B. Riley Reiterates Buy Rating for RealReal (NASDAQ:REAL)

Key Points

• B. Riley has raised its price target for RealReal from $8.00 to $9.00, indicating a potential upside of 31.08% from the stock's current price and maintaining a "buy" rating.
• UBS Group also increased its price objective for RealReal from $6.00 to $7.00, now assigning a "neutral" rating to the stock.
• RealReal reported earnings of ($0.13) per share, beating analyst expectations and generating revenue of $165.19 million, surpassing the consensus estimate.

RealReal (NASDAQ:REAL - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at B. Riley in a research report issued on Friday, Marketbeat Ratings reports. They presently have a $9.00 target price on the stock, up from their prior target price of $8.00. B. Riley's target price would indicate a potential upside of 18.36% from the company's previous close.

Separately, UBS Group boosted their target price on RealReal from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, RealReal has a consensus rating of "Buy" and an average target price of $11.13.

RealReal Price Performance

RealReal stock traded up $1.04 during midday trading on Friday, hitting $7.60. The company's stock had a trading volume of 4,903,362 shares, compared to its average volume of 3,347,077. The company has a market cap of $876.28 million, a price-to-earnings ratio of -7.18 and a beta of 2.48. RealReal has a 1-year low of $2.24 and a 1-year high of $11.38. The company has a 50-day moving average price of $5.46 and a two-hundred day moving average price of $6.01.

RealReal (NASDAQ:REAL - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.02. The company had revenue of $165.19 million during the quarter, compared to analyst estimates of $159.17 million. Sell-side analysts forecast that RealReal will post -0.4 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Private Wealth Services LLC increased its stake in shares of RealReal by 86.1% in the first quarter. Kestra Private Wealth Services LLC now owns 35,353 shares of the company's stock valued at $191,000 after buying an additional 16,353 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of RealReal in the first quarter valued at approximately $127,000. G2 Investment Partners Management LLC acquired a new stake in RealReal during the 4th quarter valued at approximately $2,709,000. O Shaughnessy Asset Management LLC acquired a new stake in RealReal during the 4th quarter valued at approximately $156,000. Finally, XTX Topco Ltd increased its position in RealReal by 133.6% during the 1st quarter. XTX Topco Ltd now owns 155,988 shares of the company's stock valued at $841,000 after purchasing an additional 89,219 shares during the period. Institutional investors and hedge funds 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.