Landscape Capital Management L.L.C. Purchases Shares of 673,173 The RealReal, Inc. $REAL

Landscape Capital Management L.L.C. bought a new stake in The RealReal, Inc. (NASDAQ:REAL) in the second quarter, Holdings Channel.com reports. The institutional investor bought 673,173 shares of the company’s stock, valued at approximately $7,937,000. RealReal accounts for approximately 0.5% of Landscape Capital Management L.L.C.’s investment portfolio, making the stock its 25th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Comerica Bank grew its stake in shares of RealReal by 0.3% in the 3rd quarter. Comerica Bank now owns 351,156 shares of the company’s stock valued at $3,733,000 after buying an additional 1,156 shares in the last quarter. Larson Financial Group LLC grew its position in shares of RealReal by 40.7% in the fourth quarter. Larson Financial Group LLC now owns 4,099 shares of the company’s stock valued at $65,000 after purchasing an additional 1,185 shares during the last quarter. Evoke Wealth LLC increased its stake in shares of RealReal by 2.9% in the fourth quarter. Evoke Wealth LLC now owns 43,853 shares of the company’s stock worth $692,000 after purchasing an additional 1,240 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of RealReal by 25.1% in the first quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock worth $57,000 after purchasing an additional 1,253 shares during the period. Finally, DRW Securities LLC lifted its position in shares of RealReal by 10.3% during the 4th quarter. DRW Securities LLC now owns 17,717 shares of the company’s stock worth $280,000 after purchasing an additional 1,650 shares during the last quarter. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

RealReal Price Performance

Shares of REAL stock opened at $11.12 on Friday. The stock’s fifty day simple moving average is $11.66 and its 200 day simple moving average is $10.96. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -9.93 and a beta of 2.69. The RealReal, Inc. has a one year low of $7.21 and a one year high of $17.39.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The company had revenue of $192.57 million for the quarter, compared to analyst estimates of $188.11 million. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, research analysts anticipate that The RealReal, Inc. will post -0.13 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on REAL. UBS Group upped their price target on RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research report on Friday, July 17th. BTIG Research reiterated a “buy” rating and set a $17.00 target price on shares of RealReal in a research note on Wednesday, June 3rd. Robert W. Baird set a $13.00 price objective on shares of RealReal in a report on Friday, May 8th. Finally, Roth Capital reaffirmed a “buy” rating and set a $19.00 price objective on shares of RealReal in a research report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.75.

RealReal 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.