The Real Brokerage Inc. (NASDAQ:REAX) Given Average Rating of “Moderate Buy” by Brokerages

The Real Brokerage Inc. (NASDAQ:REAX) has received a consensus rating of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $5.6875.

Several research firms have issued reports on REAX. Weiss Ratings raised shares of Real Brokerage from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. JonesTrading reaffirmed a “buy” rating and set a $5.00 price objective on shares of Real Brokerage in a report on Monday, April 27th. Zelman & Associates reaffirmed a “neutral” rating on shares of Real Brokerage in a report on Thursday, March 5th. William Blair reaffirmed an “outperform” rating on shares of Real Brokerage in a report on Wednesday, March 4th. Finally, B. Riley Financial reissued a “buy” rating on shares of Real Brokerage in a research note on Friday, May 8th.

Real Brokerage Price Performance

REAX opened at $1.78 on Monday. The company has a market cap of $380.03 million, a price-to-earnings ratio of -59.33 and a beta of 0.81. Real Brokerage has a 52-week low of $1.63 and a 52-week high of $5.41. The firm’s fifty day simple moving average is $2.30 and its two-hundred day simple moving average is $3.08.

Real Brokerage (NASDAQ:REAX) last posted its quarterly earnings data on Tuesday, March 31st. The company reported ($0.02) earnings per share (EPS) for the quarter. The company 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%. On average, research analysts forecast that Real Brokerage will post -0.01 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in REAX. Portolan Capital Management LLC boosted its holdings in shares of Real Brokerage by 190.5% during the 3rd quarter. Portolan Capital Management LLC now owns 5,769,203 shares of the company’s stock worth $24,115,000 after purchasing an additional 3,783,281 shares during the last quarter. Ophir Asset Management Pty Ltd boosted its holdings in shares of Real Brokerage by 24.9% during the 4th quarter. Ophir Asset Management Pty Ltd now owns 3,952,949 shares of the company’s stock worth $14,428,000 after purchasing an additional 787,330 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Real Brokerage by 7.2% during the 4th quarter. Renaissance Technologies LLC now owns 2,128,900 shares of the company’s stock worth $7,770,000 after purchasing an additional 143,100 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Real Brokerage by 310.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,127,804 shares of the company’s stock worth $8,894,000 after purchasing an additional 1,608,941 shares during the last quarter. Finally, Nuveen LLC boosted its holdings in shares of Real Brokerage by 104.5% during the 4th quarter. Nuveen LLC now owns 2,071,744 shares of the company’s stock worth $7,562,000 after purchasing an additional 1,058,670 shares during the last quarter. 53.28% of the stock is currently 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.