The RealReal, Inc. (NASDAQ:REAL - Get Free Report) saw unusually large options trading on Wednesday. Traders bought 5,231 call options on the company. This is an increase of approximately 182% compared to the average daily volume of 1,855 call options.
Wall Street Analysts Forecast Growth
Separately, UBS Group boosted their price target on RealReal from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $8.40.
Check Out Our Latest Stock Report on REAL
Institutional Investors Weigh In On RealReal
Hedge funds and other institutional investors have recently bought and sold shares of the company. Trexquant Investment LP bought a new stake in RealReal during the 4th quarter worth $3,262,000. JPMorgan Chase & Co. grew its position in RealReal by 15.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company's stock worth $2,319,000 after acquiring an additional 97,700 shares during the last quarter. Aigen Investment Management LP grew its position in RealReal by 513.5% during the 4th quarter. Aigen Investment Management LP now owns 93,550 shares of the company's stock worth $1,023,000 after acquiring an additional 78,301 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in RealReal during the 4th quarter worth $156,000. Finally, G2 Investment Partners Management LLC bought a new stake in shares of RealReal in the 4th quarter valued at about $2,709,000. Institutional investors own 64.73% of the company's stock.
RealReal Stock Performance
Shares of RealReal stock traded down $0.03 during trading on Friday, reaching $5.21. 2,203,725 shares of the company's stock were exchanged, compared to its average volume of 2,821,196. The company has a market cap of $589.22 million, a P/E ratio of -4.04 and a beta of 2.61. RealReal has a 1-year low of $2.24 and a 1-year high of $11.38. The firm's 50-day moving average price is $5.69 and its 200 day moving average price is $6.87.
RealReal (NASDAQ:REAL - Get Free Report) last issued its quarterly earnings data 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. As a group, equities research analysts predict that RealReal will post -0.4 EPS for the current year.
About RealReal
(
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.
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