The Real Brokerage Inc. (NASDAQ:REAX) Receives Average Rating of “Moderate Buy” from Brokerages

The Real Brokerage Inc. (NASDAQ:REAX) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $5.6875.

A number of equities research analysts have issued reports on REAX shares. BTIG Research reaffirmed a “buy” rating and set a $4.25 price objective on shares of Real Brokerage in a report on Monday, April 27th. JonesTrading restated a “buy” rating and set a $5.00 target price on shares of Real Brokerage in a research report on Monday, April 27th. Weiss Ratings cut shares of Real Brokerage from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. William Blair reiterated an “outperform” rating on shares of Real Brokerage in a report on Wednesday, March 4th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Real Brokerage in a research note on Friday, May 8th.

Real Brokerage Stock Down 3.0%

NASDAQ REAX opened at $1.59 on Friday. Real Brokerage has a twelve month low of $1.55 and a twelve month high of $5.41. The business has a 50-day moving average price of $2.10 and a 200-day moving average price of $2.88. The firm has a market cap of $339.47 million, a price-to-earnings ratio of -53.00 and a beta of 0.74.

Real Brokerage (NASDAQ:REAX) last issued its earnings results on Tuesday, March 31st. The company reported ($0.02) earnings per share (EPS) for the quarter. Real Brokerage had a negative net margin of 0.32% and a negative return on equity of 11.37%. The business had revenue of $465.55 million for the quarter. Research analysts expect that Real Brokerage will post -0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Real Brokerage

Hedge funds have recently made changes to their positions in the company. Portolan Capital Management LLC grew its holdings in Real Brokerage by 190.5% during the 3rd quarter. Portolan Capital Management LLC now owns 5,769,203 shares of the company’s stock valued at $24,115,000 after buying an additional 3,783,281 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Real Brokerage by 310.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,127,804 shares of the company’s stock valued at $8,894,000 after acquiring an additional 1,608,941 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Real Brokerage in the fourth quarter valued at $5,110,000. UBS Group AG grew its holdings in shares of Real Brokerage by 894.6% in the third quarter. UBS Group AG now owns 1,288,964 shares of the company’s stock valued at $5,388,000 after purchasing an additional 1,159,366 shares in the last quarter. Finally, Nuveen LLC increased its position in Real Brokerage by 104.5% in the fourth quarter. Nuveen LLC now owns 2,071,744 shares of the company’s stock worth $7,562,000 after purchasing an additional 1,058,670 shares during the last quarter. 53.28% of the stock is currently owned by hedge funds and other 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.