Real Brokerage (NASDAQ:REAX) Sets New 12-Month Low – Here’s What Happened

The Real Brokerage Inc. (NASDAQ:REAX)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $3.40 and last traded at $3.4150, with a volume of 1127356 shares. The stock had previously closed at $3.59.

Analyst Ratings Changes

Several analysts recently issued reports on REAX shares. B. Riley reissued a “buy” rating and set a $8.00 target price (up previously from $7.00) on shares of Real Brokerage in a research note on Friday, October 31st. Jones Trading reiterated a “buy” rating and set a $5.00 price objective on shares of Real Brokerage in a report on Wednesday, November 5th. Wall Street Zen downgraded shares of Real Brokerage from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Real Brokerage in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.50.

Real Brokerage Stock Performance

The stock has a market capitalization of $723.30 million, a price-to-earnings ratio of -85.38 and a beta of 0.96. The company has a 50 day moving average of $3.84 and a 200 day moving average of $4.20.

Institutional Investors Weigh In On Real Brokerage

Several hedge funds and other institutional investors have recently added to or reduced their stakes in REAX. Charles Schwab Investment Management Inc. boosted its holdings in shares of Real Brokerage by 6.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 465,183 shares of the company’s stock valued at $1,889,000 after acquiring an additional 26,888 shares during the period. Trexquant Investment LP acquired a new stake in Real Brokerage during the 1st quarter worth $58,000. Cubist Systematic Strategies LLC grew its position in Real Brokerage by 9.1% during the 1st quarter. Cubist Systematic Strategies LLC now owns 358,684 shares of the company’s stock worth $1,456,000 after purchasing an additional 30,024 shares during the last quarter. PDT Partners LLC increased its stake in Real Brokerage by 180.8% in the first quarter. PDT Partners LLC now owns 146,778 shares of the company’s stock valued at $596,000 after purchasing an additional 94,501 shares during the period. Finally, AWM Investment Company Inc. increased its stake in Real Brokerage by 1.2% in the first quarter. AWM Investment Company Inc. now owns 2,317,865 shares of the company’s stock valued at $9,411,000 after purchasing an additional 27,437 shares during the period. Institutional investors and hedge funds own 53.28% of the company’s stock.

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.