Real Brokerage (NASDAQ:REAX) Hits New 12-Month Low – Here’s What Happened

The Real Brokerage Inc. (NASDAQ:REAX) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $2.50 and last traded at $2.5910, with a volume of 154803 shares trading hands. The stock had previously closed at $2.58.

Wall Street Analyst Weigh In

A number of analysts have issued reports on REAX shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Real Brokerage in a report on Thursday, January 22nd. Freedom Capital upgraded shares of Real Brokerage to a “strong-buy” rating in a research report on Friday, January 23rd. B. Riley Financial restated a “buy” rating and issued a $8.00 target price (up previously from $7.00) on shares of Real Brokerage in a report on Friday, October 31st. Finally, JonesTrading reiterated a “buy” rating and set a $5.00 price target on shares of Real Brokerage in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Real Brokerage has a consensus rating of “Moderate Buy” and a consensus price target of $6.50.

Real Brokerage Price Performance

The company has a market cap of $553.86 million, a PE ratio of -65.13 and a beta of 0.97. The stock has a 50 day simple moving average of $3.59 and a two-hundred day simple moving average of $4.03.

Institutional Investors Weigh In On Real Brokerage

Hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC purchased a new position in shares of Real Brokerage during the third quarter worth about $25,000. Lido Advisors LLC acquired a new stake in Real Brokerage during the 3rd quarter worth approximately $42,000. Xponance LLC purchased a new position in shares of Real Brokerage in the 4th quarter valued at approximately $38,000. Envestnet Asset Management Inc. acquired a new position in shares of Real Brokerage in the second quarter valued at approximately $47,000. Finally, Inscription Capital LLC acquired a new position in shares of Real Brokerage in the third quarter valued at approximately $44,000. Institutional investors and hedge funds 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.