Zelman & Associates Reaffirms “Neutral” Rating for Real Brokerage (NASDAQ:REAX)

Real Brokerage (NASDAQ:REAX)‘s stock had its “neutral” rating reiterated by equities researchers at Zelman & Associates in a note issued to investors on Thursday,Benzinga reports.

A number of other equities research analysts have also recently issued reports on REAX. Weiss Ratings restated a “sell (d-)” rating on shares of Real Brokerage in a report on Thursday, January 22nd. Freedom Capital raised Real Brokerage to a “strong-buy” rating in a research report on Friday, January 23rd. JonesTrading restated a “buy” rating and set a $5.00 target price on shares of Real Brokerage in a research note on Wednesday. William Blair reaffirmed an “outperform” rating on shares of Real Brokerage in a report on Wednesday. Finally, BTIG Research dropped their price target on Real Brokerage from $6.00 to $4.50 and set a “buy” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $5.83.

Real Brokerage Stock Down 2.7%

NASDAQ:REAX opened at $2.53 on Thursday. The company’s 50 day moving average is $3.28 and its 200-day moving average is $3.90. Real Brokerage has a 12 month low of $2.44 and a 12 month high of $5.41. The firm has a market cap of $535.85 million, a price-to-earnings ratio of -84.33 and a beta of 1.01.

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

Institutional Investors Weigh In On Real Brokerage

Institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 valued at $246,000 after acquiring an additional 3,746 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Real Brokerage by 628.0% during the 1st quarter. NewEdge Advisors LLC now owns 75,089 shares of the company’s stock worth $305,000 after purchasing an additional 64,775 shares in the last quarter. Jane Street Group LLC grew 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 purchasing an additional 109,826 shares in the last quarter. Strs Ohio bought a new stake in shares of Real Brokerage during the first quarter valued at approximately $72,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Real Brokerage in the second quarter valued at $47,000. 53.28% of the stock is owned by institutional investors and hedge funds.

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.