RealReal (NASDAQ:REAL) Stock Price Down 5.1% - Here's Why

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) shares dropped 5.1% on Monday . The stock 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.

Analysts Set New Price Targets

Separately, UBS Group lifted their price objective on RealReal from $6.00 to $7.00 and gave the stock a "neutral" rating in a 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $8.40.

RealReal Stock Performance

The company has a market cap of $549.07 million, a PE ratio of -4.30 and a beta of 2.53. The firm's 50 day moving average is $5.60 and its 200-day moving average is $6.99.

RealReal (NASDAQ:REAL - Get Free Report) last posted its quarterly 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 company had revenue of $160.03 million during the quarter, compared to analysts' expectations of $159.98 million. On average, analysts predict that The RealReal, Inc. will post -0.4 EPS for the current year.

Institutional Trading of RealReal

Several institutional investors have recently made changes to their positions in REAL. Game Plan Financial Advisors LLC increased its stake in RealReal by 52.8% during the first quarter. Game Plan Financial Advisors LLC now owns 5,500 shares of the company's stock worth $30,000 after acquiring an additional 1,900 shares during the last quarter. Quarry LP increased 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 purchasing an additional 1,569 shares during the last quarter. AlphaQuest LLC acquired a new stake in shares of RealReal during the 1st quarter worth about $59,000. Teacher Retirement System of Texas purchased a new stake in RealReal in the 1st quarter valued at about $61,000. Finally, Hsbc Holdings PLC acquired a new position in RealReal in the first quarter valued at about $63,000. Hedge funds and other 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.

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