RealReal (NASDAQ:REAL) Trading Up 8.9% - Here's Why

Key Points

• The RealReal, Inc. (NASDAQ:REAL) saw its stock price surge by 8.9%, reaching a high of $6.97 during trading on Tuesday.
• Analysts have set new price targets for RealReal, with B. Riley raising its target to $9.00 and UBS Group assigning a target of $8.00.
• Institutional investors hold 64.73% of RealReal's stock, indicating strong interest in the company among large stakeholders.

The RealReal, Inc. (NASDAQ:REAL - Get Free Report)'s stock price was up 8.9% during mid-day trading on Tuesday . The stock traded as high as $6.97 and last traded at $7.14. Approximately 456,202 shares were traded during trading, a decline of 86% from the average daily volume of 3,318,637 shares. The stock had previously closed at $6.56.

Analysts Set New Price Targets

Several analysts recently issued reports on REAL shares. B. Riley reiterated a "buy" rating and set a $9.00 target price (up previously from $8.00) on shares of RealReal in a research report on Friday. UBS Group set a $8.00 price target on RealReal and gave the company a "neutral" rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $11.13.

RealReal Stock Performance

The stock's fifty day moving average is $5.46 and its 200 day moving average is $6.01. The stock has a market cap of $854.04 million, a P/E ratio of -7.04 and a beta of 2.48.

RealReal (NASDAQ:REAL - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.02. The company had revenue of $165.19 million during the quarter, compared to the consensus estimate of $159.17 million. Equities research analysts predict that The RealReal, Inc. will post -0.4 EPS for the current year.

Institutional Investors Weigh In On RealReal

Several institutional investors have recently modified their holdings of the stock. Game Plan Financial Advisors LLC lifted its stake 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 acquiring an additional 1,900 shares during the last quarter. Quarry LP raised its stake in shares of RealReal by 120.1% during the fourth quarter. Quarry LP now owns 2,875 shares of the company's stock valued at $31,000 after acquiring an additional 1,569 shares in the last quarter. AlphaQuest LLC bought a new stake in RealReal during the 1st quarter valued at $59,000. Farther Finance Advisors LLC bought a new stake in RealReal during the 2nd quarter valued at $60,000. Finally, Teacher Retirement System of Texas bought a new stake in RealReal during the 1st quarter valued at $61,000. 64.73% of the stock is owned by institutional investors.

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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