Capricorn Fund Managers Ltd Buys 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 lifted its holdings in The RealReal, Inc. (NASDAQ:REAL - Free Report) by 12.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 901,114 shares of the company's stock after purchasing an additional 101,114 shares during the period. RealReal makes up 2.6% of Capricorn Fund Managers Ltd's holdings, making the stock its 18th biggest holding. Capricorn Fund Managers Ltd owned approximately 0.80% of RealReal worth $4,857,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP lifted its stake in shares of RealReal by 120.1% in the 4th quarter. Quarry LP now owns 2,875 shares of the company's stock worth $31,000 after acquiring an additional 1,569 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of RealReal in the 1st quarter worth $61,000. GAMMA Investing LLC lifted its stake in shares of RealReal by 6,203.2% in the 1st quarter. GAMMA Investing LLC now owns 13,804 shares of the company's stock worth $74,000 after acquiring an additional 13,585 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of RealReal in the 1st quarter worth $86,000. Finally, Jag Capital Management LLC lifted its stake 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 worth $107,000 after acquiring an additional 8,357 shares during the period. Institutional investors and hedge funds own 64.73% of the company's stock.

RealReal Trading Down 2.9%

RealReal stock traded down $0.16 during trading hours on Wednesday, reaching $5.35. 2,382,860 shares of the company were exchanged, compared to its average volume of 2,347,479. The firm has a market cap of $605.03 million, a price-to-earnings ratio of -4.73 and a beta of 2.46. The stock has a 50-day moving average of $5.39 and a 200 day moving average of $6.25. The RealReal, Inc. has a 12 month low of $2.24 and a 12 month high of $11.38.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on REAL. UBS Group increased their price target on shares of RealReal from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Friday, May 9th. B. Riley began coverage on shares of RealReal in a report on Thursday, July 17th. They issued a "buy" rating and a $8.00 price target for the company. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $8.33.

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.