JonesTrading Reiterates “Buy” Rating for Real Brokerage (NASDAQ:REAX)

Real Brokerage (NASDAQ:REAX)‘s stock had its “buy” rating reissued by stock analysts at JonesTrading in a note issued to investors on Tuesday, Benzinga reports. They currently have a $40.00 price target on the stock. JonesTrading’s target price would indicate a potential upside of 164.38% from the stock’s current price.

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

Real Brokerage Price Performance

Shares of NASDAQ:REAX opened at $15.13 on Tuesday. Real Brokerage has a one year low of $14.95 and a one year high of $49.98. The company has a market cap of $329.68 million, a price-to-earnings ratio of -21.61 and a beta of 0.79. The firm has a 50 day simple moving average of $20.32 and a 200 day simple moving average of $20.88.

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

Insider Activity

In other 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 value of $1,010,989.12. Following the completion of the sale, the insider directly owned 5,539,905 shares in the company, valued at $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 available at this link. 38.21% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in REAX. Principal Financial Group Inc. acquired a new stake in Real Brokerage in the first quarter valued at approximately $29,000. Abel Hall LLC acquired a new position in shares of Real Brokerage during the first quarter worth approximately $31,000. SmartHarvest Portfolios LLC acquired a new position in shares of Real Brokerage during the first quarter worth approximately $38,000. Royal Bank of Canada lifted its holdings in shares of Real Brokerage by 126.1% in the 1st quarter. Royal Bank of Canada now owns 20,754 shares of the company’s stock worth $52,000 after purchasing an additional 11,573 shares in the last quarter. Finally, MQS Management LLC lifted its holdings in shares of Real Brokerage by 36.7% in the 4th quarter. MQS Management LLC now owns 23,912 shares of the company’s stock worth $87,000 after purchasing an additional 6,414 shares in the last quarter. 53.28% of the stock is owned by institutional investors and hedge funds.

About Real Brokerage

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.