The RealReal, Inc. (NASDAQ:REAL) Receives $8.40 Consensus Target Price from Analysts

The RealReal, Inc. (NASDAQ:REAL) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered 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 company a “neutral” rating in a report on Friday, May 9th.

RealReal Stock Down 5.3%

RealReal stock opened at $5.03 on Friday. The business has a fifty day moving average of $5.71 and a two-hundred day moving average of $6.84. The firm has a market cap of $568.86 million, a P/E ratio of -3.90 and a beta of 2.61. RealReal has a twelve month low of $2.24 and a twelve month high of $11.38.

RealReal (NASDAQ:REAL) last issued 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 analysts’ expectations of $159.98 million. Equities analysts expect that RealReal will post -0.4 earnings per share for the current year.

Institutional Investors Weigh In On RealReal

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in RealReal by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 5,097,765 shares of the company’s stock valued at $27,477,000 after buying an additional 192,633 shares in the last quarter. Geode Capital Management LLC lifted its stake in RealReal by 1.5% in the 4th 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 in the last quarter. Two Sigma Advisers LP lifted its stake 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 purchasing an additional 181,300 shares in the last quarter. Two Sigma Investments LP lifted its stake in RealReal by 26.3% in the 4th quarter. Two Sigma Investments LP now owns 2,189,454 shares of the company’s stock worth $23,931,000 after purchasing an additional 456,425 shares in the last quarter. Finally, Driehaus Capital Management LLC lifted its stake in RealReal by 90.8% in the 1st quarter. Driehaus Capital Management LLC now owns 1,810,651 shares of the company’s stock worth $9,759,000 after purchasing an additional 861,902 shares in the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

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.