RealReal (NASDAQ:REAL) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of RealReal (NASDAQ:REALFree Report) in a report published on Friday, Benzinga reports. They currently have a $6.00 target price on the stock.

REAL has been the topic of a number of other reports. Morgan Stanley raised their price objective on shares of RealReal from $1.50 to $2.50 and gave the company an equal weight rating in a report on Thursday, November 9th. Robert W. Baird restated a neutral rating and issued a $2.75 price objective (down from $3.25) on shares of RealReal in a report on Thursday, January 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, RealReal currently has an average rating of Hold and an average price target of $3.60.

Get Our Latest Stock Analysis on REAL

RealReal Trading Up 15.9 %

NASDAQ:REAL opened at $3.20 on Friday. The company’s 50-day moving average is $1.92 and its two-hundred day moving average is $2.04. RealReal has a 1-year low of $1.00 and a 1-year high of $3.24.

RealReal (NASDAQ:REALGet Free Report) last posted its earnings results on Thursday, February 29th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.04. The firm had revenue of $143.37 million during the quarter, compared to analyst estimates of $142.80 million. Equities research analysts predict that RealReal will post -0.82 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. EAM Investors LLC purchased a new position in shares of RealReal in the 3rd quarter valued at $1,043,000. Patriot Financial Group Insurance Agency LLC grew its position in RealReal by 14.8% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 78,223 shares of the company’s stock worth $165,000 after purchasing an additional 10,083 shares during the last quarter. Barclays PLC purchased a new position in RealReal during the 3rd quarter worth $262,000. Atria Wealth Solutions Inc. purchased a new position in RealReal during the 3rd quarter worth $37,000. Finally, Manatuck Hill Partners LLC grew its position in RealReal by 5.8% during the 3rd quarter. Manatuck Hill Partners LLC now owns 3,650,000 shares of the company’s stock worth $7,702,000 after purchasing an additional 200,000 shares during the last quarter. 49.60% of the stock is owned by hedge funds and other institutional investors.

RealReal Company Profile

(Get Free Report)

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. It offers various product categories, including women's fashion, men's fashion, jewelry, and watches. The company was incorporated in 2011 and is headquartered in San Francisco, California.

Further Reading

Analyst Recommendations for RealReal (NASDAQ:REAL)

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