealReal Inc. (NASDAQ: REAL) started trading at $2.43, above $0.05 from concluding price of the previous day. However, the stock later moved at a day high price of 2.5600, or with a gain of 2.94%. Stock saw a price change of -7.89% in past 5 days and over the past one month there was a price change of -0.20%. Year-to-date (YTD), REAL shares are showing a performance of 96.00% which increased to 8.41% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.00 but also hit the highest price of $2.94 during that period. The average intraday trading volume for The RealReal Inc. shares is 4.05 million. The stock is currently trading -1.71% below its 20-day simple moving average (SMA20), while that difference is down -1.78% for SMA50 and it goes to 45.59% higher than SMA200.
Woodson Capital Management LP acquired 4.9 million shares of The RealReal Inc. having value of about $13.43 million. Data submitted at the U.S SEC by Woodson Capital Management LP revealed that the firm now holds 1.1 million shares in the company valued at close to $2695000.0, or have control over 28.95% stake in the company. The RealReal Inc. (NASDAQ: REAL) currently have 100.97M outstanding shares and institutions hold larger chunk of about 75.70% of that. Holding of mutual funds in the company is about 32.20% while other institutional holders and individual stake holders have control over 34.86% and 11.14% of the stake respectively.
The stock has a current market capitalization of $262.08M and its 3Y-monthly beta is at 2.65. It has posted earnings per share of -$2.12 in the same period. It has Quick Ratio of 1.30. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for REAL, volatility over the week remained 6.52% while standing at 7.76% over the month.
Analysts are in expectations that The RealReal Inc. (REAL) stock would likely to be making an EPS of -$0.26 in the current quarter, while forecast for next quarter EPS is -$0.13 and it is -$0.52 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.28 which is -$0.24 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.38 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 20.70% while it is estimated to increase by 52.30% in next year. EPS is likely to grow at an annualized rate of 38.60% for next 5-years, compared to annual growth of -25.30% made by the stock over the past 5-years.
Analysts at 11 brokerage firms have issued recommendations for the The RealReal Inc. (REAL)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.40. Out of those 11 Wall Street analysts, 3 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on June 29, 2023 offering a Buy rating for the stock and assigned a target price range of between $1 and $1.85 to it.