Zurcher Kantonalbank Zurich Cantonalbank Purchases New Stake in The RealReal, Inc. (NASDAQ:REAL)

Key Points

• Zurcher Kantonalbank acquired a new stake in The RealReal, Inc., purchasing 66,538 shares valued at approximately $359,000, representing about 0.06% of the company's stock.
• Analysts have increased price targets for RealReal, with B. Riley setting a target of $9.00 and UBS Group raising theirs to $8.00, while maintaining a consensus rating of "Buy".
• The RealReal reported better-than-expected earnings of ($0.13) EPS and revenue of $165.19 million for the recent quarter, surpassing estimates and showing continued market interest.

Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in The RealReal, Inc. (NASDAQ:REAL - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 66,538 shares of the company's stock, valued at approximately $359,000. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of RealReal at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of RealReal by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 4,905,132 shares of the company's stock worth $53,613,000 after purchasing an additional 121,626 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of RealReal during the 4th quarter valued at approximately $1,678,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of RealReal during the 4th quarter valued at approximately $156,000. Alliancebernstein L.P. raised its position in shares of RealReal by 88.9% during the 4th quarter. Alliancebernstein L.P. now owns 100,850 shares of the company's stock valued at $1,102,000 after buying an additional 47,450 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of RealReal by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company's stock valued at $25,447,000 after buying an additional 33,927 shares during the period. 64.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. B. Riley boosted their target price on shares of RealReal from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Friday. UBS Group increased their target price on shares of RealReal from $7.00 to $8.00 and gave the stock a "neutral" rating in a research note on Friday. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, RealReal presently has a consensus rating of "Buy" and an average price target of $11.13.

RealReal Stock Up 16.2%

NASDAQ REAL traded up $0.89 on Friday, hitting $6.40. The stock had a trading volume of 15,800,989 shares, compared to its average volume of 3,593,433. The RealReal, Inc. has a one year low of $2.24 and a one year high of $11.38. The stock has a market cap of $737.54 million, a price-to-earnings ratio of -6.04 and a beta of 2.48. The company's 50-day moving average is $5.43 and its two-hundred day moving average is $6.03.

RealReal (NASDAQ:REAL - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.02. The company had revenue of $165.19 million during the quarter, compared to the consensus estimate of $159.17 million. On average, sell-side analysts anticipate that The RealReal, Inc. will post -0.4 earnings per share for the current year.

RealReal Profile

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.