Real Brokerage’s (REAX) “Buy” Rating Reiterated at JonesTrading

JonesTrading reaffirmed their buy rating on shares of Real Brokerage (NASDAQ:REAX) in a report published on Tuesday morning,Benzinga reports. They currently have a $40.00 price target on the stock.

A number of other research analysts have also commented on the stock. BTIG Research reaffirmed a “buy” rating and set a $35.00 price objective (up from $4.25) on shares of Real Brokerage in a research report on Thursday, August 27th. Weiss Ratings raised Real Brokerage from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, September 8th. Wall Street Zen upgraded Real Brokerage to a “hold” rating in a research note on Saturday, September 5th. Zacks Research raised Real Brokerage from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Finally, Zelman & Associates upgraded Real Brokerage to an “outperform” rating in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $50.00.

Real Brokerage Trading Up 2.3%

REAX opened at $15.48 on Tuesday. Real Brokerage has a 1-year low of $14.26 and a 1-year high of $47.40. The stock has a market capitalization of $337.31 million, a price-to-earnings ratio of -22.11 and a beta of 0.79. The business has a 50 day moving average of $20.19 and a 200-day moving average of $20.81.

Real Brokerage (NASDAQ:REAX) last announced its earnings results 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 company had revenue of $700.58 million for the quarter. Equities analysts predict that Real Brokerage will post -0.45 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder David L. Liniger sold 52,876 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $19.12, for a total value of $1,010,989.12. Following the completion of the sale, the insider directly owned 5,539,905 shares in the company, valued at approximately $105,922,983.60. This trade represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 38.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC grew its stake in shares of Real Brokerage by 187.3% during the second quarter. Squarepoint Ops LLC now owns 629,469 shares of the company’s stock valued at $1,146,000 after purchasing an additional 410,364 shares during the last quarter. Corient Private Wealth LP acquired a new stake in shares of Real Brokerage in the second quarter valued at approximately $100,000. Bank of New York Mellon Corp bought a new position in Real Brokerage in the 2nd quarter worth approximately $680,000. Private Client Services LLC raised its position in Real Brokerage by 61.0% in the 2nd 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 during the last quarter. Finally, Royal Bank of Canada lifted its holdings in Real Brokerage by 126.1% during the 1st quarter. Royal Bank of Canada now owns 20,754 shares of the company’s stock worth $52,000 after buying an additional 11,573 shares in the last quarter. Institutional investors and hedge funds own 53.28% of the company’s stock.

Real Brokerage Company Profile

Real Brokerage Inc is a technology-powered residential real estate brokerage that operates through a cloud-based platform. The company provides real estate agents with tools and services for managing transactions, client relationships, marketing, education, and other aspects of their businesses.

Real’s platform is designed to support independent agents and teams while reducing the need for traditional physical office locations. Its business model combines brokerage services with technology, agent education, collaboration tools, and programs intended to promote agent retention and growth.

Founded in 2014, Real serves real estate professionals in the United States and Canada.