Benchmark Begins Coverage on Real Brokerage (NASDAQ:REAX)

Stock analysts at Benchmark assumed coverage on shares of Real Brokerage (NASDAQ:REAX) in a report released on Thursday, MarketBeat Ratings reports. The firm set a “buy” rating and a $5.50 price target on the stock. Benchmark’s target price would indicate a potential upside of 129.17% from the company’s current price.

REAX has been the topic of several other reports. William Blair reissued an “outperform” rating on shares of Real Brokerage in a report on Wednesday, March 4th. Freedom Capital upgraded shares of Real Brokerage to a “strong-buy” rating in a research report on Friday, January 23rd. BTIG Research decreased their price objective on shares of Real Brokerage from $6.00 to $4.50 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. JonesTrading restated a “buy” rating and set a $5.00 price objective on shares of Real Brokerage in a research report on Wednesday, March 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Real Brokerage in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $5.75.

Real Brokerage Stock Performance

REAX opened at $2.40 on Thursday. Real Brokerage has a 52-week low of $2.31 and a 52-week high of $5.41. The firm has a market cap of $508.32 million, a P/E ratio of -80.00 and a beta of 1.01. The business’s fifty day moving average is $2.87 and its 200-day moving average is $3.63.

Real Brokerage (NASDAQ:REAX) last posted its quarterly earnings results on Thursday, March 5th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Real Brokerage had a negative return on equity of 17.37% and a negative net margin of 0.41%.The business had revenue of $505.14 million during the quarter, compared to the consensus estimate of $477.98 million. On average, research analysts predict that Real Brokerage will post -0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fortitude Advisory Group L.L.C. boosted its stake in shares of Real Brokerage by 2.6% in the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 108,425 shares of the company’s stock valued at $453,000 after purchasing an additional 2,730 shares in the last quarter. Merit Financial Group LLC increased its position in Real Brokerage by 19.0% during the 4th 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 lifted its stake in Real Brokerage by 9.4% in the 2nd 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 last quarter. Squarepoint Ops LLC lifted its stake in Real Brokerage by 3.4% in the 2nd 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 last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 buying an additional 3,746 shares in the last quarter. Institutional investors own 53.28% of the company’s stock.

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.