Real Brokerage (NASDAQ:REAX) Price Target Lowered to $4.00 at Edward Jones

Real Brokerage (NASDAQ:REAX) had its price target dropped by investment analysts at Edward Jones from $5.00 to $4.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Edward Jones’ target price points to a potential upside of 101.01% from the stock’s previous close.

REAX has been the subject of several other reports. BTIG Research reiterated a “buy” rating and set a $4.25 target price on shares of Real Brokerage in a research report on Monday, April 27th. Weiss Ratings downgraded shares of Real Brokerage from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 26th. B. Riley Financial reiterated a “buy” rating on shares of Real Brokerage in a research report on Friday, May 8th. Finally, JonesTrading reissued a “buy” rating and issued a $5.00 target price on shares of Real Brokerage in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.35.

Real Brokerage Price Performance

NASDAQ REAX traded up $0.26 during trading on Thursday, reaching $1.99. The company’s stock had a trading volume of 8,629,053 shares, compared to its average volume of 2,901,184. The firm has a fifty day moving average of $1.84 and a 200 day moving average of $2.33. Real Brokerage has a one year low of $1.55 and a one year high of $5.41. The stock has a market capitalization of $433.71 million, a PE ratio of -66.33 and a beta of 0.78.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings results on Tuesday, June 30th. The company reported ($0.03) earnings per share (EPS) for the quarter. Real Brokerage had a negative net margin of 0.32% and a negative return on equity of 11.37%. The business had revenue of $700.58 million for the quarter. Research analysts expect that Real Brokerage will post -0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of REAX. Arrowstreet Capital Limited Partnership raised its stake in shares of Real Brokerage by 310.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,127,804 shares of the company’s stock worth $8,894,000 after purchasing an additional 1,608,941 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Real Brokerage in the fourth quarter worth approximately $5,110,000. UBS Group AG boosted its stake in shares of Real Brokerage by 894.6% in the 3rd quarter. UBS Group AG now owns 1,288,964 shares of the company’s stock worth $5,388,000 after buying an additional 1,159,366 shares during the last quarter. Nuveen LLC grew its stake in shares of Real Brokerage by 104.5% during the 4th quarter. Nuveen LLC now owns 2,071,744 shares of the company’s stock valued at $7,562,000 after purchasing an additional 1,058,670 shares during the period. Finally, Ophir Asset Management Pty Ltd grew its position in Real Brokerage by 24.9% during the fourth quarter. Ophir Asset Management Pty Ltd now owns 3,952,949 shares of the company’s stock valued at $14,428,000 after buying an additional 787,330 shares during the period. 53.28% of the stock is owned by hedge funds and other institutional investors.

Real Brokerage Company Profile

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.