Real Brokerage (NASDAQ:REAX) Trading 8.1% Higher – Here’s What Happened

The Real Brokerage Inc. (NASDAQ:REAX)’s share price shot up 8.1% on Friday . The company traded as high as $4.17 and last traded at $4.1950. 441,375 shares were traded during mid-day trading, a decline of 62% from the average session volume of 1,161,280 shares. The stock had previously closed at $3.88.

Analysts Set New Price Targets

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

Real Brokerage Price Performance

The stock has a market cap of $903.33 million, a P/E ratio of -107.25 and a beta of 0.97. The stock’s 50 day simple moving average is $3.83 and its two-hundred day simple moving average is $4.18.

Institutional Investors Weigh In On Real Brokerage

Several large investors have recently made changes to their positions in REAX. Trexquant Investment LP acquired a new position in shares of Real Brokerage during the 1st quarter worth approximately $58,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Real Brokerage by 6.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,673 shares of the company’s stock valued at $246,000 after acquiring an additional 3,746 shares during the period. NewEdge Advisors LLC grew its stake in Real Brokerage by 628.0% during the first quarter. NewEdge Advisors LLC now owns 75,089 shares of the company’s stock worth $305,000 after buying an additional 64,775 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Real Brokerage by 568.3% during the 1st quarter. Jane Street Group LLC now owns 129,153 shares of the company’s stock worth $524,000 after acquiring an additional 109,826 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of Real Brokerage in the 1st quarter valued at $72,000. 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.