RealReal (NASDAQ:REAL) Price Target Raised to $8.00

RealReal (NASDAQ:REAL) had its target price raised by UBS Group from $7.00 to $8.00 in a research report report published on Friday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Separately, B. Riley raised their price target on shares of RealReal from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $11.13.

RealReal Trading Up 16.2%

Shares of NASDAQ:REAL opened at $6.40 on Friday. The firm’s 50 day moving average is $5.43 and its two-hundred day moving average is $6.03. RealReal has a 52 week low of $2.24 and a 52 week high of $11.38. The firm has a market capitalization of $737.54 million, a P/E ratio of -6.04 and a beta of 2.48.

RealReal (NASDAQ:REAL) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.02. The firm had revenue of $165.19 million during the quarter, compared to analyst estimates of $159.17 million. Analysts predict that RealReal will post -0.4 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Quarry LP grew its position in RealReal by 120.1% in the fourth quarter. Quarry LP now owns 2,875 shares of the company’s stock worth $31,000 after buying an additional 1,569 shares during the last quarter. Rhumbline Advisers grew its position in RealReal by 1.3% in the first quarter. Rhumbline Advisers now owns 145,543 shares of the company’s stock worth $784,000 after buying an additional 1,800 shares during the last quarter. Game Plan Financial Advisors LLC grew its position in RealReal by 52.8% in the first quarter. Game Plan Financial Advisors LLC now owns 5,500 shares of the company’s stock worth $30,000 after buying an additional 1,900 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in RealReal by 6.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,937 shares of the company’s stock worth $622,000 after buying an additional 3,236 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in RealReal by 1.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 290,048 shares of the company’s stock worth $1,563,000 after buying an additional 5,172 shares during the last quarter. Institutional investors and hedge funds 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.