Real Brokerage (NASDAQ:REAX) Sees Large Volume Increase – Should You Buy?

The Real Brokerage Inc. (NASDAQ:REAX) saw unusually-high trading volume on Tuesday . Approximately 260,677 shares changed hands during mid-day trading, a decline of 19% from the previous session’s volume of 323,107 shares.The stock last traded at $25.4160 and had previously closed at $24.00.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on REAX. Zelman & Associates raised shares of Real Brokerage to an “outperform” rating in a research note on Friday, August 7th. JonesTrading reduced their price target on Real Brokerage from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. B. Riley Financial reaffirmed a “buy” rating on shares of Real Brokerage in a research report on Friday, May 8th. Edward Jones dropped their price objective on Real Brokerage from $50.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Zacks Research cut Real Brokerage from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $51.50.

Real Brokerage Stock Performance

The firm has a market capitalization of $5.75 billion, a PE ratio of -376.76 and a beta of 0.78. The stock’s 50-day simple moving average is $2.03 and its 200-day simple moving average is $2.22.

Real Brokerage (NASDAQ:REAX) last posted its earnings results on Tuesday, June 30th. The company reported ($3.00) EPS for the quarter. The company had revenue of $700.58 million during the quarter. Real Brokerage had a negative return on equity of 25.32% and a negative net margin of 0.72%. As a group, analysts predict that The Real Brokerage Inc. will post -0.05 earnings per share for the current fiscal year.

Institutional Trading of Real Brokerage

Several large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new position in shares of Real Brokerage in the 2nd quarter worth approximately $680,000. Private Client Services LLC boosted its position in shares of Real Brokerage by 61.0% during the second quarter. Private Client Services LLC now owns 36,754 shares of the company’s stock valued at $67,000 after purchasing an additional 13,926 shares in the last quarter. 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 purchasing an additional 11,573 shares in the last quarter. State of Wyoming grew its stake in 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 purchasing an additional 6,950 shares during the period. Finally, Principal Financial Group Inc. purchased a new stake in Real Brokerage in the first quarter worth $29,000. 53.28% of the stock is owned by institutional investors.

About Real Brokerage

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.