RealReal (NASDAQ:REAL) Stock Price Up 11.8% - Here's What Happened

The RealReal, Inc. (NASDAQ:REAL - Get Free Report)'s share price rose 11.8% during trading on Tuesday . The stock traded as high as $6.62 and last traded at $6.61. Approximately 2,027,895 shares changed hands during trading, a decline of 30% from the average daily volume of 2,905,520 shares. The stock had previously closed at $5.91.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. UBS Group lifted their price objective on RealReal from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. B. Riley began coverage on RealReal in a research note on Thursday, July 17th. They set a "buy" rating and a $8.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, RealReal has a consensus rating of "Buy" and an average target price of $8.33.

RealReal Stock Performance

The company has a 50 day moving average of $5.32 and a two-hundred day moving average of $6.39. The stock has a market cap of $727.17 million, a PE ratio of -5.69 and a beta of 2.46.

RealReal (NASDAQ:REAL - Get Free Report) last released 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 firm had revenue of $160.03 million for the quarter, compared to analysts' expectations of $159.98 million. As a group, equities research analysts anticipate that The RealReal, Inc. will post -0.4 EPS for the current year.

Institutional Investors Weigh In On RealReal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Trexquant Investment LP acquired a new stake in RealReal during the fourth quarter valued at approximately $3,262,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of RealReal during the first quarter valued at approximately $127,000. G2 Investment Partners Management LLC acquired a new position in RealReal in the 4th quarter valued at approximately $2,709,000. O Shaughnessy Asset Management LLC acquired a new position in RealReal in the 4th quarter valued at approximately $156,000. Finally, Point72 Asset Management L.P. acquired a new position in RealReal in the 4th quarter valued at approximately $606,000. 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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