The Real Brokerage Inc. (NASDAQ:REAX) Given Average Rating of “Moderate Buy” by Analysts

Shares of The Real Brokerage Inc. (NASDAQ:REAX) have been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $5.6875.

A number of equities analysts have recently commented on REAX shares. BTIG Research reiterated a “buy” rating and issued a $4.25 target price on shares of Real Brokerage in a report on Monday, April 27th. Zelman & Associates restated a “neutral” rating on shares of Real Brokerage in a report on Thursday, March 5th. JonesTrading reaffirmed a “buy” rating and set a $5.00 price objective on shares of Real Brokerage in a research note on Monday, April 27th. Weiss Ratings cut shares of Real Brokerage from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 26th. Finally, Benchmark started coverage on shares of Real Brokerage in a research note on Thursday, March 26th. They issued a “buy” rating and a $5.50 target price on the stock.

Real Brokerage Trading Down 3.0%

Shares of NASDAQ REAX opened at $1.59 on Friday. Real Brokerage has a 12-month low of $1.55 and a 12-month high of $5.41. The firm’s 50-day moving average price is $2.10 and its 200-day moving average price is $2.88. The stock has a market capitalization of $339.47 million, a price-to-earnings ratio of -53.00 and a beta of 0.74.

Real Brokerage (NASDAQ:REAX) last released its quarterly earnings results on Tuesday, March 31st. The company reported ($0.02) EPS for the quarter. Real Brokerage had a negative return on equity of 11.37% and a negative net margin of 0.32%.The company had revenue of $465.55 million during the quarter. On average, equities analysts predict that Real Brokerage will post -0.01 EPS for the current fiscal year.

Institutional Trading of Real Brokerage

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of Real Brokerage by 126.1% during the first quarter. Royal Bank of Canada now owns 20,754 shares of the company’s stock valued at $52,000 after buying an additional 11,573 shares during the period. State of Wyoming raised its holdings in shares of Real Brokerage by 5.8% in the first quarter. State of Wyoming now owns 125,939 shares of the company’s stock worth $315,000 after buying an additional 6,950 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of Real Brokerage in the first quarter worth approximately $29,000. Hsbc Holdings PLC lifted its stake in shares of Real Brokerage by 110.9% during the 1st quarter. Hsbc Holdings PLC now owns 124,204 shares of the company’s stock worth $308,000 after acquiring an additional 65,311 shares during the last quarter. Finally, Abel Hall LLC purchased a new position in Real Brokerage during the 1st quarter valued at $31,000. 53.28% of the stock is 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.