RealReal (NASDAQ:REAL) Trading Up 10.1% - Here's What Happened

The RealReal, Inc. (NASDAQ:REAL - Get Free Report)'s share price traded up 10.1% during trading on Monday . The company traded as high as $6.19 and last traded at $6.29. 574,430 shares traded hands during trading, a decline of 80% from the average session volume of 2,845,381 shares. The stock had previously closed at $5.71.

Wall Street Analysts Forecast Growth

Separately, UBS Group lifted their price target on RealReal from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, RealReal currently has a consensus rating of "Moderate Buy" and an average price target of $8.40.

RealReal Price Performance

The stock has a fifty day moving average of $5.60 and a 200 day moving average of $7.00. The firm has a market capitalization of $602.79 million, a P/E ratio of -4.13 and a beta of 2.53.

RealReal (NASDAQ:REAL - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). The business had revenue of $160.03 million during the quarter, compared to analyst estimates of $159.98 million. Equities analysts forecast that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Institutional Trading of RealReal

Large investors have recently bought and sold shares of the company. Trexquant Investment LP purchased a new stake in RealReal in the fourth quarter worth $3,262,000. Aigen Investment Management LP increased its position in RealReal by 513.5% in the fourth quarter. Aigen Investment Management LP now owns 93,550 shares of the company's stock worth $1,023,000 after buying an additional 78,301 shares during the last quarter. G2 Investment Partners Management LLC purchased a new position in shares of RealReal in the fourth quarter valued at $2,709,000. O Shaughnessy Asset Management LLC purchased a new position in shares of RealReal in the fourth quarter valued at $156,000. Finally, Stephens Inc. AR purchased a new position in shares of RealReal in the fourth quarter valued at $978,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

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.