UBS Group Reiterates $8.00 Price Target for RealReal (NASDAQ:REAL)

Key Points

• RealReal's price target has been raised by UBS Group from $7.00 to $8.00, indicating a potential upside of 21.67% from its current price.
• B. Riley also increased their price target on RealReal to $9.00 and rated the stock as a "buy," reflecting growing analyst confidence.
• RealReal's stock has seen significant trading activity, with a recent surge to $6.58 and a notable one-year price range between $2.24 and $11.38.

UBS Group set a $8.00 price target on RealReal (NASDAQ:REAL - Free Report) in a research note issued to investors on Friday, Marketbeat.com reports. The firm currently has a neutral rating on the stock.

Separately, B. Riley reaffirmed a "buy" rating and issued a $9.00 target price (up previously from $8.00) on shares of RealReal in a research note on Friday. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $11.13.

RealReal Stock Performance

REAL traded up $0.19 during midday trading on Friday, hitting $6.59. The stock had a trading volume of 1,308,521 shares, compared to its average volume of 3,298,647. The company has a market cap of $759.32 million, a P/E ratio of -6.22 and a beta of 2.48. The business has a fifty day moving average of $5.43 and a 200 day moving average of $6.03. RealReal has a 1 year low of $2.24 and a 1 year high of $11.38.

RealReal (NASDAQ:REAL - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.02. The firm had revenue of $165.19 million during the quarter, compared to analysts' expectations of $159.17 million. On average, equities research analysts anticipate that RealReal will post -0.4 earnings per share for the current year.

Hedge Funds Weigh In On RealReal

Several hedge funds and other institutional investors have recently modified their holdings of REAL. Game Plan Financial Advisors LLC raised its holdings in shares of RealReal by 52.8% during the first quarter. Game Plan Financial Advisors LLC now owns 5,500 shares of the company's stock valued at $30,000 after acquiring an additional 1,900 shares in the last quarter. Quarry LP increased its position in RealReal by 120.1% during the 4th 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 position in RealReal during the 1st quarter valued at $59,000. Farther Finance Advisors LLC purchased a new position in RealReal during the 2nd quarter valued at $60,000. Finally, Teacher Retirement System of Texas purchased a new position in RealReal during the 1st quarter valued at $61,000. 64.73% of the stock is owned by institutional investors.

RealReal Company 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.