Landscape Capital Management L.L.C. Boosts Holdings in The RealReal, Inc. $REAL

Landscape Capital Management L.L.C. lifted its holdings in The RealReal, Inc. (NASDAQ:REAL) by 23.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,170,112 shares of the company’s stock after acquiring an additional 218,575 shares during the quarter. RealReal accounts for about 0.8% of Landscape Capital Management L.L.C.’s holdings, making the stock its 16th biggest holding. Landscape Capital Management L.L.C. owned approximately 1.00% of RealReal worth $12,438,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in RealReal by 7.7% in the 3rd quarter. Vanguard Group Inc. now owns 5,929,807 shares of the company’s stock worth $63,034,000 after purchasing an additional 425,674 shares during the period. Marshall Wace LLP grew its stake in shares of RealReal by 3.4% during the second quarter. Marshall Wace LLP now owns 4,321,577 shares of the company’s stock valued at $20,700,000 after buying an additional 143,165 shares during the last quarter. Jupiter Asset Management Ltd. grew its stake in shares of RealReal by 501.0% during the third 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 last quarter. Squarepoint Ops LLC increased its holdings in shares of RealReal by 10.1% in the second quarter. Squarepoint Ops LLC now owns 1,927,599 shares of the company’s stock worth $9,233,000 after buying an additional 176,412 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of RealReal by 3,474.7% in the 3rd quarter. American Century Companies Inc. now owns 1,837,907 shares of the company’s stock valued at $19,537,000 after acquiring an additional 1,786,493 shares during the last quarter. Hedge funds and other institutional investors own 64.73% of the company’s stock.

Insider Transactions at RealReal

In other RealReal news, CAO Steve Ming Lo sold 16,962 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total transaction of $181,832.64. Following the transaction, the chief accounting officer directly owned 170,236 shares of the company’s stock, valued at approximately $1,824,929.92. The trade was a 9.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Luke Thomas Friang sold 19,609 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $10.72, for a total transaction of $210,208.48. Following the completion of the transaction, the insider owned 479,656 shares of the company’s stock, valued at $5,141,912.32. This trade represents a 3.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 235,298 shares of company stock worth $2,522,395. Corporate insiders own 9.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. B. Riley Financial raised their price target on RealReal from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a research report on Thursday, January 22nd. Robert W. Baird increased their price objective on RealReal from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, February 27th. BTIG Research restated a “buy” rating and issued a $18.00 target price on shares of RealReal in a report on Friday, February 27th. Finally, UBS Group lifted their target price on shares of RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, RealReal has an average rating of “Moderate Buy” and a consensus price target of $18.06.

RealReal Stock Performance

Shares of NASDAQ REAL traded down $0.00 during trading hours on Friday, hitting $9.97. The company’s stock had a trading volume of 315,461 shares, compared to its average volume of 3,288,613. The RealReal, Inc. has a 12 month low of $4.61 and a 12 month high of $17.39. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -9.15 and a beta of 2.67. The business has a 50-day simple moving average of $13.62 and a 200-day simple moving average of $12.58.

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.