The Real Brokerage Inc. (NASDAQ:REAX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

The Real Brokerage Inc. (NASDAQ:REAX) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $5.6875.

Several research analysts have recently weighed in on the company. BTIG Research restated a “buy” rating and set a $4.25 target price on shares of Real Brokerage in a report on Monday, April 27th. Benchmark initiated coverage on Real Brokerage in a research report on Thursday, March 26th. They set a “buy” rating and a $5.50 price objective on the stock. Weiss Ratings lowered Real Brokerage from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. JonesTrading reissued a “buy” rating and set a $5.00 price objective on shares of Real Brokerage in a research note on Monday, April 27th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Real Brokerage in a research note on Friday, May 8th.

Institutional Investors Weigh In On Real Brokerage

Hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Real Brokerage by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,673 shares of the company’s stock worth $246,000 after purchasing an additional 3,746 shares during the period. NewEdge Advisors LLC grew its stake in shares of Real Brokerage by 628.0% in the 1st quarter. NewEdge Advisors LLC now owns 75,089 shares of the company’s stock valued at $305,000 after buying an additional 64,775 shares during the period. Jane Street Group LLC increased its holdings in shares of Real Brokerage by 568.3% during the 1st quarter. Jane Street Group LLC now owns 129,153 shares of the company’s stock worth $524,000 after buying an additional 109,826 shares during the last quarter. Strs Ohio acquired a new stake in shares of Real Brokerage during the 1st quarter worth approximately $72,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Real Brokerage during the 2nd quarter valued at approximately $47,000. 53.28% of the stock is currently owned by institutional investors and hedge funds.

Real Brokerage Stock Performance

Shares of NASDAQ:REAX traded up $0.03 during midday trading on Tuesday, hitting $2.23. The company’s stock had a trading volume of 1,915,098 shares, compared to its average volume of 2,635,863. The company has a market cap of $475.04 million, a P/E ratio of -74.50 and a beta of 0.74. Real Brokerage has a 12-month low of $1.55 and a 12-month high of $5.41. The business’s 50 day simple moving average is $1.85 and its 200 day simple moving average is $2.62.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $465.55 million for the quarter. Real Brokerage had a negative net margin of 0.32% and a negative return on equity of 11.37%. On average, sell-side analysts predict that Real Brokerage will post -0.01 earnings per share for the current fiscal year.

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.