reAlpha Tech (NASDAQ:AIRE) Releases Earnings Results

reAlpha Tech (NASDAQ:AIRE) issued its earnings results on Friday. The company reported ($0.57) earnings per share for the quarter, topping the consensus estimate of ($0.75) by $0.18, FiscalAI reports. reAlpha Tech had a negative return on equity of 258.24% and a negative net margin of 430.43%.The company had revenue of $1.11 million during the quarter, compared to the consensus estimate of $3.10 million.

reAlpha Tech Stock Up 7.9%

Shares of reAlpha Tech stock traded up $0.12 on Friday, hitting $1.63. 169,725 shares of the company’s stock traded hands, compared to its average volume of 101,372. reAlpha Tech has a 52-week low of $1.25 and a 52-week high of $45.00. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.01. The stock has a market cap of $8.74 million, a P/E ratio of -0.34 and a beta of -2.69. The firm’s 50-day moving average is $1.76 and its 200 day moving average is $4.63.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Virtu Financial LLC boosted its holdings in reAlpha Tech by 56.1% in the fourth quarter. Virtu Financial LLC now owns 178,189 shares of the company’s stock worth $74,000 after purchasing an additional 64,039 shares during the period. State Street Corp raised its holdings in shares of reAlpha Tech by 49.9% during the fourth quarter. State Street Corp now owns 242,650 shares of the company’s stock worth $101,000 after purchasing an additional 80,800 shares during the period. Geode Capital Management LLC lifted its position in shares of reAlpha Tech by 120.4% in the 4th quarter. Geode Capital Management LLC now owns 941,337 shares of the company’s stock worth $393,000 after buying an additional 514,306 shares during the last quarter. Finally, Scientech Research LLC bought a new position in shares of reAlpha Tech in the 3rd quarter worth about $87,000. Institutional investors own 1.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of reAlpha Tech in a report on Tuesday, July 14th. Wall Street Zen raised shares of reAlpha Tech to a “sell” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $50.00.

About reAlpha Tech

reAlpha Tech (NASDAQ: AIRE) is a real estate technology company specializing in the acquisition, renovation, and management of single-family rental properties across the United States. The company leverages proprietary data analytics and machine-learning models to identify undervalued houses in high-potential neighborhoods. Once acquired, these properties undergo a standardized renovation process designed to maximize rental value and minimize maintenance expenses, after which they are added to reAlpha’s rental portfolio.

In addition to direct property ownership, reAlpha Tech offers a subscription-based investment platform that enables accredited and non-accredited investors to participate in fractional ownership of residential real estate assets.