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

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) has been given an average rating of "Moderate Buy" by the six research firms that are currently 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 12 month price target among brokers that have issued a report on the stock in the last year is $8.40.

Separately, UBS Group increased 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.

Hedge Funds Weigh In On RealReal

Hedge funds have recently added to or reduced their stakes in the company. Quarry LP grew its holdings in RealReal by 120.1% during the fourth quarter. Quarry LP now owns 2,875 shares of the company's stock valued at $31,000 after purchasing an additional 1,569 shares during the last quarter. R Squared Ltd acquired a new position in RealReal during the fourth quarter valued at approximately $49,000. Game Plan Financial Advisors LLC grew its holdings in RealReal by 52.8% during the first quarter. Game Plan Financial Advisors LLC now owns 5,500 shares of the company's stock valued at $30,000 after purchasing an additional 1,900 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in RealReal during the fourth quarter valued at approximately $94,000. Finally, AlphaQuest LLC acquired a new position in RealReal during the first quarter valued at approximately $59,000. Institutional investors and hedge funds own 64.73% of the company's stock.

RealReal Stock Up 2.9%

Shares of REAL traded up $0.15 during trading hours on Friday, reaching $5.18. The company's stock had a trading volume of 819,332 shares, compared to its average volume of 2,808,926. The company has a 50 day moving average of $5.71 and a two-hundred day moving average of $6.84. RealReal has a 1-year low of $2.24 and a 1-year high of $11.38. The firm has a market cap of $585.26 million, a price-to-earnings ratio of -4.01 and a beta of 2.61.

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