RealReal (NASDAQ:REAL) Stock Price Down 4.8% - What's Next?

The RealReal, Inc. (NASDAQ:REAL - Get Free Report)'s share price fell 4.8% during trading on Tuesday . The company traded as low as $5.80 and last traded at $5.82. 1,712,923 shares changed hands during trading, a decline of 40% from the average session volume of 2,854,570 shares. The stock had previously closed at $6.12.

Analysts Set New Price Targets

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

RealReal Stock Down 6.9%

The company has a fifty day simple moving average of $5.60 and a 200-day simple moving average of $7.00. The firm has a market cap of $560.95 million, a P/E ratio of -3.84 and a beta of 2.53.

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

Institutional Investors Weigh In On RealReal

A number of institutional investors have recently added to or reduced their stakes in REAL. Stephens Inc. AR acquired a new position in shares of RealReal in the 4th quarter valued at $978,000. Rhumbline Advisers lifted its stake in RealReal by 7.4% in the 4th quarter. Rhumbline Advisers now owns 143,743 shares of the company's stock valued at $1,571,000 after buying an additional 9,893 shares in the last quarter. Fortis Group Advisors LLC boosted its holdings in RealReal by 15.1% in the 4th quarter. Fortis Group Advisors LLC now owns 89,380 shares of the company's stock worth $977,000 after buying an additional 11,745 shares during the last quarter. Olympiad Research LP acquired a new position in shares of RealReal during the fourth quarter valued at approximately $136,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of RealReal in the fourth quarter valued at approximately $153,000. 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.