Real Brokerage (NASDAQ:REAX) Shares Down 6.2% – What’s Next?

The Real Brokerage Inc. (NASDAQ:REAX)’s stock price dropped 6.2% on Friday . The stock traded as low as $3.59 and last traded at $3.64. Approximately 387,326 shares changed hands during trading, a decline of 71% from the average daily volume of 1,329,166 shares. The stock had previously closed at $3.88.

Wall Street Analyst Weigh In

REAX has been the topic of several recent research reports. B. Riley reiterated a “buy” rating and set a $8.00 price objective (up previously from $7.00) on shares of Real Brokerage in a research report on Friday, October 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Real Brokerage in a research report on Wednesday, October 8th. Jones Trading reiterated a “buy” rating and issued a $5.00 price target on shares of Real Brokerage in a research report on Wednesday, November 5th. Finally, Wall Street Zen downgraded Real Brokerage from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Real Brokerage has a consensus rating of “Hold” and an average price target of $6.50.

Real Brokerage Stock Down 5.3%

The business’s 50 day moving average is $3.85 and its 200-day moving average is $4.21. The firm has a market capitalization of $778.37 million, a P/E ratio of -92.13 and a beta of 0.96.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Bancorp USA Inc. bought a new position in shares of Real Brokerage in the third quarter worth about $47,000. Jacobs Levy Equity Management Inc. boosted its position in Real Brokerage by 27.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,298,020 shares of the company’s stock valued at $5,426,000 after buying an additional 276,165 shares in the last quarter. PharVision Advisers LLC acquired a new position in shares of Real Brokerage during the third quarter worth $249,000. XTX Topco Ltd lifted its stake in shares of Real Brokerage by 48.3% in the 3rd quarter. XTX Topco Ltd now owns 329,844 shares of the company’s stock valued at $1,379,000 after acquiring an additional 107,375 shares during the last quarter. Finally, Voleon Capital Management LP acquired a new stake in shares of Real Brokerage during the 3rd quarter valued at $1,031,000. Institutional investors own 53.28% of the company’s stock.

About Real Brokerage

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.