Real Brokerage (NASDAQ:REAX) Reaches New 1-Year Low – Here’s Why

The Real Brokerage Inc. (NASDAQ:REAX) reached a new 52-week low during trading on Monday . The company traded as low as $2.39 and last traded at $2.43, with a volume of 273107 shares trading hands. The stock had previously closed at $2.53.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on REAX. William Blair restated an “outperform” rating on shares of Real Brokerage in a report on Wednesday, March 4th. JonesTrading reiterated a “buy” rating and issued a $5.00 price target on shares of Real Brokerage in a report on Wednesday, March 4th. BTIG Research lowered their price objective on shares of Real Brokerage from $6.00 to $4.50 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Real Brokerage in a report on Thursday, January 22nd. Finally, Zelman & Associates reissued a “neutral” rating on shares of Real Brokerage in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5.83.

Real Brokerage Price Performance

The firm’s 50-day moving average price is $3.24 and its 200-day moving average price is $3.86. The company has a market cap of $518.91 million, a price-to-earnings ratio of -81.67 and a beta of 1.01.

Real Brokerage (NASDAQ:REAX) last posted its earnings results on Wednesday, March 4th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. Real Brokerage had a negative net margin of 0.41% and a negative return on equity of 17.37%. The business had revenue of $505.14 million for the quarter, compared to analyst estimates of $477.98 million. On average, sell-side analysts anticipate that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of REAX. Farther Finance Advisors LLC acquired a new stake in shares of Real Brokerage in the third quarter valued at about $25,000. Xponance LLC acquired a new position in Real Brokerage during the 4th quarter worth approximately $38,000. Hudson Bay Capital Management LP purchased a new position in Real Brokerage in the 4th quarter worth approximately $41,000. Lido Advisors LLC purchased a new position in Real Brokerage in the 3rd quarter worth approximately $42,000. Finally, Inscription Capital LLC acquired a new stake in 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.