RealReal (NASDAQ:REAL) Upgraded at B. Riley

B. Riley upgraded shares of RealReal (NASDAQ:REAL) to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

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

RealReal Trading Up 3.2%

REAL stock opened at $5.82 on Wednesday. The company has a market cap of $658.18 million, a price-to-earnings ratio of -5.15 and a beta of 2.46. RealReal has a 12 month low of $2.24 and a 12 month high of $11.38. The firm has a 50-day moving average of $5.32 and a two-hundred day moving average of $6.44.

RealReal (NASDAQ:REAL) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $160.03 million for the quarter, compared to analyst estimates of $159.98 million. As a group, equities analysts forecast that RealReal will post -0.4 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Kanen Wealth Management LLC boosted its holdings in shares of RealReal by 26.2% in the second quarter. Kanen Wealth Management LLC now owns 4,708,623 shares of the company’s stock valued at $22,554,000 after acquiring an additional 978,660 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of RealReal in the second quarter valued at about $398,000. Kapitalo Investimentos Ltda purchased a new stake in shares of RealReal in the second quarter valued at about $101,000. Farther Finance Advisors LLC purchased a new stake in shares of RealReal in the second quarter valued at about $60,000. Finally, Rhumbline Advisers boosted its holdings in shares of RealReal by 1.3% in the first quarter. Rhumbline Advisers now owns 145,543 shares of the company’s stock valued at $784,000 after acquiring an additional 1,800 shares in the last quarter. 64.73% of the stock is 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.