Analysts Set The Real Brokerage Inc. (NASDAQ:REAX) PT at $50.00

The Real Brokerage Inc. (NASDAQ:REAX) has received an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $50.00.

A number of equities analysts recently commented on REAX shares. Zelman & Associates raised shares of Real Brokerage to an “outperform” rating in a research note on Friday, August 7th. Weiss Ratings raised shares of Real Brokerage from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, September 8th. Wall Street Zen upgraded Real Brokerage to a “hold” rating in a research report on Saturday, September 5th. Zacks Research raised Real Brokerage from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Finally, JonesTrading reissued a “buy” rating and set a $40.00 price target on shares of Real Brokerage in a research note on Tuesday.

Insider Activity at Real Brokerage

In related news, major shareholder David L. Liniger sold 52,876 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 5,539,905 shares of the company’s stock, valued at $105,922,983.60. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 38.21% of the company’s stock.

Institutional Investors Weigh In On Real Brokerage

Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new position in shares of Real Brokerage during the 2nd quarter worth $680,000. Squarepoint Ops LLC lifted its stake in Real Brokerage by 187.3% in the second quarter. Squarepoint Ops LLC now owns 629,469 shares of the company’s stock worth $1,146,000 after acquiring an additional 410,364 shares during the period. Private Client Services LLC grew its holdings in Real Brokerage by 61.0% during the 2nd quarter. Private Client Services LLC now owns 36,754 shares of the company’s stock worth $67,000 after acquiring an additional 13,926 shares in the last quarter. Royal Bank of Canada grew its holdings in Real Brokerage by 126.1% during the 1st quarter. Royal Bank of Canada now owns 20,754 shares of the company’s stock worth $52,000 after acquiring an additional 11,573 shares in the last quarter. Finally, State of Wyoming increased its position in Real Brokerage by 5.8% during the 1st quarter. State of Wyoming now owns 125,939 shares of the company’s stock valued at $315,000 after purchasing an additional 6,950 shares during the period. 53.28% of the stock is owned by hedge funds and other institutional investors.

Real Brokerage Stock Performance

NASDAQ REAX opened at $17.13 on Friday. The business’s 50 day moving average price is $20.46 and its 200-day moving average price is $20.96. Real Brokerage has a fifty-two week low of $15.50 and a fifty-two week high of $51.60. The company has a market cap of $373.26 million, a P/E ratio of -24.47 and a beta of 0.79.

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

Real Brokerage Company Profile

Real Brokerage Inc is a technology-powered residential real estate brokerage that operates through a cloud-based platform. The company provides real estate agents with tools and services for managing transactions, client relationships, marketing, education, and other aspects of their businesses.

Real’s platform is designed to support independent agents and teams while reducing the need for traditional physical office locations. Its business model combines brokerage services with technology, agent education, collaboration tools, and programs intended to promote agent retention and growth.

Founded in 2014, Real serves real estate professionals in the United States and Canada.