HC Wainwright Reaffirms Buy Rating for reAlpha Tech (NASDAQ:AIRE)

reAlpha Tech (NASDAQ:AIRE)‘s stock had its “buy” rating restated by investment analysts at HC Wainwright in a research report issued on Monday,Benzinga reports. They currently have a $2.00 target price on the stock.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of reAlpha Tech in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $1.63.

reAlpha Tech Stock Down 2.1%

AIRE opened at $0.30 on Monday. reAlpha Tech has a 52 week low of $0.14 and a 52 week high of $2.08. The business has a 50 day moving average price of $0.41 and a two-hundred day moving average price of $0.52. The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 0.01. The company has a market cap of $39.74 million, a PE ratio of -1.45 and a beta of -3.56.

Hedge Funds Weigh In On reAlpha Tech

A number of large investors have recently made changes to their positions in AIRE. State Street Corp boosted its holdings in reAlpha Tech by 49.9% during the fourth quarter. State Street Corp now owns 242,650 shares of the company’s stock worth $101,000 after buying an additional 80,800 shares in the last quarter. Virtu Financial LLC lifted its position in shares of reAlpha Tech by 484.4% during the 3rd quarter. Virtu Financial LLC now owns 114,150 shares of the company’s stock valued at $88,000 after acquiring an additional 94,616 shares during the period. Scientech Research LLC purchased a new stake in shares of reAlpha Tech during the 3rd quarter worth approximately $87,000. Finally, Geode Capital Management LLC grew its holdings in shares of reAlpha Tech by 120.4% in the 4th quarter. Geode Capital Management LLC now owns 941,337 shares of the company’s stock worth $393,000 after acquiring an additional 514,306 shares during the period. Hedge funds and other institutional investors own 1.02% of the company’s stock.

About reAlpha Tech

reAlpha Tech (NASDAQ: AIRE) is a real estate technology company specializing in the acquisition, renovation, and management of single-family rental properties across the United States. The company leverages proprietary data analytics and machine-learning models to identify undervalued houses in high-potential neighborhoods. Once acquired, these properties undergo a standardized renovation process designed to maximize rental value and minimize maintenance expenses, after which they are added to reAlpha’s rental portfolio.

In addition to direct property ownership, reAlpha Tech offers a subscription-based investment platform that enables accredited and non-accredited investors to participate in fractional ownership of residential real estate assets.