Real REMAX Group’s (REAX) Neutral Rating Reiterated at Zelman & Associates

Real REMAX Group (NASDAQ:REAX)‘s stock had its “neutral” rating reiterated by Zelman & Associates in a research report issued to clients and investors on Wednesday, Benzinga reports.

A number of other equities analysts have also commented on REAX. Wall Street Zen raised shares of Real REMAX Group to a “hold” rating in a report on Saturday, September 5th. BTIG Research restated a “buy” rating and set a $35.00 price objective (up from $4.25) on shares of Real REMAX Group in a research report on Thursday, August 27th. Weiss Ratings raised shares of Real REMAX Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 8th. Edward Jones cut their target price on shares of Real REMAX Group from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, Zacks Research upgraded shares of Real REMAX Group from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Real REMAX Group presently has a consensus rating of “Moderate Buy” and an average price target of $47.14.

Real REMAX Group Trading Up 11.2%

REAX stock opened at $17.14 on Wednesday. The company’s 50 day moving average is $19.24 and its 200 day moving average is $19.74. The stock has a market cap of $373.48 million, a price-to-earnings ratio of -24.49 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.

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

Insider Buying and Selling at Real REMAX Group

In related news, major shareholder David L. Liniger sold 52,876 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 5,539,905 shares of the company’s stock, valued at approximately $105,922,983.60. This trade represents a 0.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 38.21% of the company’s stock.

Institutional Trading of Real REMAX Group

A number of hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC boosted its stake in Real REMAX Group by 187.3% in 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. Bank of New York Mellon Corp bought a new position in Real REMAX Group during the second quarter valued at approximately $680,000. Seven Six Capital Management LLC purchased a new position in shares of Real REMAX Group during the first quarter worth approximately $1,290,000. Segall Bryant & Hamill LLC purchased a new position in shares of Real REMAX Group during the first quarter worth approximately $861,000. Finally, Hsbc Holdings PLC raised its stake in shares of Real REMAX Group by 110.9% during the first quarter. Hsbc Holdings PLC now owns 124,204 shares of the company’s stock worth $308,000 after acquiring an additional 65,311 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.