The RealReal, Inc. (NASDAQ:REAL) Given Consensus Rating of "Moderate Buy" by Brokerages

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $8.40.

Separately, UBS Group boosted their price objective on RealReal from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Friday, May 9th.

Institutional Investors Weigh In On RealReal

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of RealReal by 3.9% in the first quarter. Vanguard Group Inc. now owns 5,097,765 shares of the company's stock worth $27,477,000 after purchasing an additional 192,633 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of RealReal by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company's stock worth $25,447,000 after purchasing an additional 33,927 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of RealReal by 8.7% in the fourth quarter. Two Sigma Advisers LP now owns 2,275,100 shares of the company's stock worth $24,867,000 after purchasing an additional 181,300 shares during the last quarter. Two Sigma Investments LP increased its stake in RealReal by 26.3% during the fourth quarter. Two Sigma Investments LP now owns 2,189,454 shares of the company's stock worth $23,931,000 after acquiring an additional 456,425 shares during the last quarter. Finally, Driehaus Capital Management LLC increased its stake in RealReal by 90.8% during the first quarter. Driehaus Capital Management LLC now owns 1,810,651 shares of the company's stock worth $9,759,000 after acquiring an additional 861,902 shares during the last quarter. 64.73% of the stock is owned by institutional investors.

RealReal Stock Up 1.8%

Shares of RealReal stock opened at $5.34 on Friday. The stock's 50-day simple moving average is $5.50 and its 200-day simple moving average is $6.74. RealReal has a 52 week low of $2.24 and a 52 week high of $11.38. The company has a market capitalization of $603.34 million, a price-to-earnings ratio of -4.72 and a beta of 2.46.

RealReal (NASDAQ:REAL - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $159.98 million. On average, equities analysts expect that RealReal will post -0.4 earnings per share for the current year.

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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