Real Brokerage (NASDAQ:REAX) Trading Down 10% – Should You Sell?

Shares of The Real Brokerage Inc. (NASDAQ:REAX) fell 10% during trading on Monday . The stock traded as low as $2.37 and last traded at $2.3750. Approximately 1,295,605 shares traded hands during trading, a decline of 58% from the average daily volume of 3,108,688 shares. The stock had previously closed at $2.64.

Analyst Ratings Changes

A number of equities analysts recently commented on REAX shares. Edward Jones decreased their target price on shares of Real Brokerage from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Zelman & Associates upgraded shares of Real Brokerage to an “outperform” rating in a research report on Friday, August 7th. JonesTrading reduced their price objective on Real Brokerage from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. BTIG Research reiterated a “buy” rating and issued a $4.25 price objective on shares of Real Brokerage in a report on Monday, April 27th. Finally, Weiss Ratings raised Real Brokerage from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.15.

Real Brokerage Price Performance

The stock has a market cap of $493.63 million, a PE ratio of -32.36 and a beta of 0.78. The business has a 50 day moving average price of $2.01 and a two-hundred day moving average price of $2.22.

Shares of Real Brokerage are scheduled to reverse split on Tuesday, August 25th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, August 24th.

Real Brokerage (NASDAQ:REAX) last issued its earnings results on Tuesday, June 30th. The company reported ($0.30) EPS for the quarter. Real Brokerage had a negative return on equity of 25.32% and a negative net margin of 0.72%.The firm had revenue of $700.58 million during the quarter. On average, sell-side analysts forecast that The Real Brokerage Inc. will post -0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Real Brokerage

Hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. purchased a new stake in shares of Real Brokerage during the first quarter worth about $29,000. Abel Hall LLC bought a new stake in shares of Real Brokerage in the first quarter worth about $31,000. SmartHarvest Portfolios LLC purchased a new position in Real Brokerage during the 1st quarter valued at about $38,000. Xponance LLC purchased a new position in Real Brokerage during the 4th quarter valued at about $38,000. Finally, Hudson Bay Capital Management LP bought a new position in Real Brokerage during the 4th quarter valued at approximately $41,000. 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.