RealReal (NASDAQ:REAL) Price Target Raised to $3.70 at UBS Group

RealReal (NASDAQ:REAL - Free Report) had its price target increased by UBS Group from $2.30 to $3.70 in a research note published on Friday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other analysts have also recently issued research reports about the company. Robert W. Baird reaffirmed a neutral rating and set a $2.75 target price (down previously from $3.25) on shares of RealReal in a research report on Thursday, January 4th. Needham & Company LLC reiterated a buy rating and set a $6.00 price objective on shares of RealReal in a report on Friday, March 1st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $3.61.

RealReal Price Performance

NASDAQ REAL traded down $0.21 during midday trading on Friday, hitting $3.25. 2,488,427 shares of the company traded hands, compared to its average volume of 3,547,508. The company has a market cap of $340.24 million, a PE ratio of -1.96 and a beta of 2.99. The company's 50-day simple moving average is $2.83 and its 200-day simple moving average is $2.26. RealReal has a 52 week low of $1.00 and a 52 week high of $4.10.

RealReal (NASDAQ:REAL - Get Free Report) last announced its earnings results on Thursday, February 29th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.04. The company had revenue of $143.37 million for the quarter, compared to the consensus estimate of $142.80 million. On average, research analysts predict that RealReal will post -0.79 earnings per share for the current year.

Insider Activity

In other news, Director Karen Katz bought 6,500 shares of RealReal stock in a transaction that occurred on Friday, March 8th. The stock was bought at an average price of $3.85 per share, for a total transaction of $25,025.00. Following the purchase, the director now directly owns 183,476 shares of the company's stock, valued at approximately $706,382.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Karen Katz bought 6,500 shares of RealReal stock in a transaction that occurred on Friday, March 8th. The stock was bought at an average price of $3.85 per share, for a total transaction of $25,025.00. Following the purchase, the director now directly owns 183,476 shares of the company's stock, valued at approximately $706,382.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James R. Miller sold 21,060 shares of the firm's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $3.91, for a total value of $82,344.60. Following the completion of the transaction, the director now owns 160,492 shares of the company's stock, valued at approximately $627,523.72. The disclosure for this sale can be found here. Company insiders own 9.34% of the company's stock.

Hedge Funds Weigh In On RealReal

A number of institutional investors have recently modified their holdings of the stock. Raymond James & Associates grew its position in shares of RealReal by 222.5% during the 1st quarter. Raymond James & Associates now owns 32,692 shares of the company's stock valued at $237,000 after acquiring an additional 22,555 shares during the period. Bank of New York Mellon Corp boosted its holdings in RealReal by 7.6% in the 1st quarter. Bank of New York Mellon Corp now owns 282,263 shares of the company's stock worth $2,049,000 after buying an additional 20,037 shares during the last quarter. HighTower Advisors LLC acquired a new stake in RealReal in the 1st quarter worth about $89,000. MetLife Investment Management LLC boosted its holdings in RealReal by 21.3% in the 1st quarter. MetLife Investment Management LLC now owns 34,031 shares of the company's stock worth $247,000 after buying an additional 5,978 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in RealReal by 30.2% in the 1st quarter. Vontobel Holding Ltd. now owns 250,082 shares of the company's stock worth $1,963,000 after buying an additional 58,056 shares during the last quarter. Hedge funds and other institutional investors own 64.73% of the company's stock.

About RealReal

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.