The RealReal, Inc. (NASDAQ:REAL - Get Free Report) shares gapped up prior to trading 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 trading hands.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on REAL. UBS Group raised their target price on RealReal from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. B. Riley assumed coverage on RealReal in a research note on Thursday. They set a "buy" rating and a $8.00 price objective for the company. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $8.33.
Read Our Latest Stock Analysis on RealReal
RealReal Stock Up 3.2%
The company has a fifty day simple moving average of $5.32 and a 200-day simple moving average of $6.39. The firm has a market cap of $658.18 million, a P/E ratio of -5.15 and a beta of 2.46.
RealReal (NASDAQ:REAL - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $160.03 million during the quarter, compared to analyst estimates of $159.98 million. As a group, research analysts forecast that The RealReal, Inc. will post -0.4 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of REAL. Game Plan Financial Advisors LLC lifted its holdings in shares of 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 purchasing an additional 1,900 shares during the last quarter. Quarry LP raised its stake in RealReal by 120.1% in the 4th quarter. Quarry LP now owns 2,875 shares of the company's stock worth $31,000 after acquiring an additional 1,569 shares during the last quarter. AlphaQuest LLC purchased a new position in RealReal in the 1st quarter worth $59,000. Farther Finance Advisors LLC purchased a new position in RealReal in the 2nd quarter worth $60,000. Finally, Teacher Retirement System of Texas purchased a new position in RealReal in the 1st quarter worth $61,000. Institutional investors own 64.73% of the company's stock.
RealReal Company Profile
(
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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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