The Real Brokerage Inc. (NASDAQ:REAX) Receives $5.69 Consensus Target Price from Analysts

Shares of The Real Brokerage Inc. (NASDAQ:REAX) have received a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $5.6875.

Several research firms have issued reports on REAX. Weiss Ratings lowered shares of Real Brokerage from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 26th. B. Riley Financial reaffirmed a “buy” rating on shares of Real Brokerage in a research report on Friday, May 8th. JonesTrading reiterated a “buy” rating and issued a $5.00 target price on shares of Real Brokerage in a research note on Monday, April 27th. BTIG Research reissued a “buy” rating and set a $4.25 target price on shares of Real Brokerage in a research report on Monday, April 27th. Finally, Benchmark assumed coverage on Real Brokerage in a research note on Thursday, March 26th. They set a “buy” rating and a $5.50 price target on the stock.

Institutional Trading of Real Brokerage

Institutional investors have recently bought and sold shares of the stock. Merit Financial Group LLC increased its holdings in shares of Real Brokerage by 19.0% during the fourth quarter. Merit Financial Group LLC now owns 19,137 shares of the company’s stock worth $70,000 after buying an additional 3,053 shares in the last quarter. The Manufacturers Life Insurance Company raised its position 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Real Brokerage by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,673 shares of the company’s stock worth $246,000 after purchasing an additional 3,746 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Real Brokerage by 4.8% in the second quarter. Russell Investments Group Ltd. now owns 94,409 shares of the company’s stock valued at $426,000 after buying an additional 4,304 shares in the last quarter. Finally, Strs Ohio increased its stake in shares of Real Brokerage by 31.5% in the fourth quarter. Strs Ohio now owns 23,400 shares of the company’s stock valued at $85,000 after buying an additional 5,600 shares in the last quarter. Institutional investors and hedge funds own 53.28% of the company’s stock.

Real Brokerage Price Performance

Real Brokerage stock opened at $2.07 on Tuesday. The firm has a market cap of $451.14 million, a price-to-earnings ratio of -69.00 and a beta of 0.74. Real Brokerage has a fifty-two week low of $1.55 and a fifty-two week high of $5.41. The firm has a fifty day moving average price of $1.84 and a two-hundred day moving average price of $2.56.

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

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.