Shares of The RealReal, Inc. (NASDAQ:REAL - Get Free Report) were down 5.1% during mid-day trading on Monday . The company traded as low as $4.78 and last traded at $4.83. Approximately 1,068,611 shares traded hands during trading, a decline of 63% from the average daily volume of 2,897,413 shares. The stock had previously closed at $5.09.
Wall Street Analyst Weigh In
Separately, UBS Group lifted their price target on RealReal from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Two equities research 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $8.40.
Check Out Our Latest Stock Analysis on REAL
RealReal Trading Down 1.4%
The company's 50-day simple moving average is $5.58 and its 200 day simple moving average is $6.95. The stock has a market cap of $542.83 million, a P/E ratio of -4.25 and a beta of 2.53.
RealReal (NASDAQ:REAL - Get Free Report) last posted its earnings results 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 for the quarter, compared to analysts' expectations of $159.98 million. Research analysts anticipate that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.
Hedge Funds Weigh In On RealReal
Hedge funds have recently modified their holdings of the company. Game Plan Financial Advisors LLC lifted its position in shares of RealReal by 52.8% during the 1st quarter. Game Plan Financial Advisors LLC now owns 5,500 shares of the company's stock worth $30,000 after buying an additional 1,900 shares in the last quarter. Quarry LP lifted its position in shares of RealReal by 120.1% during the 4th 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. AlphaQuest LLC bought a new stake in shares of RealReal in the 1st quarter worth approximately $59,000. Teacher Retirement System of Texas purchased a new position in RealReal in the first quarter valued at approximately $61,000. Finally, Hsbc Holdings PLC purchased a new position in RealReal in the first quarter valued at approximately $63,000. Institutional investors own 64.73% of the company's stock.
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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