The RealReal, Inc. $REAL Stake Boosted by Capricorn Fund Managers Ltd

Capricorn Fund Managers Ltd lifted its stake in shares of The RealReal, Inc. (NASDAQ:REAL) by 39.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 548,730 shares of the company’s stock after purchasing an additional 155,833 shares during the quarter. Capricorn Fund Managers Ltd owned about 0.46% of RealReal worth $4,982,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Quarry LP bought a new position in RealReal during the 3rd quarter worth $28,000. Larson Financial Group LLC acquired a new stake in RealReal in the third quarter worth $31,000. Flagship Harbor Advisors LLC bought a new stake in RealReal in the fourth quarter valued at $71,000. Kemnay Advisory Services Inc. bought a new stake in RealReal in the fourth quarter valued at $104,000. Finally, EHP Funds Inc. bought a new stake in RealReal in the 3rd quarter valued at about $107,000. Institutional investors own 64.73% of the company’s stock.

RealReal Stock Down 3.4%

Shares of REAL opened at $11.79 on Wednesday. The firm has a market capitalization of $1.42 billion, a PE ratio of -11.56 and a beta of 2.71. The firm has a 50-day moving average price of $10.73 and a 200 day moving average price of $12.07. The RealReal, Inc. has a 52-week low of $4.71 and a 52-week high of $17.39.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $189.72 million during the quarter, compared to analyst estimates of $187.82 million. The company’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.08) earnings per share. On average, equities analysts expect that The RealReal, Inc. will post -0.15 EPS for the current year.

Insider Transactions at RealReal

In other news, insider Luke Thomas Friang sold 21,183 shares of the business’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 $195,942.75. Following the sale, the insider owned 530,676 shares of the company’s stock, valued at approximately $4,908,753. The trade was a 3.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Steve Ming Lo sold 12,077 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $111,712.25. Following the completion of the sale, the chief accounting officer owned 189,469 shares of the company’s stock, valued at approximately $1,752,588.25. This trade represents a 5.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 166,830 shares of company stock valued at $1,543,178 over the last three months. 2.66% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on REAL shares. Wall Street Zen cut shares of RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Robert W. Baird set a $13.00 price target on RealReal in a report on Friday, May 8th. BTIG Research reiterated a “buy” rating and set a $17.00 price objective on shares of RealReal in a research report on Wednesday, June 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a report on Tuesday, April 21st. Finally, UBS Group restated a “buy” rating on shares of RealReal in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, RealReal currently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

About RealReal

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.