reAlpha Tech (NASDAQ:AIRE) Stock Price Up 2.8% – Should You Buy?

reAlpha Tech Corp. (NASDAQ:AIRE)’s share price was up 2.8% during mid-day trading on Monday . The stock traded as high as $2.77 and last traded at $2.56. Approximately 254,943 shares were traded during trading, an increase of 51% from the average daily volume of 168,490 shares. The stock had previously closed at $2.49.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AIRE shares. Wall Street Zen upgraded shares of reAlpha Tech to a “sell” rating in a research report on Saturday, May 2nd. HC Wainwright restated a “buy” rating and issued a $50.00 price objective on shares of reAlpha Tech in a report on Monday, February 23rd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $50.00.

reAlpha Tech Trading Up 2.8%

The stock has a market capitalization of $13.73 million, a P/E ratio of -0.54 and a beta of -2.97. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average price is $4.79 and its two-hundred day moving average price is $8.39.

reAlpha Tech (NASDAQ:AIRE) last announced its quarterly earnings data on Tuesday, April 28th. The company reported ($0.75) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.00) by $0.25. The firm had revenue of $0.84 million during the quarter, compared to analyst estimates of $1.28 million. reAlpha Tech had a negative net margin of 430.43% and a negative return on equity of 258.24%. Equities research analysts forecast that reAlpha Tech Corp. will post -2.75 EPS for the current year.

Institutional Investors Weigh In On reAlpha Tech

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in reAlpha Tech by 120.4% during the 4th 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 during the last quarter. State Street Corp raised its holdings in reAlpha Tech by 49.9% during the 4th 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. Virtu Financial LLC raised its holdings in reAlpha Tech by 56.1% during the 4th quarter. Virtu Financial LLC now owns 178,189 shares of the company’s stock valued at $74,000 after buying an additional 64,039 shares during the last quarter. Finally, Scientech Research LLC bought a new stake in reAlpha Tech during the 3rd quarter valued at $87,000. 1.02% of the stock is currently owned by institutional investors.

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.