BTIG Research Cuts Real Brokerage (NASDAQ:REAX) Price Target to $4.50

Real Brokerage (NASDAQ:REAX) had its price objective trimmed by BTIG Research from $6.00 to $4.50 in a report published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also commented on REAX. William Blair reiterated an “outperform” rating on shares of Real Brokerage in a report on Wednesday. JonesTrading reissued a “buy” rating and issued a $5.00 price objective on shares of Real Brokerage in a report on Wednesday. Freedom Capital upgraded shares of Real Brokerage to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Real Brokerage in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.83.

Real Brokerage Stock Performance

NASDAQ:REAX opened at $2.53 on Wednesday. Real Brokerage has a one year low of $2.44 and a one year high of $5.41. The stock has a market cap of $535.85 million, a PE ratio of -84.33 and a beta of 1.01. The stock has a 50 day moving average price of $3.28 and a 200 day moving average price of $3.90.

Real Brokerage (NASDAQ:REAX) last released its quarterly earnings data on Wednesday, March 4th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $505.14 million for the quarter, compared to analyst estimates of $477.98 million. Real Brokerage had a negative return on equity of 17.37% and a negative net margin of 0.41%. As a group, analysts predict that Real Brokerage will post -0.1 earnings per share for the current fiscal year.

Institutional Trading of Real Brokerage

Hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC acquired a new position in Real Brokerage in the third quarter valued at about $25,000. Xponance LLC acquired a new stake in shares of Real Brokerage during the fourth quarter valued at about $38,000. Hudson Bay Capital Management LP acquired a new stake in shares of Real Brokerage during the fourth quarter valued at about $41,000. Lido Advisors LLC purchased a new stake in shares of Real Brokerage in the 3rd quarter valued at approximately $42,000. Finally, Inscription Capital LLC purchased a new stake in shares of Real Brokerage in the 3rd quarter valued at approximately $44,000. 53.28% of the stock is owned by institutional investors and hedge funds.

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.