Real REMAX Group (NASDAQ:REAX) Research Coverage Started at Citizens Jmp

Citizens Jmp assumed coverage on shares of Real REMAX Group (NASDAQ:REAX) in a report released on Wednesday, MarketBeat reports. The brokerage issued a market outperform rating and a $40.00 price objective on the stock.

Other analysts also recently issued reports about the stock. BTIG Research reaffirmed a “buy” rating and set a $35.00 price objective (up from $4.25) on shares of Real REMAX Group in a report on Thursday, August 27th. JonesTrading reiterated a “buy” rating and issued a $40.00 target price on shares of Real REMAX Group in a report on Tuesday, September 22nd. Citigroup initiated coverage on shares of Real REMAX Group in a report on Wednesday. They issued a “market outperform” rating on the stock. Compass Point set a $40.00 target price on shares of Real REMAX Group in a research report on Wednesday. Finally, Weiss Ratings upgraded shares of Real REMAX Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.14.

Real REMAX Group Stock Down 0.4%

Shares of Real REMAX Group stock opened at $15.92 on Wednesday. The stock has a market capitalization of $346.90 million, a P/E ratio of -22.74 and a beta of 0.80. The stock has a 50 day moving average price of $19.47 and a two-hundred day moving average price of $19.90. Real REMAX Group has a 12-month low of $13.25 and a 12-month high of $45.00.

Real REMAX Group (NASDAQ:REAX) last announced its quarterly earnings results on Tuesday, June 30th. The company reported ($0.30) EPS for the quarter. Real REMAX Group had a negative net margin of 0.72% and a negative return on equity of 25.32%. The company had revenue of $700.58 million for the quarter. Sell-side analysts anticipate that Real REMAX Group will post -0.45 earnings per share for the current year.

Insider Transactions at Real REMAX Group

In other Real REMAX Group news, major shareholder David L. Liniger sold 52,876 shares of Real REMAX Group stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $19.12, for a total value of $1,010,989.12. Following the transaction, the insider directly owned 5,539,905 shares of the company’s stock, valued at $105,922,983.60. The trade was a 0.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 38.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Real REMAX Group

Several hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC increased its position in Real REMAX Group by 187.3% during the second quarter. Squarepoint Ops LLC now owns 629,469 shares of the company’s stock worth $1,146,000 after acquiring an additional 410,364 shares during the period. Bank of New York Mellon Corp bought a new stake in Real REMAX Group in the 2nd quarter valued at $680,000. Seven Six Capital Management LLC bought a new stake in Real REMAX Group in the 1st quarter valued at $1,290,000. Empowered Funds LLC grew its position in Real REMAX Group by 6.4% in the 1st quarter. Empowered Funds LLC now owns 181,253 shares of the company’s stock worth $1,044,000 after purchasing an additional 10,915 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in Real REMAX Group in the 1st quarter worth $861,000. 53.28% of the stock is owned by institutional investors.

About Real REMAX Group

Real Brokerage Inc is a technology-powered residential real estate brokerage serving real estate agents and their clients in the United States and Canada. The company operates through a cloud-based model that enables agents to manage their businesses remotely while providing brokerage services for home buyers and sellers.

Real’s platform is designed to support key aspects of the real estate transaction process, including lead management, transaction coordination, document management, communication and collaboration.