Real Brokerage (NASDAQ:REAX) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Real Brokerage (NASDAQ:REAX) from a strong sell rating to a hold rating in a report published on Monday morning,Zacks reports.

A number of other brokerages have also recently weighed in on REAX. Zelman & Associates upgraded shares of Real Brokerage to an “outperform” rating in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Real Brokerage to a “hold” rating in a report on Saturday. JonesTrading increased their price objective on shares of Real Brokerage from $4.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. Weiss Ratings cut shares of Real Brokerage from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 25th. Finally, Edward Jones dropped their target price on shares of Real Brokerage from $50.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $50.00.

Real Brokerage Stock Performance

REAX stock opened at $20.69 on Monday. The firm has a market cap of $450.92 million, a PE ratio of -29.56 and a beta of 0.79. Real Brokerage has a one year low of $15.50 and a one year high of $52.50. The firm’s 50 day moving average price is $20.98 and its 200-day moving average price is $21.53.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings data on Tuesday, June 30th. The company reported ($0.30) earnings per share (EPS) for the quarter. The business had revenue of $700.58 million for the quarter. Real Brokerage had a negative return on equity of 25.32% and a negative net margin of 0.72%. Equities research analysts predict that Real Brokerage will post -0.45 EPS for the current fiscal year.

Institutional Trading of Real Brokerage

Institutional investors and hedge funds have recently bought and sold shares of the business. Private Client Services LLC lifted its position in shares of Real Brokerage by 61.0% during the second quarter. Private Client Services LLC now owns 36,754 shares of the company’s stock worth $67,000 after purchasing an additional 13,926 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Real Brokerage by 126.1% in the first quarter. Royal Bank of Canada now owns 20,754 shares of the company’s stock valued at $52,000 after purchasing an additional 11,573 shares in the last quarter. State of Wyoming grew its holdings in shares of Real Brokerage by 5.8% in the first quarter. State of Wyoming now owns 125,939 shares of the company’s stock valued at $315,000 after purchasing an additional 6,950 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in Real Brokerage during the 1st quarter worth approximately $29,000. Finally, Hsbc Holdings PLC increased its stake in Real Brokerage by 110.9% during the 1st quarter. Hsbc Holdings PLC now owns 124,204 shares of the company’s stock worth $308,000 after buying an additional 65,311 shares during the period. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

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.