The RealReal, Inc. (NASDAQ:REAL - Get Free Report)'s share price rose 10.1% during trading on Monday . The company traded as high as $6.19 and last traded at $6.29. Approximately 574,430 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 2,845,381 shares. The stock had previously closed at $5.71.
Analysts Set New Price Targets
Separately, UBS Group increased their target price on shares of RealReal from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, RealReal has an average rating of "Moderate Buy" and an average target price of $8.40.
Get Our Latest Stock Report on RealReal
RealReal Stock Performance
The stock has a 50 day moving average of $5.60 and a 200 day moving average of $7.01. The stock has a market capitalization of $610.71 million, a P/E ratio of -4.19 and a beta of 2.53.
RealReal (NASDAQ:REAL - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $159.98 million. On average, research analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.
Institutional Investors Weigh In On RealReal
A number of hedge funds have recently made changes to their positions in REAL. Stephens Inc. AR acquired a new stake in RealReal in the 4th quarter valued at approximately $978,000. Rhumbline Advisers increased its holdings in shares of RealReal by 7.4% during the fourth quarter. Rhumbline Advisers now owns 143,743 shares of the company's stock valued at $1,571,000 after purchasing an additional 9,893 shares during the period. Fortis Group Advisors LLC increased its holdings in shares of RealReal by 15.1% during the fourth quarter. Fortis Group Advisors LLC now owns 89,380 shares of the company's stock valued at $977,000 after purchasing an additional 11,745 shares during the period. Olympiad Research LP acquired a new stake in RealReal in the fourth quarter worth about $136,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in RealReal in the fourth quarter worth about $153,000. 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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