The RealReal, Inc. (NASDAQ:REAL) Given Consensus Rating of “Moderate Buy” by Brokerages

The RealReal, Inc. (NASDAQ:REAL) has earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $8.40.

Separately, UBS Group increased their price objective 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.

Institutional Investors Weigh In On RealReal

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in RealReal by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 5,097,765 shares of the company’s stock valued at $27,477,000 after purchasing an additional 192,633 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of RealReal by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company’s stock worth $25,447,000 after buying an additional 33,927 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of RealReal by 8.7% in the fourth quarter. Two Sigma Advisers LP now owns 2,275,100 shares of the company’s stock valued at $24,867,000 after acquiring an additional 181,300 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of 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 acquiring an additional 456,425 shares in the last quarter. Finally, Driehaus Capital Management LLC grew its position in RealReal by 90.8% during the 1st quarter. Driehaus Capital Management LLC now owns 1,810,651 shares of the company’s stock worth $9,759,000 after acquiring an additional 861,902 shares during the last quarter. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Stock Performance

NASDAQ REAL opened at $5.21 on Friday. RealReal has a twelve month low of $2.24 and a twelve month high of $11.38. The stock has a market cap of $589.22 million, a PE ratio of -4.04 and a beta of 2.61. The firm has a 50-day simple moving average of $5.69 and a 200 day simple moving average of $6.87.

RealReal (NASDAQ:REAL) last announced 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 business had revenue of $160.03 million during the quarter, compared to the consensus estimate of $159.98 million. Research analysts forecast that RealReal will post -0.4 earnings per share for the current fiscal year.

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.