Real Brokerage (NASDAQ:REAX) Shares Set to Reverse Split on Tuesday, August 25th

The Real Brokerage Inc. (NASDAQ:REAX)’s stock is 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 Trading Down 4.0%

Shares of NASDAQ:REAX traded down $0.11 on Friday, hitting $2.64. 7,428,665 shares of the company were exchanged, compared to its average volume of 5,452,564. The firm has a market capitalization of $575.36 million, a P/E ratio of -37.71 and a beta of 0.78. Real Brokerage has a 1-year low of $1.55 and a 1-year high of $5.41. The stock’s 50 day moving average price is $2.01 and its 200 day moving average price is $2.23.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings data on Tuesday, June 30th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $700.58 million for the quarter. Real Brokerage had a negative net margin of 0.72% and a negative return on equity of 25.32%. On average, equities analysts predict that Real Brokerage will post -0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

REAX has been the topic of a number of research reports. B. Riley Financial reissued a “buy” rating on shares of Real Brokerage in a report on Friday, May 8th. Zelman & Associates raised Real Brokerage to an “outperform” rating in a report on Friday, August 7th. JonesTrading dropped their target price on Real Brokerage from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of Real Brokerage from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Finally, Zacks Research lowered shares of Real Brokerage from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Two investment 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $5.15.

Institutional Trading of Real Brokerage

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