The RealReal, Inc. (NASDAQ:REAL - Get Free Report)'s share price was down 4.8% during mid-day trading on Tuesday . The stock traded as low as $5.80 and last traded at $5.82. Approximately 1,712,923 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 2,854,570 shares. The stock had previously closed at $6.12.
Wall Street Analysts Forecast Growth
Separately, UBS Group raised their price objective on RealReal from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Two 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 company. Based on data from MarketBeat, RealReal presently has a consensus rating of "Moderate Buy" and a consensus target price of $8.40.
Check Out Our Latest Analysis on REAL
RealReal Trading Down 7.1%
The business has a fifty day moving average price of $5.60 and a two-hundred day moving average price of $7.01. The company has a market cap of $610.71 million, a price-to-earnings ratio of -4.19 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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). The company had revenue of $160.03 million during the quarter, compared to analysts' expectations of $159.98 million. On average, analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current year.
Institutional Trading of RealReal
Several large investors have recently added to or reduced their stakes in REAL. Rhumbline Advisers raised its holdings in shares of RealReal by 1.3% during the 1st quarter. Rhumbline Advisers now owns 145,543 shares of the company's stock valued at $784,000 after purchasing an additional 1,800 shares in the last quarter. Game Plan Financial Advisors LLC raised its holdings in RealReal by 52.8% during the first quarter. Game Plan Financial Advisors LLC now owns 5,500 shares of the company's stock valued at $30,000 after buying an additional 1,900 shares in the last quarter. 1060 Capital LLC acquired a new stake in shares of RealReal in the first quarter worth about $274,000. Petrus Trust Company LTA lifted its position in shares of RealReal by 90.5% in the first quarter. Petrus Trust Company LTA now owns 36,333 shares of the company's stock worth $196,000 after buying an additional 17,262 shares during the last quarter. Finally, PharVision Advisers LLC boosted its stake in shares of RealReal by 60.9% during the 1st quarter. PharVision Advisers LLC now owns 19,598 shares of the company's stock worth $106,000 after acquiring an additional 7,421 shares in the last quarter. 64.73% of the stock is owned by institutional investors.
About RealReal
(
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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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