The Real Brokerage Inc. (NASDAQ:REAX) Receives $5.75 Average PT from Analysts

The Real Brokerage Inc. (NASDAQ:REAX) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $5.75.

A number of equities research analysts have commented on REAX shares. JonesTrading reissued a “buy” rating and set a $5.00 price objective on shares of Real Brokerage in a report on Wednesday, March 4th. Benchmark began coverage on shares of Real Brokerage in a research note on Thursday, March 26th. They issued a “buy” rating and a $5.50 target price for the company. Freedom Capital upgraded shares of Real Brokerage to a “strong-buy” rating in a research report on Friday, January 23rd. BTIG Research decreased their price target on shares of Real Brokerage from $6.00 to $4.50 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Finally, William Blair reissued an “outperform” rating on shares of Real Brokerage in a report on Wednesday, March 4th.

Real Brokerage Stock Performance

Shares of REAX opened at $2.53 on Friday. The company has a market cap of $535.85 million, a price-to-earnings ratio of -84.33 and a beta of 1.02. The stock has a fifty day moving average price of $2.77 and a two-hundred day moving average price of $3.56. Real Brokerage has a 52-week low of $2.31 and a 52-week high of $5.41.

Real Brokerage (NASDAQ:REAX) last announced its earnings results on Thursday, March 5th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. Real Brokerage had a negative return on equity of 17.37% and a negative net margin of 0.41%.The company had revenue of $505.14 million for the quarter, compared to analysts’ expectations of $477.98 million. As a group, research analysts predict that Real Brokerage will post -0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Real Brokerage

Several hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 valued at $246,000 after acquiring an additional 3,746 shares during the period. NewEdge Advisors LLC boosted its holdings in Real Brokerage by 628.0% in the first quarter. NewEdge Advisors LLC now owns 75,089 shares of the company’s stock valued at $305,000 after acquiring an additional 64,775 shares during the last quarter. Jane Street Group LLC increased its position in Real Brokerage by 568.3% in the first quarter. Jane Street Group LLC now owns 129,153 shares of the company’s stock worth $524,000 after purchasing an additional 109,826 shares during the period. Strs Ohio bought a new stake in Real Brokerage during the 1st quarter worth about $72,000. Finally, Envestnet Asset Management Inc. bought a new stake in Real Brokerage during the 2nd quarter worth about $47,000. 53.28% of the stock is owned by institutional investors and hedge funds.

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.