The RealReal, Inc. (NASDAQ:REAL) Receives $8.33 Average PT from Brokerages

Shares of The RealReal, Inc. (NASDAQ:REAL - Get Free Report) have earned an average recommendation of "Buy" from the seven research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $8.33.

Several research firms have recently weighed in on REAL. UBS Group upped their price target on shares of RealReal from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Friday, May 9th. B. Riley assumed coverage on shares of RealReal in a research report on Thursday, July 17th. They issued a "buy" rating and a $8.00 target price for the company.

RealReal Stock Down 0.4%

NASDAQ REAL traded down $0.02 during trading on Thursday, reaching $5.24. 3,232,448 shares of the stock traded hands, compared to its average volume of 2,323,648. RealReal has a fifty-two week low of $2.24 and a fifty-two week high of $11.38. The firm has a market cap of $592.59 million, a price-to-earnings ratio of -4.64 and a beta of 2.48. The stock's 50-day moving average price is $5.40 and its 200 day moving average price is $6.23.

RealReal (NASDAQ:REAL - Get Free Report) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $159.98 million. Analysts anticipate that RealReal will post -0.4 EPS for the current fiscal year.

Institutional Trading of RealReal

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in RealReal by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 5,097,765 shares of the company's stock valued at $27,477,000 after purchasing an additional 192,633 shares during the period. Kanen Wealth Management LLC grew 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 valued at $22,554,000 after purchasing an additional 978,660 shares during the period. Geode Capital Management LLC grew its holdings in RealReal by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company's stock valued at $25,447,000 after purchasing an additional 33,927 shares during the period. Two Sigma Advisers LP boosted its holdings in RealReal by 8.7% in the 4th quarter. Two Sigma Advisers LP now owns 2,275,100 shares of the company's stock worth $24,867,000 after buying an additional 181,300 shares during the period. Finally, Two Sigma Investments LP increased its holdings in RealReal by 26.3% during the 4th 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 period. 64.73% of the stock is currently owned by institutional investors.

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.