Landscape Capital Management L.L.C. Invests $7.94 Million in The RealReal, Inc. $REAL

Key Points

• Landscape Capital Management acquired 673,173 shares of The RealReal valued at approximately $7.94 million, representing about 0.55% of the company and 0.5% of the fund’s portfolio.
• Institutional ownership remains significant at 64.73%, with several other investment firms recently initiating or increasing positions in RealReal.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $17.75. RealReal also exceeded quarterly earnings and revenue expectations, reporting revenue growth of 16.6% year over year.

Landscape Capital Management L.L.C. acquired a new stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 673,173 shares of the company's stock, valued at approximately $7,937,000. RealReal accounts for 0.5% of Landscape Capital Management L.L.C.'s investment portfolio, making the stock its 25th biggest position. Landscape Capital Management L.L.C. owned about 0.55% of RealReal as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Penn Capital Management Company LLC raised its stake in shares of RealReal by 13.0% during the 4th 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 last quarter. Fifth Third Bancorp acquired a new stake in RealReal in the 1st quarter valued at about $2,270,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in RealReal during the 4th quarter valued at about $3,188,000. Polen Capital Management LLC raised its position in RealReal by 142.9% during the fourth quarter. Polen Capital Management LLC now owns 175,088 shares of the company's stock worth $2,763,000 after acquiring an additional 103,000 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of RealReal in the first quarter valued at approximately $3,955,000. 64.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

REAL has been the topic of several recent research reports. Roth Capital restated a "buy" rating and issued a $19.00 price objective on shares of RealReal in a research report on Friday, August 7th. Robert W. Baird set a $13.00 target price on shares of RealReal in a report on Friday, May 8th. BTIG Research reissued a "buy" rating and issued 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 research note on Friday, July 17th. Finally, UBS Group raised their target price on shares of RealReal from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, RealReal presently has an average rating of "Moderate Buy" and a consensus target price of $17.75.

RealReal Stock Performance

REAL stock opened at $11.12 on Friday. The firm has a market cap of $1.35 billion, a P/E ratio of -9.93 and a beta of 2.69. The RealReal, Inc. has a 1 year low of $7.21 and a 1 year high of $17.39. The stock has a 50-day simple moving average of $11.66 and a 200-day simple moving average of $10.96.

RealReal (NASDAQ:REAL - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. The firm had revenue of $192.57 million during the quarter, compared to analyst estimates of $188.11 million. The company's quarterly revenue was up 16.6% on a year-over-year basis. On average, equities research analysts predict that The RealReal, Inc. will post -0.13 EPS for the current year.

RealReal Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source