RealReal (NASDAQ:REAL) Shares Down 5.1% - Here's What Happened

The RealReal, Inc. (NASDAQ:REAL - Get Free Report)'s share price dropped 5.1% during trading on Monday . The stock traded as low as $5.33 and last traded at $5.36. Approximately 316,919 shares changed hands during trading, a decline of 89% from the average daily volume of 2,842,375 shares. The stock had previously closed at $5.65.

Analysts Set New Price Targets

Separately, UBS Group increased their target price on shares of RealReal from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, RealReal presently has an average rating of "Moderate Buy" and an average target price of $8.40.

RealReal Price Performance

The business's 50 day moving average price is $5.58 and its 200 day moving average price is $6.97. The firm has a market cap of $645.77 million, a PE ratio of -4.43 and a beta of 2.61.

RealReal (NASDAQ:REAL - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). The firm had revenue of $160.03 million for the quarter, compared to analyst estimates of $159.98 million. As a group, analysts predict that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Institutional Trading of RealReal

Several large investors have recently added to or reduced their stakes in REAL. Quarry LP boosted 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 valued at $31,000 after acquiring an additional 1,569 shares during the last quarter. Game Plan Financial Advisors LLC increased its position 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 purchasing an additional 1,900 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in RealReal during the fourth quarter worth about $94,000. AlphaQuest LLC acquired a new position in RealReal in the 1st quarter valued at about $59,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of RealReal in the 1st quarter valued at approximately $61,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

RealReal Company Profile

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.