Jones Trading Reiterates “Buy” Rating for Real Brokerage (NASDAQ:REAX)

Real Brokerage (NASDAQ:REAX)‘s stock had its “buy” rating reiterated by investment analysts at Jones Trading in a research report issued on Wednesday,Benzinga reports. They presently have a $5.00 price objective on the stock. Jones Trading’s price target suggests a potential upside of 31.93% from the company’s previous close.

A number of other equities research analysts also recently commented on REAX. Wall Street Zen downgraded Real Brokerage from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Real Brokerage in a report on Wednesday, October 8th. Finally, B. Riley reissued a “buy” rating and set a $8.00 target price (up previously from $7.00) on shares of Real Brokerage in a report on Friday, October 31st. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.33.

Real Brokerage Trading Up 1.9%

Shares of NASDAQ REAX traded up $0.07 during midday trading on Wednesday, reaching $3.79. The company had a trading volume of 2,010,017 shares, compared to its average volume of 1,305,135. Real Brokerage has a 1 year low of $3.42 and a 1 year high of $6.61. The business’s 50-day simple moving average is $4.45 and its 200 day simple moving average is $4.33. The stock has a market cap of $802.72 million, a P/E ratio of -94.75 and a beta of 0.97.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.01 earnings per share 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 0.58% and a negative return on equity of 25.22%. Analysts predict that Real Brokerage will post -0.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new position in Real Brokerage in the 3rd quarter worth about $25,000. New York State Teachers Retirement System acquired a new position in shares of Real Brokerage during the 1st quarter worth approximately $37,000. Inscription Capital LLC purchased a new position in shares of Real Brokerage during the 3rd quarter valued at approximately $44,000. Envestnet Asset Management Inc. acquired a new stake in Real Brokerage in the 2nd quarter valued at $47,000. Finally, Thrivent Financial for Lutherans acquired a new stake in Real Brokerage in the 2nd quarter valued at $50,000. 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.