B. Riley started coverage on shares of RealReal (NASDAQ:REAL - Free Report) in a research report report published on Thursday, Marketbeat reports. The firm issued a buy rating and a $8.00 price objective on the stock.
Separately, UBS Group upped their target price on RealReal from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $8.33.
Check Out Our Latest Report on RealReal
RealReal Stock Up 3.2%
REAL stock traded up $0.18 during midday trading on Thursday, reaching $5.82. The stock had a trading volume of 2,131,462 shares, compared to its average volume of 2,911,358. RealReal has a twelve month low of $2.24 and a twelve month high of $11.38. The firm has a market cap of $658.18 million, a price-to-earnings ratio of -5.15 and a beta of 2.46. The business has a fifty day simple moving average of $5.32 and a two-hundred day simple moving average of $6.41.
RealReal (NASDAQ:REAL - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). The company had revenue of $160.03 million during the quarter, compared to analyst estimates of $159.98 million. On average, equities analysts predict that RealReal will post -0.4 earnings per share for the current fiscal year.
Institutional Investors Weigh In On RealReal
A number of hedge funds have recently made changes to their positions in the company. Game Plan Financial Advisors LLC raised its holdings in shares of RealReal by 52.8% in the first quarter. Game Plan Financial Advisors LLC now owns 5,500 shares of the company's stock worth $30,000 after buying an additional 1,900 shares during the period. Quarry LP boosted its holdings in shares of RealReal by 120.1% in the fourth quarter. Quarry LP now owns 2,875 shares of the company's stock valued at $31,000 after purchasing an additional 1,569 shares during the period. AlphaQuest LLC purchased a new stake in shares of RealReal in the first quarter valued at approximately $59,000. Farther Finance Advisors LLC purchased a new stake in shares of RealReal in the second quarter valued at approximately $60,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of RealReal in the first quarter valued at approximately $61,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.
RealReal Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider RealReal, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RealReal wasn't on the list.
While RealReal currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
