Real REMAX Group Inc (NASDAQ:REAX) Stock Has Consensus Price Target of $47.14

Shares of Real REMAX Group Inc (NASDAQ:REAX) have earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, eight have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $47.14.

Several equities analysts have recently issued reports on REAX shares. Compass Point set a $40.00 target price on Real REMAX Group in a research report on Wednesday, October 14th. Citigroup initiated coverage on shares of Real REMAX Group in a research report on Wednesday, October 14th. They issued a “market outperform” rating on the stock. JonesTrading reiterated a “buy” rating and issued a $40.00 price target on shares of Real REMAX Group in a research report on Tuesday, September 22nd. Weiss Ratings raised shares of Real REMAX Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 8th. Finally, Zelman & Associates upgraded shares of Real REMAX Group to an “outperform” rating in a report on Friday, August 7th.

Real REMAX Group Stock Down 3.2%

NASDAQ:REAX opened at $15.41 on Thursday. Real REMAX Group has a 12-month low of $13.25 and a 12-month high of $45.00. The stock’s fifty day simple moving average is $19.35 and its 200-day simple moving average is $19.81. The firm has a market capitalization of $335.78 million, a P/E ratio of -22.01 and a beta of 0.80.

Real REMAX Group (NASDAQ:REAX) last released its quarterly earnings data on Tuesday, June 30th. The company reported ($0.30) EPS for the quarter. Real REMAX Group had a negative net margin of 0.72% and a negative return on equity of 25.32%. The company had revenue of $700.58 million during the quarter. As a group, equities research analysts expect that Real REMAX Group will post -0.45 earnings per share for the current year.

Insiders Place Their Bets

In other Real REMAX Group news, major shareholder David L. Liniger sold 52,876 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $19.12, for a total value of $1,010,989.12. Following the sale, the insider directly owned 5,539,905 shares in the company, valued at approximately $105,922,983.60. This trade represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 38.21% of the company’s stock.

Hedge Funds Weigh In On Real REMAX Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new position in Real REMAX Group during the second quarter worth about $680,000. Squarepoint Ops LLC grew its stake in Real REMAX Group by 187.3% in the second quarter. Squarepoint Ops LLC now owns 629,469 shares of the company’s stock valued at $1,146,000 after acquiring an additional 410,364 shares during the period. Seven Six Capital Management LLC acquired a new position in Real REMAX Group in the first quarter valued at about $1,290,000. Segall Bryant & Hamill LLC bought a new stake in shares of Real REMAX Group in the first quarter worth about $861,000. Finally, Corient Private Wealth LP bought a new stake in shares of Real REMAX Group in the second quarter worth about $100,000. 53.28% of the stock is owned by institutional investors.

Real REMAX Group Company Profile

Real Brokerage Inc is a technology-powered residential real estate brokerage serving real estate agents and their clients in the United States and Canada. The company operates through a cloud-based model that enables agents to manage their businesses remotely while providing brokerage services for home buyers and sellers.

Real’s platform is designed to support key aspects of the real estate transaction process, including lead management, transaction coordination, document management, communication and collaboration.