The Real Brokerage Inc. (NASDAQ:REAX) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of The Real Brokerage Inc. (NASDAQ:REAX) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $5.6875.

Several brokerages recently issued reports on REAX. Weiss Ratings lowered Real Brokerage from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 26th. BTIG Research reissued a “buy” rating and issued a $4.25 price target on shares of Real Brokerage in a report on Monday, April 27th. Benchmark assumed coverage on shares of Real Brokerage in a report on Thursday, March 26th. They set a “buy” rating and a $5.50 price objective on the stock. B. Riley Financial reaffirmed a “buy” rating on shares of Real Brokerage in a research report on Friday, May 8th. Finally, JonesTrading reissued a “buy” rating and set a $5.00 target price on shares of Real Brokerage in a research report on Monday, April 27th.

Real Brokerage Price Performance

NASDAQ REAX traded up $0.03 on Tuesday, hitting $2.23. The stock had a trading volume of 1,915,098 shares, compared to its average volume of 2,635,863. The business’s fifty day moving average price is $1.85 and its 200 day moving average price is $2.62. Real Brokerage has a 52-week low of $1.55 and a 52-week high of $5.41. The stock has a market cap of $475.04 million, a price-to-earnings ratio of -74.50 and a beta of 0.74.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($0.02) EPS for the quarter. The business had revenue of $465.55 million for the quarter. Real Brokerage had a negative net margin of 0.32% and a negative return on equity of 11.37%. As a group, sell-side analysts anticipate that Real Brokerage will post -0.01 EPS for the current year.

Institutional Investors Weigh In On Real Brokerage

A number of large investors have recently made changes to their positions in REAX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Real Brokerage by 6.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,673 shares of the company’s stock worth $246,000 after acquiring an additional 3,746 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Real Brokerage by 628.0% in the 1st quarter. NewEdge Advisors LLC now owns 75,089 shares of the company’s stock valued at $305,000 after acquiring an additional 64,775 shares during the last quarter. Jane Street Group LLC raised its position in shares of Real Brokerage by 568.3% during the 1st quarter. Jane Street Group LLC now owns 129,153 shares of the company’s stock worth $524,000 after purchasing an additional 109,826 shares during the last quarter. Strs Ohio purchased a new position in Real Brokerage in the 1st quarter valued at about $72,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Real Brokerage in the 2nd quarter worth about $47,000. 53.28% of the stock is owned by hedge funds and other institutional investors.

Real Brokerage Company Profile

Real Brokerage Inc is a publicly traded, cloud-based residential real estate brokerage headquartered in Toronto, Canada, with operations across the United States and Canada. The company’s platform offers licensed real estate professionals a fully integrated suite of digital tools designed to streamline every phase of the property transaction process, from lead generation to closing.

Through its proprietary technology, Real Brokerage provides agents with transaction management, customer relationship management, digital marketing automation and real-time analytics in a single, user-friendly interface.