Brokerages Set The Real Brokerage Inc. (NASDAQ:REAX) Price Target at $5.69

The Real Brokerage Inc. (NASDAQ:REAX) has received an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $5.6875.

Several brokerages have commented on REAX. William Blair restated an “outperform” rating on shares of Real Brokerage in a research report on Wednesday, March 4th. BTIG Research restated a “buy” rating and set a $4.25 price objective on shares of Real Brokerage in a research report on Monday, April 27th. Weiss Ratings downgraded shares of Real Brokerage from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 26th. B. Riley Financial restated a “buy” rating on shares of Real Brokerage in a research report on Friday, May 8th. Finally, Benchmark began coverage on shares of Real Brokerage in a research report on Thursday, March 26th. They set a “buy” rating and a $5.50 price objective for the company.

Real Brokerage Trading Up 3.6%

Shares of REAX stock opened at $1.72 on Friday. Real Brokerage has a 1 year low of $1.55 and a 1 year high of $5.41. The stock has a market cap of $367.22 million, a P/E ratio of -57.33 and a beta of 0.74. The stock has a 50 day simple moving average of $2.05 and a 200 day simple moving average of $2.83.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.02) EPS for the quarter. Real Brokerage had a negative net margin of 0.32% and a negative return on equity of 11.37%. The firm had revenue of $465.55 million for the quarter. Analysts forecast that Real Brokerage will post -0.01 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in REAX. Principal Financial Group Inc. acquired a new position in shares of Real Brokerage during the first quarter worth $29,000. Abel Hall LLC acquired a new position in shares of Real Brokerage during the first quarter worth $31,000. SmartHarvest Portfolios LLC acquired a new position in shares of Real Brokerage during the first quarter worth $38,000. Xponance LLC acquired a new position in shares of Real Brokerage during the fourth quarter worth $38,000. Finally, Hudson Bay Capital Management LP acquired a new position in shares of Real Brokerage during the fourth quarter worth $41,000. 53.28% of the stock is currently owned by institutional investors and hedge funds.

Real Brokerage Company Profile

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.