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

Shares of The RealReal, Inc. (NASDAQ:REAL - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers 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 stock a "neutral" rating in a report on Friday, May 9th.

RealReal Price Performance

Shares of RealReal stock traded up $0.05 during trading hours on Friday, hitting $5.35. 1,847,688 shares of the company's stock traded hands, compared to its average volume of 2,889,324. RealReal has a 12-month low of $2.24 and a 12-month high of $11.38. The stock has a market capitalization of $605.05 million, a price-to-earnings ratio of -4.73 and a beta of 2.46. The company has a fifty day simple moving average of $5.46 and a 200-day simple moving average of $6.68.

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.

Institutional Investors Weigh In On RealReal

Several large investors have recently added to or reduced their stakes in REAL. Quarry LP grew its holdings in 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 buying an additional 1,569 shares in the last quarter. Game Plan Financial Advisors LLC grew its holdings in 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 buying an additional 1,900 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in RealReal during the 4th quarter valued at about $94,000. AlphaQuest LLC purchased a new position in RealReal during the 1st quarter valued at about $59,000. Finally, Teacher Retirement System of Texas purchased a new position in RealReal during the 1st quarter valued at about $61,000. Hedge funds and other institutional investors own 64.73% of the company's stock.

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.