RealReal (NASDAQ:REAL) Trading Up 4.8% - What's Next?

The RealReal, Inc. (NASDAQ:REAL - Get Free Report)'s share price shot up 4.8% during mid-day trading on Thursday . The company traded as high as $5.56 and last traded at $5.62. 140,456 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 2,825,411 shares. The stock had previously closed at $5.36.

Wall Street Analysts Forecast Growth

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

RealReal Stock Up 3.8%

The company has a 50-day moving average price of $5.60 and a two-hundred day moving average price of $6.95. The stock has a market capitalization of $651.42 million, a P/E ratio of -4.47 and a beta of 2.61.

RealReal (NASDAQ:REAL - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $159.98 million. On average, sell-side analysts expect that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP grew its holdings in shares of RealReal by 120.1% during the fourth quarter. Quarry LP now owns 2,875 shares of the company's stock worth $31,000 after purchasing an additional 1,569 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of RealReal by 1.3% during the first quarter. Rhumbline Advisers now owns 145,543 shares of the company's stock worth $784,000 after purchasing an additional 1,800 shares in the last quarter. Game Plan Financial Advisors LLC grew its holdings in shares of RealReal by 52.8% during the first quarter. Game Plan Financial Advisors LLC now owns 5,500 shares of the company's stock worth $30,000 after purchasing an additional 1,900 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of RealReal by 6.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,937 shares of the company's stock worth $622,000 after purchasing an additional 3,236 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of RealReal during the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 64.73% of the company's stock.

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.