Real Brokerage (NASDAQ:REAX) Now Covered by Analysts at Benchmark

Stock analysts at Benchmark assumed coverage on shares of Real Brokerage (NASDAQ:REAX) in a research note issued on Thursday,Benzinga reports. The brokerage set a “buy” rating and a $5.50 price target on the stock. Benchmark’s price target would indicate a potential upside of 130.13% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Real Brokerage in a research note on Thursday, January 22nd. BTIG Research dropped their target price on Real Brokerage from $6.00 to $4.50 and set a “buy” rating for the company in a research report on Wednesday, March 4th. William Blair reiterated an “outperform” rating on shares of Real Brokerage in a research note on Wednesday, March 4th. JonesTrading reissued a “buy” rating and set a $5.00 price target on shares of Real Brokerage in a research report on Wednesday, March 4th. Finally, Zelman & Associates reissued a “neutral” rating on shares of Real Brokerage in a research note on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5.75.

Real Brokerage Stock Down 1.6%

Shares of NASDAQ REAX opened at $2.39 on Thursday. The firm has a market cap of $506.20 million, a price-to-earnings ratio of -79.67 and a beta of 1.01. Real Brokerage has a 52-week low of $2.31 and a 52-week high of $5.41. The business’s 50 day moving average is $2.92 and its two-hundred day moving average is $3.66.

Real Brokerage (NASDAQ:REAX) last released its quarterly earnings results on Wednesday, March 4th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. Real Brokerage had a negative return on equity of 17.37% and a negative net margin of 0.41%.The company had revenue of $505.14 million for the quarter, compared to analysts’ expectations of $477.98 million. Analysts anticipate that Real Brokerage will post -0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC purchased a new position in Real Brokerage in the third quarter valued at $25,000. Xponance LLC purchased a new stake in Real Brokerage during the 4th quarter worth about $38,000. Hudson Bay Capital Management LP acquired a new stake in Real Brokerage in the 4th quarter valued at about $41,000. Lido Advisors LLC acquired a new stake in Real Brokerage in the 3rd quarter valued at about $42,000. Finally, Inscription Capital LLC purchased a new position in shares of Real Brokerage in the 3rd quarter valued at about $44,000. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

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.