B. Riley upgraded shares of RealReal (NASDAQ:REAL - Free Report) to a strong-buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports.
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 research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $8.33.
Read Our Latest Analysis on REAL
RealReal Price Performance
Shares of RealReal stock traded up $0.18 during trading hours on Wednesday, hitting $5.82. 2,131,462 shares of the company's stock traded hands, compared to its average volume of 2,911,358. RealReal has a 12-month low of $2.24 and a 12-month high of $11.38. The stock has a market capitalization of $658.18 million, a price-to-earnings ratio of -5.15 and a beta of 2.46. The company has a fifty day simple moving average of $5.32 and a 200-day simple moving average of $6.41.
RealReal (NASDAQ:REAL - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $160.03 million during the quarter, compared to analysts' expectations of $159.98 million. On average, analysts forecast that RealReal will post -0.4 EPS for the current fiscal year.
Hedge Funds Weigh In On RealReal
Large investors have recently modified their holdings of the company. Kanen Wealth Management LLC increased its stake in RealReal by 26.2% in the 2nd quarter. Kanen Wealth Management LLC now owns 4,708,623 shares of the company's stock worth $22,554,000 after purchasing an additional 978,660 shares during the period. Counterpoint Mutual Funds LLC purchased a new position in RealReal in the 2nd quarter worth approximately $398,000. Kapitalo Investimentos Ltda purchased a new position in RealReal in the 2nd quarter worth approximately $101,000. Farther Finance Advisors LLC purchased a new position in RealReal in the 2nd quarter worth approximately $60,000. Finally, Rhumbline Advisers increased its stake in RealReal by 1.3% in the 1st quarter. Rhumbline Advisers now owns 145,543 shares of the company's stock worth $784,000 after purchasing an additional 1,800 shares during the period. 64.73% of the stock is owned by hedge funds and other institutional investors.
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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