reAlpha Tech (NASDAQ:AIRE) Releases Earnings Results

reAlpha Tech (NASDAQ:AIRE) posted its quarterly earnings results on Friday. The company reported ($0.57) earnings per share for the quarter, topping the consensus estimate of ($0.75) by $0.18, FiscalAI reports. reAlpha Tech had a negative return on equity of 258.24% and a negative net margin of 430.43%.The firm had revenue of $1.11 million during the quarter, compared to analysts’ expectations of $3.10 million.

reAlpha Tech Stock Performance

Shares of reAlpha Tech stock traded up $0.12 on Friday, hitting $1.63. 169,725 shares of the company’s stock were exchanged, compared to its average volume of 101,372. reAlpha Tech has a 1 year low of $1.25 and a 1 year high of $45.00. The company has a 50-day simple moving average of $1.76 and a 200-day simple moving average of $4.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.13 and a current ratio of 2.13. The stock has a market capitalization of $8.74 million, a PE ratio of -0.34 and a beta of -2.69.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of reAlpha Tech in a report on Tuesday, July 14th. Wall Street Zen raised shares of reAlpha Tech to a “sell” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $50.00.

Hedge Funds Weigh In On reAlpha Tech

A number of institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in reAlpha Tech by 120.4% during the fourth quarter. Geode Capital Management LLC now owns 941,337 shares of the company’s stock valued at $393,000 after purchasing an additional 514,306 shares in the last quarter. Scientech Research LLC bought a new stake in reAlpha Tech during the third quarter valued at about $87,000. Virtu Financial LLC increased its position in reAlpha Tech by 484.4% in the third quarter. Virtu Financial LLC now owns 114,150 shares of the company’s stock worth $88,000 after buying an additional 94,616 shares in the last quarter. Finally, State Street Corp increased its position in reAlpha Tech by 49.9% in the fourth quarter. State Street Corp now owns 242,650 shares of the company’s stock worth $101,000 after buying an additional 80,800 shares in the last quarter. 1.02% of the stock is owned by institutional investors.

reAlpha Tech Company Profile

reAlpha Tech (NASDAQ: AIRE) is a real estate technology company specializing in the acquisition, renovation, and management of single-family rental properties across the United States. The company leverages proprietary data analytics and machine-learning models to identify undervalued houses in high-potential neighborhoods. Once acquired, these properties undergo a standardized renovation process designed to maximize rental value and minimize maintenance expenses, after which they are added to reAlpha’s rental portfolio.

In addition to direct property ownership, reAlpha Tech offers a subscription-based investment platform that enables accredited and non-accredited investors to participate in fractional ownership of residential real estate assets.