Real Brokerage (NASDAQ:REAX) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Real Brokerage (NASDAQ:REAX) from a buy rating to a hold rating in a research note published on Saturday morning.

Several other research firms have also issued reports on REAX. B. Riley began coverage on shares of Real Brokerage in a research report on Wednesday, June 25th. They issued a “buy” rating and a $7.00 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Real Brokerage in a research report on Wednesday, October 8th. Finally, Jones Trading restated a “buy” rating and issued a $6.00 price target on shares of Real Brokerage in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.33.

Real Brokerage Stock Performance

Real Brokerage stock opened at $3.91 on Friday. The firm has a market cap of $773.20 million, a price-to-earnings ratio of -78.20 and a beta of 0.98. Real Brokerage has a 1 year low of $3.59 and a 1 year high of $6.61. The firm’s 50 day moving average price is $4.63 and its two-hundred day moving average price is $4.38.

Real Brokerage (NASDAQ:REAX) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $540.75 million for the quarter, compared to analyst estimates of $510.58 million. Real Brokerage had a negative net margin of 0.78% and a negative return on equity of 35.33%. As a group, equities analysts predict that Real Brokerage will post -0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Real Brokerage

A number of large investors have recently made changes to their positions in REAX. AWM Investment Company Inc. boosted its holdings in shares of Real Brokerage by 1.2% during the first quarter. AWM Investment Company Inc. now owns 2,317,865 shares of the company’s stock worth $9,411,000 after purchasing an additional 27,437 shares during the period. Geode Capital Management LLC lifted its position in Real Brokerage by 6.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,369,849 shares of the company’s stock worth $6,178,000 after buying an additional 85,007 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Real Brokerage by 2.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,335,093 shares of the company’s stock worth $6,021,000 after buying an additional 29,806 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Real Brokerage during the 1st quarter valued at $4,660,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Real Brokerage by 33.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,036,363 shares of the company’s stock valued at $4,208,000 after acquiring an additional 259,334 shares in the last quarter. Institutional investors and hedge funds own 53.28% of the company’s stock.

Real Brokerage Company Profile

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.