Zacks Research Upgrades Real Brokerage (NASDAQ:REAX) to “Hold”

Real Brokerage (NASDAQ:REAX) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

Other research analysts have also recently issued research reports about the company. Weiss Ratings cut Real Brokerage from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 25th. BTIG Research restated a “buy” rating and set a $35.00 price objective (up from $4.25) on shares of Real Brokerage in a research note on Thursday, August 27th. JonesTrading upped their price objective on shares of Real Brokerage from $4.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, August 25th. Edward Jones decreased their target price on shares of Real Brokerage from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, Zelman & Associates raised shares of Real Brokerage to an “outperform” rating in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Real Brokerage has a consensus rating of “Moderate Buy” and a consensus price target of $50.00.

Real Brokerage Trading Up 10.8%

Shares of NASDAQ:REAX opened at $20.69 on Monday. The firm’s 50 day moving average is $20.98 and its two-hundred day moving average is $21.53. The firm has a market capitalization of $450.92 million, a P/E ratio of -29.56 and a beta of 0.79. Real Brokerage has a 52 week low of $15.50 and a 52 week high of $52.50.

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. Real Brokerage had a negative return on equity of 25.32% and a negative net margin of 0.72%.The business had revenue of $700.58 million during the quarter. Analysts predict that Real Brokerage will post -0.45 EPS for the current year.

Institutional Trading of Real Brokerage

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Lido Advisors LLC bought a new position in Real Brokerage during the third quarter valued at about $42,000. Xponance LLC bought a new stake in Real Brokerage in the fourth quarter worth about $38,000. Envestnet Asset Management Inc. bought a new stake in Real Brokerage in the second quarter worth about $47,000. Thrivent Financial for Lutherans acquired a new stake in Real Brokerage in the 2nd quarter valued at about $50,000. Finally, Quarry LP lifted its holdings in Real Brokerage by 1,615.9% in the 3rd quarter. Quarry LP now owns 11,256 shares of the company’s stock valued at $47,000 after acquiring an additional 10,600 shares during the last quarter. Institutional investors own 53.28% of the company’s stock.

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.