Real Brokerage’s (REAX) “Buy” Rating Reiterated at JonesTrading

JonesTrading reissued their buy rating on shares of Real Brokerage (NASDAQ:REAX) in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a $5.00 price target on the stock.

A number of other brokerages have also issued reports on REAX. Weiss Ratings restated a “sell (d-)” rating on shares of Real Brokerage in a research note on Thursday, January 22nd. Freedom Capital raised Real Brokerage to a “strong-buy” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $5.83.

Real Brokerage Trading Down 2.7%

REAX stock opened at $2.53 on Wednesday. Real Brokerage has a twelve month low of $2.44 and a twelve month high of $5.41. The company has a market capitalization of $535.85 million, a P/E ratio of -84.33 and a beta of 1.01. The firm has a 50 day simple moving average of $3.28 and a 200-day simple moving average of $3.90.

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

Institutional Trading of Real Brokerage

A number of institutional investors and hedge funds have recently modified their holdings of REAX. 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 buying an additional 2,730 shares during the period. Merit Financial Group LLC raised its stake in 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 acquiring an additional 3,053 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Real Brokerage by 9.4% in the second quarter. The Manufacturers Life Insurance Company now owns 36,917 shares of the company’s stock worth $166,000 after acquiring an additional 3,173 shares during the last quarter. Squarepoint Ops LLC lifted 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 worth $512,000 after acquiring an additional 3,682 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 acquiring an additional 3,746 shares during the period. 53.28% of the stock is owned by institutional investors and hedge funds.

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.