RealReal (NASDAQ:REAL) Shares Gap Up - Here's Why

Shares of The RealReal, Inc. (NASDAQ:REAL - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $5.22, but opened at $5.45. RealReal shares last traded at $5.49, with a volume of 477,979 shares.

Analyst Upgrades and Downgrades

REAL has been the topic of several analyst reports. B. Riley assumed coverage on RealReal in a report on Thursday. They set a "buy" rating and a $8.00 price objective on the stock. UBS Group lifted their target price on RealReal from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, RealReal has a consensus rating of "Moderate Buy" and a consensus price target of $8.33.

RealReal Trading Up 6.0%

The company has a market capitalization of $625.95 million, a price-to-earnings ratio of -4.90 and a beta of 2.46. The firm's 50 day moving average price is $5.34 and its two-hundred day moving average price is $6.52.

RealReal (NASDAQ:REAL - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $160.03 million for the quarter, compared to the consensus estimate of $159.98 million. As a group, equities research analysts predict that The RealReal, Inc. will post -0.4 EPS for the current year.

Hedge Funds Weigh In On RealReal

A number of hedge funds and other institutional investors have recently bought and sold shares of REAL. Quarry LP boosted its stake in shares of RealReal by 120.1% in 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 in the last quarter. Rhumbline Advisers raised its holdings in RealReal by 1.3% during the 1st quarter. Rhumbline Advisers now owns 145,543 shares of the company's stock valued at $784,000 after buying an additional 1,800 shares during the last quarter. Game Plan Financial Advisors LLC raised its holdings in RealReal by 52.8% during the 1st quarter. Game Plan Financial Advisors LLC now owns 5,500 shares of the company's stock valued at $30,000 after buying an additional 1,900 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in RealReal by 6.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,937 shares of the company's stock valued at $622,000 after buying an additional 3,236 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in RealReal by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 290,048 shares of the company's stock valued at $1,563,000 after buying an additional 5,172 shares during the last quarter. Hedge funds and other institutional investors own 64.73% of the company's stock.

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.

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