Real REMAX Group Inc (NASDAQ:REAX) Stock Has Consensus Target Price of $47.14

Real REMAX Group Inc (NASDAQ:REAX) has been given an average rating of “Moderate Buy” by the twelve brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $47.14.

A number of equities research analysts have weighed in on the stock. Citigroup initiated coverage on shares of Real REMAX Group in a research note on Wednesday. They set a “market outperform” rating on the stock. Zacks Research upgraded shares of Real REMAX Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. BTIG Research restated a “buy” rating and issued a $35.00 price objective (up from $4.25) on shares of Real REMAX Group in a research note on Thursday, August 27th. Compass Point set a $40.00 price objective on shares of Real REMAX Group in a report on Wednesday. Finally, Wall Street Zen raised shares of Real REMAX Group to a “hold” rating in a report on Saturday, September 5th.

Real REMAX Group Trading Down 3.1%

REAX opened at $13.60 on Thursday. The stock has a market cap of $296.34 million, a PE ratio of -19.43 and a beta of 0.80. Real REMAX Group has a 1 year low of $13.25 and a 1 year high of $45.00. The stock’s 50 day simple moving average is $19.66 and its 200-day simple moving average is $19.99.

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

Insiders Place Their Bets

In related news, major shareholder David L. Liniger sold 52,876 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $19.12, for a total value of $1,010,989.12. Following the sale, the insider owned 5,539,905 shares of the company’s stock, valued at $105,922,983.60. The trade was a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 38.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. boosted its holdings in Real REMAX Group by 9.3% during the first quarter. Meeder Asset Management Inc. now owns 31,707 shares of the company’s stock valued at $183,000 after purchasing an additional 2,700 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Real REMAX Group by 19.9% in the 1st quarter. SG Americas Securities LLC now owns 18,244 shares of the company’s stock valued at $105,000 after purchasing an additional 3,032 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Real REMAX Group by 28.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 14,434 shares of the company’s stock worth $83,000 after buying an additional 3,200 shares in the last quarter. Engineers Gate Manager LP raised its holdings in shares of Real REMAX Group by 29.3% in the 2nd quarter. Engineers Gate Manager LP now owns 15,595 shares of the company’s stock worth $154,000 after buying an additional 3,530 shares in the last quarter. Finally, State of Wyoming raised its holdings in shares of Real REMAX Group by 5.8% in the 1st quarter. State of Wyoming now owns 125,939 shares of the company’s stock worth $315,000 after buying an additional 6,950 shares in the last quarter. Institutional investors own 53.28% of the company’s stock.

Real REMAX Group Company Profile

Real Brokerage Inc is a technology-powered residential real estate brokerage serving real estate agents and their clients in the United States and Canada. The company operates through a cloud-based model that enables agents to manage their businesses remotely while providing brokerage services for home buyers and sellers.

Real’s platform is designed to support key aspects of the real estate transaction process, including lead management, transaction coordination, document management, communication and collaboration.