Landscape Capital Management L.L.C. Has $9.62 Million Stock Holdings in The RealReal, Inc. $REAL

Landscape Capital Management L.L.C. lessened its holdings in The RealReal, Inc. (NASDAQ:REAL) by 47.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 609,792 shares of the company’s stock after selling 560,320 shares during the period. RealReal comprises approximately 0.6% of Landscape Capital Management L.L.C.’s portfolio, making the stock its 18th biggest position. Landscape Capital Management L.L.C.’s holdings in RealReal were worth $9,623,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Penn Capital Management Company LLC boosted its position in shares of RealReal by 13.0% in the fourth quarter. Penn Capital Management Company LLC now owns 1,336,674 shares of the company’s stock worth $21,112,000 after buying an additional 153,806 shares during the period. BIT Capital GmbH acquired a new stake in shares of RealReal in the third quarter worth $10,912,000. American Century Companies Inc. boosted its position in shares of RealReal by 3,474.7% in the third quarter. American Century Companies Inc. now owns 1,837,907 shares of the company’s stock worth $19,537,000 after buying an additional 1,786,493 shares during the period. Tudor Investment Corp ET AL boosted its stake in shares of RealReal by 25.8% during the 3rd quarter. Tudor Investment Corp ET AL now owns 689,998 shares of the company’s stock valued at $7,335,000 after buying an additional 141,699 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its stake in shares of RealReal by 501.0% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,961,057 shares of the company’s stock valued at $20,846,000 after buying an additional 1,634,782 shares during the period. Institutional investors and hedge funds own 64.73% of the company’s stock.

Insider Buying and Selling

In other RealReal news, CEO Levesque Rati Sahi sold 81,194 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $9.25, for a total value of $751,044.50. Following the completion of the sale, the chief executive officer owned 1,581,276 shares of the company’s stock, valued at $14,626,803. The trade was a 4.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Todd A. Suko sold 17,353 shares of the business’s stock in a transaction dated 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 directly owned 605,394 shares of the company’s stock, valued at $5,599,894.50. This represents a 2.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 218,415 shares of company stock valued at $2,022,402. 2.66% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. UBS Group reaffirmed a “buy” rating on shares of RealReal in a research note on Wednesday, June 3rd. Wall Street Zen downgraded RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research report on Tuesday, April 21st. BTIG Research reaffirmed a “buy” rating and set a $17.00 price target on shares of RealReal in a research note on Wednesday, June 3rd. Finally, Roth Mkm set a $17.00 price target on RealReal in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

RealReal Trading Up 4.5%

REAL stock opened at $10.28 on Friday. The RealReal, Inc. has a 1 year low of $4.70 and a 1 year high of $17.39. The company has a fifty day simple moving average of $10.26 and a 200 day simple moving average of $12.26. The firm has a market cap of $1.24 billion, a PE ratio of -10.08 and a beta of 2.71.

RealReal (NASDAQ:REAL) last announced 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. During the same period in the prior year, the firm earned ($0.08) EPS. RealReal’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, analysts forecast that The RealReal, Inc. will post -0.15 EPS for the current fiscal year.

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.