The Real Brokerage Inc. (NASDAQ:REAX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of The Real Brokerage Inc. (NASDAQ:REAX) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $5.6875.

Several equities research analysts have recently commented on the company. Weiss Ratings downgraded Real Brokerage from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 26th. BTIG Research reiterated a “buy” rating and issued a $4.25 target price on shares of Real Brokerage in a report on Monday, April 27th. B. Riley Financial reissued a “buy” rating on shares of Real Brokerage in a research report on Friday, May 8th. Finally, JonesTrading restated a “buy” rating and set a $5.00 price target on shares of Real Brokerage in a research note on Monday, April 27th.

Real Brokerage Trading Down 2.4%

Shares of NASDAQ REAX opened at $1.60 on Friday. The firm has a market capitalization of $348.70 million, a P/E ratio of -53.33 and a beta of 0.74. The firm’s 50-day moving average price is $1.84 and its 200-day moving average price is $2.39. Real Brokerage has a 1-year low of $1.55 and a 1-year high of $5.41.

Real Brokerage (NASDAQ:REAX) last issued its earnings results on Tuesday, March 31st. The company reported ($0.02) EPS for the quarter. Real Brokerage had a negative net margin of 0.32% and a negative return on equity of 11.37%. The firm had revenue of $465.55 million during the quarter. Equities research analysts forecast that Real Brokerage will post -0.01 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Merit Financial Group LLC raised its holdings in shares of Real Brokerage by 19.0% in the 4th quarter. Merit Financial Group LLC now owns 19,137 shares of the company’s stock worth $70,000 after acquiring an additional 3,053 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Real Brokerage by 9.4% during the 2nd 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Real Brokerage by 6.6% during the 1st 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 last quarter. Russell Investments Group Ltd. increased its holdings in Real Brokerage by 4.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 94,409 shares of the company’s stock worth $426,000 after purchasing an additional 4,304 shares in the last quarter. Finally, Strs Ohio increased its holdings in Real Brokerage by 31.5% during the 4th quarter. Strs Ohio now owns 23,400 shares of the company’s stock worth $85,000 after purchasing an additional 5,600 shares in the last quarter. 53.28% of the stock is currently owned by institutional investors and hedge funds.

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.