Real Brokerage (NASDAQ:REAX) Receives Buy Rating from BTIG Research

Real Brokerage (NASDAQ:REAX)‘s stock had its “buy” rating reissued by stock analysts at BTIG Research in a note issued to investors on Wednesday,Benzinga reports. They currently have a $4.25 target price on the stock, down from their prior target price of $4.50. BTIG Research’s target price would suggest a potential upside of 65.37% from the company’s current price.

Other research analysts have also issued reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Real Brokerage in a research note on Thursday, January 22nd. Zelman & Associates reissued a “neutral” rating on shares of Real Brokerage in a research note on Thursday, March 5th. William Blair reissued an “outperform” rating on shares of Real Brokerage in a research note on Wednesday, March 4th. Benchmark initiated coverage on shares of Real Brokerage in a research note on Thursday, March 26th. They issued a “buy” rating and a $5.50 target price on the stock. Finally, JonesTrading reaffirmed a “buy” rating and set a $5.00 price target on shares of Real Brokerage in a research report on Wednesday, March 4th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $5.69.

Real Brokerage Trading Up 0.4%

REAX stock opened at $2.57 on Wednesday. The business’s 50-day moving average is $2.60 and its 200 day moving average is $3.41. Real Brokerage has a 12-month low of $2.31 and a 12-month high of $5.41. The stock has a market cap of $544.33 million, a price-to-earnings ratio of -85.67 and a beta of 1.02.

Real Brokerage (NASDAQ:REAX) last released its earnings results on Thursday, March 5th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. Real Brokerage had a negative net margin of 0.41% and a negative return on equity of 17.37%. The business had revenue of $505.14 million for the quarter, compared to analyst estimates of $477.98 million. As a group, equities analysts forecast that Real Brokerage will post -0.1 EPS for the current fiscal year.

Institutional Trading of Real Brokerage

Several institutional investors have recently made changes to their positions in REAX. Fortitude Advisory Group L.L.C. raised its position in Real Brokerage by 2.6% in the third quarter. Fortitude Advisory Group L.L.C. now owns 108,425 shares of the company’s stock valued at $453,000 after purchasing an additional 2,730 shares during the period. Merit Financial Group LLC raised its position in Real Brokerage by 19.0% in the fourth quarter. Merit Financial Group LLC now owns 19,137 shares of the company’s stock valued at $70,000 after purchasing an additional 3,053 shares during the period. The Manufacturers Life Insurance Company raised its position in Real Brokerage by 9.4% in the second quarter. The Manufacturers Life Insurance Company now owns 36,917 shares of the company’s stock valued at $166,000 after purchasing an additional 3,173 shares during the period. Squarepoint Ops LLC raised its position in Real Brokerage by 3.4% in the second quarter. Squarepoint Ops LLC now owns 113,428 shares of the company’s stock valued at $512,000 after purchasing an additional 3,682 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Real Brokerage by 6.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,673 shares of the company’s stock valued at $246,000 after purchasing an additional 3,746 shares during the period. Hedge funds and other institutional investors own 53.28% of the company’s stock.

About Real Brokerage

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.