reAlpha Tech’s (AIRE) “Buy” Rating Reiterated at HC Wainwright

reAlpha Tech (NASDAQ:AIRE)‘s stock had its “buy” rating reissued by equities researchers at HC Wainwright in a report issued on Monday,Benzinga reports. They presently have a $2.00 price target on the stock.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of reAlpha Tech in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $1.63.

reAlpha Tech Price Performance

Shares of AIRE opened at $0.30 on Monday. The company has a current ratio of 3.99, a quick ratio of 3.99 and a debt-to-equity ratio of 0.01. The firm’s fifty day simple moving average is $0.41 and its 200-day simple moving average is $0.52. The firm has a market capitalization of $39.74 million, a price-to-earnings ratio of -1.45 and a beta of -3.56. reAlpha Tech has a twelve month low of $0.14 and a twelve month high of $2.08.

Institutional Investors Weigh In On reAlpha Tech

Several large investors have recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of reAlpha Tech by 120.4% during the fourth quarter. Geode Capital Management LLC now owns 941,337 shares of the company’s stock worth $393,000 after acquiring an additional 514,306 shares during the last quarter. Scientech Research LLC acquired a new stake in reAlpha Tech during the 3rd quarter worth $87,000. Virtu Financial LLC boosted its stake in reAlpha Tech by 484.4% during the 3rd quarter. Virtu Financial LLC now owns 114,150 shares of the company’s stock worth $88,000 after purchasing an additional 94,616 shares during the period. Finally, State Street Corp grew its position in reAlpha Tech by 49.9% during the 4th quarter. State Street Corp now owns 242,650 shares of the company’s stock worth $101,000 after purchasing an additional 80,800 shares during the last quarter. 1.02% of the stock is owned by institutional investors and hedge funds.

reAlpha Tech Company Profile

reAlpha Tech (NASDAQ: AIRE) is a real estate technology company specializing in the acquisition, renovation, and management of single-family rental properties across the United States. The company leverages proprietary data analytics and machine-learning models to identify undervalued houses in high-potential neighborhoods. Once acquired, these properties undergo a standardized renovation process designed to maximize rental value and minimize maintenance expenses, after which they are added to reAlpha’s rental portfolio.

In addition to direct property ownership, reAlpha Tech offers a subscription-based investment platform that enables accredited and non-accredited investors to participate in fractional ownership of residential real estate assets.