The Real Brokerage Inc. (NASDAQ:REAX) Receives $6.50 Average PT from Analysts

Shares of The Real Brokerage Inc. (NASDAQ:REAX) have received an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $5.8333.

Several research firms recently weighed in on REAX. JonesTrading reiterated a “buy” rating and set a $5.00 target price on shares of Real Brokerage in a research report on Wednesday, March 4th. William Blair restated an “outperform” rating on shares of Real Brokerage in a research report on Wednesday, March 4th. Freedom Capital raised Real Brokerage to a “strong-buy” rating in a research note on Friday, January 23rd. Zelman & Associates reaffirmed a “neutral” rating on shares of Real Brokerage in a research report on Thursday, March 5th. Finally, BTIG Research cut their price objective on Real Brokerage from $6.00 to $4.50 and set a “buy” rating for the company in a research note on Wednesday, March 4th.

Real Brokerage Trading Down 2.8%

Shares of REAX stock opened at $2.45 on Wednesday. Real Brokerage has a 12 month low of $2.39 and a 12 month high of $5.41. The stock has a market cap of $518.91 million, a P/E ratio of -81.67 and a beta of 1.01. The company has a 50 day simple moving average of $3.24 and a two-hundred day simple moving average of $3.86.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings results on Wednesday, March 4th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. Real Brokerage had a negative net margin of 0.41% and a negative return on equity of 17.37%. The business had revenue of $505.14 million for the quarter, compared to analysts’ expectations of $477.98 million. As a group, equities analysts forecast that Real Brokerage will post -0.1 earnings per share for the current year.

Hedge Funds Weigh In On Real Brokerage

A number of hedge funds have recently modified their holdings of REAX. Invesco Ltd. raised its position in shares of Real Brokerage by 88.3% during the 4th quarter. Invesco Ltd. now owns 86,661 shares of the company’s stock valued at $316,000 after purchasing an additional 40,635 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Real Brokerage during the 4th quarter valued at $128,000. XTX Topco Ltd boosted its holdings in Real Brokerage by 45.2% in the 4th quarter. XTX Topco Ltd now owns 478,972 shares of the company’s stock worth $1,748,000 after buying an additional 149,128 shares during the period. VARCOV Co. bought a new position in Real Brokerage in the 4th quarter worth $299,000. Finally, Ophir Asset Management Pty Ltd increased its stake in Real Brokerage by 24.9% in the 4th quarter. Ophir Asset Management Pty Ltd now owns 3,952,949 shares of the company’s stock worth $14,428,000 after buying an additional 787,330 shares in the last quarter. 53.28% of the stock is currently owned by institutional investors.

About Real Brokerage

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.