Real Brokerage (NASDAQ:REAX) Stock Price Down 4.8%

The Real Brokerage Inc. (NASDAQ:REAX)’s share price fell 4.8% during trading on Tuesday . The company traded as low as $4.77 and last traded at $4.81. 250,977 shares were traded during mid-day trading, a decline of 58% from the average session volume of 602,594 shares. The stock had previously closed at $5.05.

Wall Street Analyst Weigh In

Separately, Jonestrading reaffirmed a “buy” rating and set a $4.00 target price on shares of Real Brokerage in a research note on Monday, April 8th.

Real Brokerage Stock Performance

The business’s 50 day moving average price is $3.87 and its 200 day moving average price is $2.75.

Real Brokerage (NASDAQ:REAX) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The business had revenue of $181.34 million for the quarter, compared to analyst estimates of $161.37 million. Real Brokerage had a negative return on equity of 98.38% and a negative net margin of 4.63%. As a group, research analysts forecast that The Real Brokerage Inc. will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Real Brokerage

A number of institutional investors have recently added to or reduced their stakes in REAX. Searcy Financial Services Inc. ADV acquired a new stake in shares of Real Brokerage in the 1st quarter worth $37,000. TCI Wealth Advisors Inc. acquired a new stake in Real Brokerage during the first quarter worth about $49,000. HBK Sorce Advisory LLC raised its stake in Real Brokerage by 17.1% during the first quarter. HBK Sorce Advisory LLC now owns 72,000 shares of the company’s stock worth $225,000 after purchasing an additional 10,500 shares during the period. Quadrature Capital Ltd acquired a new position in Real Brokerage in the 1st quarter valued at about $263,000. Finally, NewEdge Wealth LLC acquired a new position in Real Brokerage in the 4th quarter valued at about $448,000. Hedge funds and other institutional investors own 53.28% of the company’s stock.

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.