RealReal (NASDAQ:REAL) Stock Price Up 4.8% - Still a Buy?

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

Analysts Set New Price Targets

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

RealReal Stock Performance

The firm has a market cap of $607.31 million, a P/E ratio of -4.16 and a beta of 2.61. The firm has a 50 day simple moving average of $5.60 and a 200 day simple moving average of $6.97.

RealReal (NASDAQ:REAL - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates 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. Sell-side analysts predict that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Institutional Investors Weigh In On RealReal

Large investors have recently added to or reduced their stakes in the business. Game Plan Financial Advisors LLC raised its holdings in shares of RealReal by 52.8% in the 1st quarter. Game Plan Financial Advisors LLC now owns 5,500 shares of the company's stock valued at $30,000 after acquiring an additional 1,900 shares in the last quarter. Quarry LP increased its position in shares of RealReal by 120.1% in 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 during the last quarter. R Squared Ltd purchased a new stake in RealReal in the fourth quarter valued at approximately $49,000. AlphaQuest LLC bought a new stake in RealReal during the first quarter valued at approximately $59,000. Finally, Teacher Retirement System of Texas purchased a new position in RealReal in the 1st quarter worth approximately $61,000. 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.