Real Brokerage (NASDAQ:REAX) Hits New 52-Week High at $5.15

The Real Brokerage Inc. (NASDAQ:REAX)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $5.15 and last traded at $4.96, with a volume of 430162 shares. The stock had previously closed at $4.18.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Jonestrading restated a “buy” rating and set a $4.00 price objective on shares of Real Brokerage in a research report on Monday, April 8th. Roth Mkm raised their target price on shares of Real Brokerage from $2.75 to $3.50 and gave the stock a “buy” rating in a report on Thursday, January 18th.

Real Brokerage Stock Up 25.1 %

The business has a 50-day moving average price of $3.43 and a 200-day moving average price of $2.46. The company has a market capitalization of $979.27 million, a price-to-earnings ratio of -34.66 and a beta of 1.01.

Real Brokerage (NASDAQ:REAX) last announced its earnings results on Thursday, March 7th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Real Brokerage had a negative return on equity of 105.23% and a negative net margin of 3.99%. The firm had revenue of $181.34 million during the quarter, compared to analyst estimates of $161.37 million. As a group, sell-side analysts predict that The Real Brokerage Inc. will post -0.12 EPS for the current year.

Institutional Trading of Real Brokerage

A hedge fund recently bought a new stake in Real Brokerage stock. Searcy Financial Services Inc. ADV purchased a new stake in shares of The Real Brokerage Inc. (NASDAQ:REAX) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,714 shares of the company’s stock, valued at approximately $37,000. Real Brokerage makes up approximately 0.0% of Searcy Financial Services Inc. ADV’s portfolio, making the stock its 26th largest position. 53.28% of the stock is currently owned by institutional investors and hedge funds.

About Real Brokerage

The Real Brokerage Inc, together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It operates in three segments: North American Brokerage, Real Title, and One Real Mortgage. It offers brokerage, title, and mortgage broker services. The company is based in Miami, Florida.