RealReal (NASDAQ:REAL) Price Target Raised to $9.00

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) had its target price lifted by B. Riley from $8.00 to $9.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. B. Riley's price objective points to a potential upside of 40.63% from the stock's current price.

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

RealReal Stock Up 16.2%

Shares of NASDAQ:REAL traded up $0.89 on Friday, hitting $6.40. The company had a trading volume of 15,800,989 shares, compared to its average volume of 2,869,952. The firm's 50-day simple moving average is $5.43 and its two-hundred day simple moving average is $6.05. RealReal has a 1 year low of $2.24 and a 1 year high of $11.38. The firm has a market capitalization of $723.78 million, a price-to-earnings ratio of -6.04 and a beta of 2.48.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Alberta Investment Management Corp bought a new stake in RealReal during the 2nd quarter valued at about $115,000. Intech Investment Management LLC increased its stake in RealReal by 19.9% during the 2nd quarter. Intech Investment Management LLC now owns 59,471 shares of the company's stock valued at $285,000 after purchasing an additional 9,888 shares in the last quarter. Jupiter Asset Management Ltd. increased its stake in RealReal by 92.1% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 326,275 shares of the company's stock valued at $1,563,000 after purchasing an additional 156,440 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in RealReal by 49.8% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,016,843 shares of the company's stock valued at $4,871,000 after purchasing an additional 337,954 shares in the last quarter. Finally, Corton Capital Inc. bought a new stake in RealReal during the 2nd quarter valued at about $111,000. 64.73% of the stock is owned by hedge funds and other 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.