Real Brokerage (NASDAQ:REAX) Rating Increased to Strong-Buy at Benchmark

Real Brokerage (NASDAQ:REAX) was upgraded by analysts at Benchmark to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Several other analysts have also weighed in on the company. William Blair reaffirmed an “outperform” rating on shares of Real Brokerage in a research note on Wednesday, March 4th. BTIG Research dropped their target price on shares of Real Brokerage from $6.00 to $4.50 and set a “buy” rating for the company in a report on Wednesday, March 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Real Brokerage in a research note on Thursday, January 22nd. JonesTrading reiterated a “buy” rating and set a $5.00 price objective on shares of Real Brokerage in a research report on Wednesday, March 4th. Finally, Zelman & Associates reissued a “neutral” rating on shares of Real Brokerage in a research note on Thursday, March 5th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5.75.

Real Brokerage Price Performance

Shares of NASDAQ:REAX opened at $2.41 on Wednesday. Real Brokerage has a 1 year low of $2.31 and a 1 year high of $5.41. The stock has a market capitalization of $510.44 million, a price-to-earnings ratio of -80.33 and a beta of 1.01. The company’s 50 day simple moving average is $2.89 and its 200 day simple moving average is $3.65.

Real Brokerage (NASDAQ:REAX) last issued its earnings results on Wednesday, March 4th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Real Brokerage had a negative return on equity of 17.37% and a negative net margin of 0.41%.The firm had revenue of $505.14 million for the quarter, compared to the consensus estimate of $477.98 million. As a group, analysts anticipate that Real Brokerage will post -0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Real Brokerage

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Portolan Capital Management LLC raised its stake in shares of Real Brokerage by 190.5% during the third quarter. Portolan Capital Management LLC now owns 5,769,203 shares of the company’s stock valued at $24,115,000 after acquiring an additional 3,783,281 shares during the last quarter. Ophir Asset Management Pty Ltd grew its stake in shares of Real Brokerage by 24.9% in the fourth quarter. Ophir Asset Management Pty Ltd now owns 3,952,949 shares of the company’s stock worth $14,428,000 after purchasing an additional 787,330 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Real Brokerage by 7.2% in the fourth quarter. Renaissance Technologies LLC now owns 2,128,900 shares of the company’s stock valued at $7,770,000 after purchasing an additional 143,100 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Real Brokerage by 310.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,127,804 shares of the company’s stock valued at $8,894,000 after purchasing an additional 1,608,941 shares during the period. Finally, Nuveen LLC raised its position in Real Brokerage by 104.5% during the 4th quarter. Nuveen LLC now owns 2,071,744 shares of the company’s stock worth $7,562,000 after purchasing an additional 1,058,670 shares during the last quarter. 53.28% of the stock is currently owned by institutional investors and hedge funds.

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.