RealReal (NASDAQ:REAL) PT Set at $8.00 by UBS Group

RealReal (NASDAQ:REAL) received a $8.00 target price from analysts at UBS Group in a note issued to investors on Friday, MarketBeat reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential upside of 25.00% from the company’s current price.

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

RealReal Stock Up 16.2%

Shares of NASDAQ REAL opened at $6.40 on Friday. The company’s 50-day simple moving average is $5.43 and its 200-day simple 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 cap of $737.54 million, a price-to-earnings ratio of -6.04 and a beta of 2.48.

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

Hedge Funds Weigh In On RealReal

A number of institutional investors and hedge funds have recently bought and sold shares of REAL. Game Plan Financial Advisors LLC boosted its position in RealReal by 52.8% during the first quarter. Game Plan Financial Advisors LLC now owns 5,500 shares of the company’s stock worth $30,000 after acquiring an additional 1,900 shares during the last quarter. Quarry LP boosted its position in RealReal by 120.1% during the fourth quarter. Quarry LP now owns 2,875 shares of the company’s stock worth $31,000 after acquiring an additional 1,569 shares during the last quarter. AlphaQuest LLC acquired a new position in RealReal during the first quarter worth about $59,000. Farther Finance Advisors LLC acquired a new position in RealReal during the second quarter worth about $60,000. Finally, Teacher Retirement System of Texas acquired a new position in RealReal during the first quarter worth about $61,000. 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.