Real Brokerage (NASDAQ:REAX) Upgraded by Benchmark to Strong-Buy Rating

Benchmark upgraded shares of Real Brokerage (NASDAQ:REAX) to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports.

Other analysts have also recently issued reports about the stock. JonesTrading restated a “buy” rating and issued a $5.00 price target on shares of Real Brokerage in a report on Wednesday, March 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Real Brokerage in a research note on Thursday, January 22nd. BTIG Research cut their price target on shares of Real Brokerage from $6.00 to $4.50 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Freedom Capital upgraded Real Brokerage to a “strong-buy” rating in a report on Friday, January 23rd. Finally, William Blair restated an “outperform” rating on shares of Real Brokerage in a research note on Wednesday, March 4th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $5.75.

Real Brokerage Trading Up 0.8%

Shares of NASDAQ:REAX opened at $2.41 on Wednesday. The company has a market capitalization of $510.44 million, a PE ratio of -80.33 and a beta of 1.01. Real Brokerage has a 12-month low of $2.31 and a 12-month high of $5.41. The business’s fifty day simple moving average is $2.89 and its 200-day simple moving average is $3.65.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings data on Wednesday, March 4th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $505.14 million during the quarter, compared to analysts’ expectations of $477.98 million. Real Brokerage had a negative return on equity of 17.37% and a negative net margin of 0.41%. Research analysts predict that Real Brokerage will post -0.1 EPS for the current year.

Hedge Funds Weigh In On Real Brokerage

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fortitude Advisory Group L.L.C. boosted its holdings in shares of Real Brokerage by 2.6% in the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 108,425 shares of the company’s stock valued at $453,000 after acquiring an additional 2,730 shares during the last quarter. Merit Financial Group LLC raised its holdings in shares of Real Brokerage by 19.0% during the fourth quarter. Merit Financial Group LLC now owns 19,137 shares of the company’s stock worth $70,000 after purchasing an additional 3,053 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Real Brokerage by 9.4% during the second 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 period. Squarepoint Ops LLC boosted its holdings in Real Brokerage by 3.4% in the second quarter. Squarepoint Ops LLC now owns 113,428 shares of the company’s stock valued at $512,000 after purchasing an additional 3,682 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Real Brokerage by 6.6% in the first 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. 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.