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

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

Wall Street Analyst Weigh In

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

Real Brokerage Price Performance

The firm has a market capitalization of $903.33 million, a PE ratio of -107.25 and a beta of 0.97. The company’s fifty day simple moving average is $3.83 and its 200 day simple moving average is $4.18.

Hedge Funds Weigh In On Real Brokerage

Several hedge funds have recently made changes to their positions in the stock. Fortitude Advisory Group L.L.C. raised its stake in shares of Real Brokerage by 2.6% during the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 108,425 shares of the company’s stock valued at $453,000 after purchasing an additional 2,730 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Real Brokerage by 9.4% in the second quarter. The Manufacturers Life Insurance Company now owns 36,917 shares of the company’s stock worth $166,000 after buying an additional 3,173 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Real Brokerage by 3.4% in the second quarter. Squarepoint Ops LLC now owns 113,428 shares of the company’s stock worth $512,000 after buying an additional 3,682 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Real Brokerage by 6.6% in the first 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. Finally, Optimize Financial Inc grew its stake in Real Brokerage by 13.6% during the third quarter. Optimize Financial Inc now owns 34,699 shares of the company’s stock valued at $145,000 after acquiring an additional 4,141 shares in the last quarter. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

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.