B. Riley Begins Coverage on RealReal (NASDAQ:REAL)

Stock analysts at B. Riley assumed coverage on shares of RealReal (NASDAQ:REAL) in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $8.00 price target on the stock. B. Riley’s price target indicates a potential upside of 37.46% from the stock’s current price.

Separately, UBS Group lifted their price target on shares of RealReal from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, RealReal currently has an average rating of “Buy” and a consensus price target of $8.33.

RealReal Stock Performance

Shares of NASDAQ REAL opened at $5.82 on Thursday. RealReal has a 1 year low of $2.24 and a 1 year high of $11.38. The company’s fifty day moving average price is $5.32 and its 200 day moving average price is $6.44. The company has a market capitalization of $658.18 million, a PE ratio of -5.15 and a beta of 2.46.

RealReal (NASDAQ:REAL) last posted its earnings results on Thursday, May 8th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates 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, equities analysts expect that RealReal will post -0.4 EPS for the current year.

Institutional Trading of RealReal

Several large investors have recently made changes to their positions in REAL. Voloridge Investment Management LLC acquired a new stake in RealReal during the 4th quarter worth $17,138,000. Norges Bank purchased a new position in shares of RealReal in the fourth quarter worth about $11,989,000. Kanen Wealth Management LLC boosted its position in RealReal by 26.2% during the second quarter. Kanen Wealth Management LLC now owns 4,708,623 shares of the company’s stock worth $22,554,000 after acquiring an additional 978,660 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in RealReal during the 4th quarter valued at about $10,370,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in RealReal in the 1st quarter valued at about $4,958,000. 64.73% of the stock is currently owned by hedge funds and other 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.