The RealReal, Inc. (NASDAQ:REAL) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) has been given an average rating of "Moderate Buy" by the six ratings firms that are presently covering the company, Marketbeat.com reports. 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. The average twelve-month target price among analysts that have covered the stock in the last year is $8.40.

Separately, 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.

Institutional Investors Weigh In On RealReal

A number of institutional investors have recently modified their holdings of the business. Quarry LP grew 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 period. Rhumbline Advisers grew its position in shares of RealReal by 1.3% during the 1st quarter. Rhumbline Advisers now owns 145,543 shares of the company's stock valued at $784,000 after acquiring an additional 1,800 shares during the period. Game Plan Financial Advisors LLC grew its position 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 valued at $30,000 after acquiring an additional 1,900 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in RealReal by 6.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,937 shares of the company's stock worth $622,000 after buying an additional 3,236 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in RealReal by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 290,048 shares of the company's stock worth $1,563,000 after buying an additional 5,172 shares during the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

RealReal Trading Down 6.9%

Shares of NASDAQ REAL traded down $0.37 during trading on Wednesday, reaching $4.96. 3,487,294 shares of the company traded hands, compared to its average volume of 2,896,309. The firm's fifty day simple moving average is $5.60 and its 200 day simple moving average is $7.00. The stock has a market cap of $560.95 million, a P/E ratio of -3.84 and a beta of 2.53. RealReal has a 12-month low of $2.24 and a 12-month high of $11.38.

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

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.