RealReal (NASDAQ:REAL) Shares Up 8.7% - Here's Why

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) shares rose 8.7% during trading on Tuesday . The stock traded as high as $5.22 and last traded at $5.21. Approximately 1,354,025 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 2,873,498 shares. The stock had previously closed at $4.79.

Analyst Ratings Changes

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 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $8.40.

RealReal Price Performance

The business's 50 day moving average price is $5.53 and its 200 day moving average price is $6.81. The firm has a market cap of $591.46 million, a PE ratio of -4.63 and a beta of 2.46.

RealReal (NASDAQ:REAL - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The business had revenue of $160.03 million during the quarter, compared to the consensus estimate of $159.98 million. As a group, analysts predict that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in REAL. 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 buying an additional 1,569 shares in the last quarter. Rhumbline Advisers boosted its position in RealReal by 1.3% during the first quarter. Rhumbline Advisers now owns 145,543 shares of the company's stock worth $784,000 after acquiring an additional 1,800 shares during the last quarter. Game Plan Financial Advisors LLC grew its stake in RealReal by 52.8% during 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in RealReal by 6.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,937 shares of the company's stock valued at $622,000 after acquiring an additional 3,236 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in RealReal by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 290,048 shares of the company's stock valued at $1,563,000 after acquiring an additional 5,172 shares during the last quarter. 64.73% of the stock is owned by institutional investors and hedge funds.

RealReal Company Profile

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.