Capricorn Fund Managers Ltd Purchases 101,114 Shares of The RealReal, Inc. (NASDAQ:REAL)

Key Points

• Capricorn Fund Managers Ltd increased its position in The RealReal, Inc. by 12.6%, holding approximately 901,114 shares, valued at about $4.86 million, making it the 18th largest holding in their portfolio.
• Institutional investors, including Vanguard Group and Norges Bank, own a significant 64.73% of The RealReal's stock, reflecting strong institutional interest.
• Analysts have given The RealReal an average rating of "Buy" with a target price of $8.33, despite the company recently missing earnings expectations.

Capricorn Fund Managers Ltd increased its holdings in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 12.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 901,114 shares of the company's stock after acquiring an additional 101,114 shares during the quarter. RealReal makes up approximately 2.6% of Capricorn Fund Managers Ltd's holdings, making the stock its 18th biggest holding. Capricorn Fund Managers Ltd owned 0.80% of RealReal worth $4,857,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of REAL. Quarry LP lifted its holdings in RealReal by 120.1% in the 4th quarter. Quarry LP now owns 2,875 shares of the company's stock valued at $31,000 after acquiring an additional 1,569 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in RealReal in the 1st quarter valued at about $61,000. GAMMA Investing LLC lifted its holdings in RealReal by 6,203.2% in the 1st quarter. GAMMA Investing LLC now owns 13,804 shares of the company's stock valued at $74,000 after acquiring an additional 13,585 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in RealReal in the 1st quarter valued at about $86,000. Finally, Jag Capital Management LLC boosted its position in shares of RealReal by 72.5% in the 1st quarter. Jag Capital Management LLC now owns 19,884 shares of the company's stock valued at $107,000 after purchasing an additional 8,357 shares during the period. Institutional investors and hedge funds own 64.73% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. UBS Group increased their price objective on RealReal from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. B. Riley started coverage on RealReal in a research note on Thursday, July 17th. They issued a "buy" rating and a $8.00 target price on the stock. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, RealReal presently has a consensus rating of "Buy" and an average price target of $8.33.

RealReal Trading Down 0.4%

NASDAQ REAL traded down $0.02 during trading on Friday, hitting $5.24. 3,232,448 shares of the company traded hands, compared to its average volume of 2,323,648. The RealReal, Inc. has a 12 month low of $2.24 and a 12 month high of $11.38. The business has a fifty day simple moving average of $5.40 and a 200 day simple moving average of $6.20. The company has a market capitalization of $592.59 million, a P/E ratio of -4.64 and a beta of 2.48.

RealReal (NASDAQ:REAL - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $160.03 million for the quarter, compared to the consensus estimate of $159.98 million. Equities research analysts predict that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

About RealReal

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.