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

Investment analysts at B. Riley started coverage on shares of RealReal (NASDAQ:REAL) in a note issued to investors on Thursday,Benzinga reports. The firm set a “buy” rating and a $8.00 price target on the stock. B. Riley’s price objective would indicate a potential upside of 53.26% from the company’s current price.

Separately, UBS Group lifted their price objective on RealReal from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Friday, May 9th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.33.

RealReal Price Performance

REAL opened at $5.22 on Thursday. The business has a 50 day simple moving average of $5.34 and a 200-day simple moving average of $6.52. The stock has a market capitalization of $590.33 million, a P/E ratio of -4.62 and a beta of 2.46. RealReal has a 12 month low of $2.24 and a 12 month high of $11.38.

RealReal (NASDAQ:REAL) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The company had revenue of $160.03 million during the quarter, compared to analysts’ expectations of $159.98 million. Research analysts anticipate that RealReal will post -0.4 EPS for the current year.

Hedge Funds Weigh In On RealReal

Several hedge funds have recently bought and sold shares of the stock. Kanen Wealth Management LLC increased 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 buying an additional 978,660 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new position in RealReal during the second quarter worth $398,000. Kapitalo Investimentos Ltda purchased a new position in RealReal during the second quarter worth $101,000. Farther Finance Advisors LLC purchased a new position in RealReal during the second quarter worth $60,000. Finally, Rhumbline Advisers increased its position in RealReal by 1.3% during 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 in the last quarter. Hedge funds and other institutional investors own 64.73% of the company’s stock.

About RealReal

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.