The RealReal, Inc. $REAL Shares Bought by Capricorn Fund Managers Ltd

Capricorn Fund Managers Ltd increased its holdings in The RealReal, Inc. (NASDAQ:REAL) by 39.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 548,730 shares of the company’s stock after purchasing an additional 155,833 shares during the quarter. Capricorn Fund Managers Ltd’s holdings in RealReal were worth $4,982,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Comerica Bank lifted its stake in RealReal by 0.3% during the third quarter. Comerica Bank now owns 351,156 shares of the company’s stock valued at $3,733,000 after purchasing an additional 1,156 shares during the last quarter. Larson Financial Group LLC grew its position in RealReal by 40.7% in the fourth quarter. Larson Financial Group LLC now owns 4,099 shares of the company’s stock worth $65,000 after buying an additional 1,185 shares during the last quarter. Evoke Wealth LLC grew its position in RealReal by 2.9% in the fourth quarter. Evoke Wealth LLC now owns 43,853 shares of the company’s stock worth $692,000 after buying an additional 1,240 shares during the last quarter. DRW Securities LLC increased its holdings in shares of RealReal by 10.3% in the fourth quarter. DRW Securities LLC now owns 17,717 shares of the company’s stock valued at $280,000 after buying an additional 1,650 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of RealReal by 4.0% in the fourth quarter. Royal Bank of Canada now owns 44,367 shares of the company’s stock valued at $700,000 after buying an additional 1,694 shares in the last quarter. 64.73% of the stock is currently owned by institutional investors.

Insider Activity at RealReal

In other news, insider Todd A. Suko sold 17,353 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total value of $160,515.25. Following the completion of the sale, the insider owned 605,394 shares of the company’s stock, valued at $5,599,894.50. This trade represents a 2.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Gopal Ajay Madan sold 35,023 shares of RealReal stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $323,962.75. Following the transaction, the chief financial officer owned 1,145,278 shares in the company, valued at $10,593,821.50. This represents a 2.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 166,830 shares of company stock worth $1,543,178. Insiders own 2.66% of the company’s stock.

Wall Street Analyst Weigh In

REAL has been the subject of several research reports. Robert W. Baird set a $13.00 price objective on RealReal in a research note on Friday, May 8th. Wall Street Zen lowered RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. BTIG Research reaffirmed a “buy” rating and set a $17.00 target price on shares of RealReal in a research report on Wednesday, June 3rd. Roth Mkm set a $17.00 target price on RealReal in a report on Friday, May 8th. Finally, UBS Group reiterated a “buy” rating on shares of RealReal in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.25.

RealReal Price Performance

REAL stock opened at $11.79 on Wednesday. The RealReal, Inc. has a 52-week low of $4.71 and a 52-week high of $17.39. The company’s 50 day simple moving average is $10.73 and its 200-day simple moving average is $12.07. The firm has a market capitalization of $1.42 billion, a P/E ratio of -11.56 and a beta of 2.71.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $189.72 million during the quarter, compared to analysts’ expectations of $187.82 million. During the same quarter last year, the company posted ($0.08) EPS. The firm’s revenue was up 18.5% compared to the same quarter last year. Sell-side analysts predict that The RealReal, Inc. will post -0.15 EPS for the current fiscal year.

RealReal Profile

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.