Wall Street Zen Upgrades Real Brokerage (NASDAQ:REAX) to “Hold”

Real Brokerage (NASDAQ:REAX) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

REAX has been the subject of several other research reports. Weiss Ratings downgraded shares of Real Brokerage from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 25th. B. Riley Financial restated a “buy” rating on shares of Real Brokerage in a research report on Friday, May 8th. JonesTrading lifted their target price on Real Brokerage from $4.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, August 25th. BTIG Research reiterated a “buy” rating and issued a $35.00 target price (up from $4.25) on shares of Real Brokerage in a research report on Thursday, August 27th. Finally, Edward Jones dropped their price target on Real Brokerage from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.00.

Real Brokerage Stock Performance

REAX stock opened at $18.67 on Friday. Real Brokerage has a one year low of $15.50 and a one year high of $54.05. The company’s fifty day moving average price is $20.93 and its 200-day moving average price is $21.62. The company has a market capitalization of $406.82 million, a PE ratio of -26.67 and a beta of 0.79.

Real Brokerage (NASDAQ:REAX) last issued its earnings results on Tuesday, June 30th. The company reported ($0.30) earnings per share for the quarter. The company had revenue of $700.58 million for the quarter. Real Brokerage had a negative return on equity of 25.32% and a negative net margin of 0.72%. On average, research analysts predict that Real Brokerage will post -0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Real Brokerage

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Lido Advisors LLC purchased a new stake in shares of Real Brokerage during the 3rd quarter valued at about $42,000. Xponance LLC bought a new position in shares of Real Brokerage in the 4th quarter valued at about $38,000. Envestnet Asset Management Inc. purchased a new position in Real Brokerage in the second quarter worth about $47,000. Thrivent Financial for Lutherans bought a new stake in Real Brokerage during the second quarter worth approximately $50,000. Finally, Quarry LP increased its stake in Real Brokerage by 1,615.9% during the third quarter. Quarry LP now owns 11,256 shares of the company’s stock worth $47,000 after acquiring an additional 10,600 shares during the last quarter. 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.