Real Brokerage (NASDAQ:REAX) Hits New 1-Year Low – Should You Sell?

The Real Brokerage Inc. (NASDAQ:REAX)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $2.50 and last traded at $2.5910, with a volume of 154803 shares traded. The stock had previously closed at $2.58.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Real Brokerage in a research note on Thursday, January 22nd. Freedom Capital raised Real Brokerage to a “strong-buy” rating in a report on Friday, January 23rd. B. Riley Financial reiterated a “buy” rating and set a $8.00 price objective (up previously from $7.00) on shares of Real Brokerage in a research report on Friday, October 31st. Finally, JonesTrading reissued a “buy” rating and set a $5.00 price target on shares of Real Brokerage in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.50.

Real Brokerage Stock Performance

The stock has a market capitalization of $553.86 million, a price-to-earnings ratio of -65.13 and a beta of 0.97. The business has a 50-day moving average of $3.59 and a 200-day moving average of $4.03.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Fortitude Advisory Group L.L.C. lifted its stake in Real Brokerage by 2.6% during the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 108,425 shares of the company’s stock worth $453,000 after acquiring an additional 2,730 shares in the last quarter. Merit Financial Group LLC lifted its position in shares of Real Brokerage by 19.0% during the fourth quarter. Merit Financial Group LLC now owns 19,137 shares of the company’s stock worth $70,000 after purchasing an additional 3,053 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Real Brokerage by 9.4% in the second quarter. The Manufacturers Life Insurance Company now owns 36,917 shares of the company’s stock valued at $166,000 after purchasing an additional 3,173 shares during the period. Squarepoint Ops LLC boosted its stake in shares of Real Brokerage by 3.4% in the second quarter. Squarepoint Ops LLC now owns 113,428 shares of the company’s stock valued at $512,000 after purchasing an additional 3,682 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Real Brokerage by 6.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,673 shares of the company’s stock valued at $246,000 after purchasing an additional 3,746 shares in the last quarter. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

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.