HC Wainwright Reaffirms Buy Rating for reAlpha Tech (NASDAQ:AIRE)

reAlpha Tech (NASDAQ:AIRE)‘s stock had its “buy” rating reaffirmed by analysts at HC Wainwright in a research note issued to investors on Monday,Benzinga reports. They currently have a $2.00 target price on the stock.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of reAlpha Tech in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, reAlpha Tech currently has a consensus rating of “Hold” and a consensus price target of $1.63.

reAlpha Tech Trading Up 9.0%

Shares of AIRE stock opened at $0.33 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.99 and a quick ratio of 3.99. The firm has a market cap of $42.79 million, a PE ratio of -1.56 and a beta of -3.56. The company has a 50-day moving average of $0.41 and a two-hundred day moving average of $0.52. reAlpha Tech has a 1-year low of $0.14 and a 1-year high of $1.81.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC increased its position in shares of reAlpha Tech by 56.1% in the 4th quarter. Virtu Financial LLC now owns 178,189 shares of the company’s stock valued at $74,000 after purchasing an additional 64,039 shares during the last quarter. State Street Corp increased its holdings in reAlpha Tech by 49.9% in the fourth quarter. State Street Corp now owns 242,650 shares of the company’s stock valued at $101,000 after buying an additional 80,800 shares during the last quarter. Geode Capital Management LLC raised its stake in reAlpha Tech by 120.4% in the fourth quarter. Geode Capital Management LLC now owns 941,337 shares of the company’s stock valued at $393,000 after buying an additional 514,306 shares in the last quarter. Finally, Scientech Research LLC purchased a new stake in reAlpha Tech during the 3rd quarter worth about $87,000. Institutional investors and hedge funds own 1.02% of the company’s stock.

reAlpha Tech Company Profile

reAlpha Tech (NASDAQ: AIRE) is a real estate technology company specializing in the acquisition, renovation, and management of single-family rental properties across the United States. The company leverages proprietary data analytics and machine-learning models to identify undervalued houses in high-potential neighborhoods. Once acquired, these properties undergo a standardized renovation process designed to maximize rental value and minimize maintenance expenses, after which they are added to reAlpha’s rental portfolio.

In addition to direct property ownership, reAlpha Tech offers a subscription-based investment platform that enables accredited and non-accredited investors to participate in fractional ownership of residential real estate assets.