The Real Brokerage Inc. (NASDAQ:REAX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

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

Several analysts recently issued reports on the company. BTIG Research reissued a “buy” rating and issued a $4.25 price target on shares of Real Brokerage in a report on Monday, April 27th. Benchmark assumed coverage on Real Brokerage in a report on Thursday, March 26th. They issued a “buy” rating and a $5.50 price target on the stock. William Blair reissued an “outperform” rating on shares of Real Brokerage in a report on Wednesday, March 4th. Freedom Capital raised shares of Real Brokerage to a “strong-buy” rating in a report on Friday, January 23rd. Finally, Zelman & Associates reaffirmed a “neutral” rating on shares of Real Brokerage in a report on Thursday, March 5th.

Real Brokerage Stock Performance

NASDAQ REAX opened at $1.71 on Monday. Real Brokerage has a one year low of $1.63 and a one year high of $5.41. The company has a 50-day simple moving average of $2.37 and a 200-day simple moving average of $3.15. The firm has a market capitalization of $365.08 million, a PE ratio of -57.00 and a beta of 0.81.

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

Hedge Funds Weigh In On Real Brokerage

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Portolan Capital Management LLC grew its holdings in Real Brokerage by 190.5% in the 3rd quarter. Portolan Capital Management LLC now owns 5,769,203 shares of the company’s stock worth $24,115,000 after buying an additional 3,783,281 shares in the last quarter. Ophir Asset Management Pty Ltd grew its holdings in Real Brokerage by 24.9% in the 4th quarter. Ophir Asset Management Pty Ltd now owns 3,952,949 shares of the company’s stock worth $14,428,000 after buying an additional 787,330 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Real Brokerage by 7.2% in the 4th quarter. Renaissance Technologies LLC now owns 2,128,900 shares of the company’s stock worth $7,770,000 after buying an additional 143,100 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Real Brokerage by 310.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,127,804 shares of the company’s stock worth $8,894,000 after buying an additional 1,608,941 shares in the last quarter. Finally, Nuveen LLC grew its holdings in Real Brokerage by 104.5% in the 4th quarter. Nuveen LLC now owns 2,071,744 shares of the company’s stock worth $7,562,000 after buying an additional 1,058,670 shares in the last quarter. 53.28% of the stock is owned by 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.