Real Brokerage’s (REAX) Buy Rating Reiterated at JonesTrading

Real Brokerage (NASDAQ:REAX)‘s stock had its “buy” rating reaffirmed by analysts at JonesTrading in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $40.00 target price on the stock. JonesTrading’s price target points to a potential upside of 150.55% from the stock’s current price.

A number of other brokerages also recently weighed in on REAX. BTIG Research reiterated a “buy” rating and issued a $35.00 target price (up from $4.25) on shares of Real Brokerage in a report on Thursday, August 27th. Edward Jones lowered their target price on Real Brokerage from $50.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Wall Street Zen upgraded Real Brokerage to a “hold” rating in a report on Saturday, September 5th. Weiss Ratings upgraded Real Brokerage from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 8th. Finally, Zelman & Associates upgraded Real Brokerage to an “outperform” rating in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.00.

Real Brokerage Price Performance

Shares of Real Brokerage stock traded down $0.47 during midday trading on Tuesday, reaching $15.97. The company had a trading volume of 319,697 shares, compared to its average volume of 416,283. The firm has a market cap of $347.88 million, a PE ratio of -22.80 and a beta of 0.79. The stock has a fifty day moving average price of $20.10 and a 200 day moving average price of $20.75. Real Brokerage has a fifty-two week low of $14.26 and a fifty-two week high of $45.90.

Real Brokerage (NASDAQ:REAX) last issued its earnings results on Tuesday, June 30th. The company reported ($0.30) earnings per share for the quarter. The business had revenue of $700.58 million during the quarter. Real Brokerage had a negative return on equity of 25.32% and a negative net margin of 0.72%. As a group, sell-side analysts forecast that Real Brokerage will post -0.45 EPS for the current year.

Insider Transactions at Real Brokerage

In related news, major shareholder David L. Liniger sold 52,876 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $19.12, for a total transaction of $1,010,989.12. Following the completion of the sale, the insider owned 5,539,905 shares in the company, valued at approximately $105,922,983.60. This represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 38.21% of the company’s stock.

Institutional Investors Weigh In On Real Brokerage

Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new stake in Real Brokerage during the second quarter worth $680,000. Squarepoint Ops LLC grew its holdings in Real Brokerage by 187.3% during the second quarter. Squarepoint Ops LLC now owns 629,469 shares of the company’s stock worth $1,146,000 after buying an additional 410,364 shares in the last quarter. Corient Private Wealth LP bought a new stake in Real Brokerage during the second quarter worth $100,000. Private Client Services LLC grew its holdings in Real Brokerage by 61.0% during the second quarter. Private Client Services LLC now owns 36,754 shares of the company’s stock worth $67,000 after buying an additional 13,926 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in Real Brokerage by 126.1% during the first quarter. Royal Bank of Canada now owns 20,754 shares of the company’s stock worth $52,000 after buying an additional 11,573 shares in the last quarter. Institutional investors own 53.28% of the company’s stock.

Real Brokerage Company Profile

Real Brokerage Inc is a technology-powered residential real estate brokerage that operates through a cloud-based platform. The company provides real estate agents with tools and services for managing transactions, client relationships, marketing, education, and other aspects of their businesses.

Real’s platform is designed to support independent agents and teams while reducing the need for traditional physical office locations. Its business model combines brokerage services with technology, agent education, collaboration tools, and programs intended to promote agent retention and growth.

Founded in 2014, Real serves real estate professionals in the United States and Canada.