The RealReal, Inc. (NASDAQ:REAL - Get Free Report) rose 8.7% during mid-day trading on Tuesday . The stock traded as high as $5.22 and last traded at $5.21. Approximately 1,354,025 shares traded hands during trading, a decline of 53% from the average daily volume of 2,873,498 shares. The stock had previously closed at $4.79.
Analysts Set New Price Targets
Separately, UBS Group raised their price objective on shares of RealReal from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $8.40.
View Our Latest Research Report on RealReal
RealReal Stock Up 1.8%
The company has a market cap of $603.34 million, a price-to-earnings ratio of -4.72 and a beta of 2.46. The business has a fifty day simple moving average of $5.52 and a 200 day simple moving average of $6.78.
RealReal (NASDAQ:REAL - Get Free Report) last announced its quarterly 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 firm had revenue of $160.03 million for the quarter, compared to analyst estimates of $159.98 million. Equities analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.
Institutional Trading of RealReal
Institutional investors have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new position in shares of RealReal during the 4th quarter worth $153,000. Bank of New York Mellon Corp grew its stake in RealReal by 67.7% in the 4th quarter. Bank of New York Mellon Corp now owns 353,941 shares of the company's stock valued at $3,869,000 after acquiring an additional 142,861 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in RealReal during the 4th quarter valued at about $299,000. Charles Schwab Investment Management Inc. raised its position in RealReal by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 284,876 shares of the company's stock worth $3,114,000 after acquiring an additional 9,453 shares during the last quarter. Finally, Aigen Investment Management LP raised its position in RealReal by 513.5% during the fourth quarter. Aigen Investment Management LP now owns 93,550 shares of the company's stock worth $1,023,000 after acquiring an additional 78,301 shares during the last quarter. 64.73% of the stock is currently owned by hedge funds and other institutional investors.
RealReal Company Profile
(
Get Free Report)
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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