The Real Brokerage Inc. (NASDAQ:REAX) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

The Real Brokerage Inc. (NASDAQ:REAX) has earned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $50.00.

Several research analysts have weighed in on REAX shares. Zelman & Associates upgraded shares of Real Brokerage to an “outperform” rating in a research note on Friday, August 7th. JonesTrading reissued a “buy” rating and set a $40.00 target price on shares of Real Brokerage in a research note on Tuesday. BTIG Research restated a “buy” rating and set a $35.00 price target (up from $4.25) on shares of Real Brokerage in a report on Thursday, August 27th. Weiss Ratings raised shares of Real Brokerage from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 8th. Finally, Wall Street Zen upgraded Real Brokerage to a “hold” rating in a report on Saturday, September 5th.

Insider Buying and Selling

In other Real Brokerage news, major shareholder David L. Liniger sold 52,876 shares of the business’s stock in a transaction dated 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 owned 5,539,905 shares in the company, valued at $105,922,983.60. The trade was a 0.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 38.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Real Brokerage

Hedge funds and other institutional investors have recently made changes to their positions in the company. ProShare Advisors LLC increased its position in Real Brokerage by 33.5% during the fourth quarter. ProShare Advisors LLC now owns 24,207 shares of the company’s stock worth $88,000 after acquiring an additional 6,070 shares during the period. MQS Management LLC raised its stake in Real Brokerage by 36.7% during the 4th quarter. MQS Management LLC now owns 23,912 shares of the company’s stock valued at $87,000 after purchasing an additional 6,414 shares during the last quarter. State of Wyoming boosted its holdings in Real Brokerage by 5.8% in the 1st quarter. State of Wyoming now owns 125,939 shares of the company’s stock valued at $315,000 after purchasing an additional 6,950 shares during the period. Principal Financial Group Inc. bought a new stake in Real Brokerage in the 1st quarter valued at $29,000. Finally, Royal Bank of Canada grew its position in Real Brokerage by 126.1% in the 1st quarter. Royal Bank of Canada now owns 20,754 shares of the company’s stock worth $52,000 after purchasing an additional 11,573 shares during the last quarter. 53.28% of the stock is owned by hedge funds and other institutional investors.

Real Brokerage Price Performance

Shares of REAX opened at $15.48 on Friday. The business’s 50-day moving average is $20.19 and its 200-day moving average is $20.81. The company has a market capitalization of $337.31 million, a price-to-earnings ratio of -22.11 and a beta of 0.79. Real Brokerage has a fifty-two week low of $14.26 and a fifty-two week high of $47.40.

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

About Real Brokerage

Real Brokerage Inc is a technology-powered residential real estate brokerage that operates through a cloud-based platform. The company provides real estate agents with tools and services for managing transactions, client relationships, marketing, education, and other aspects of their businesses.

Real’s platform is designed to support independent agents and teams while reducing the need for traditional physical office locations. Its business model combines brokerage services with technology, agent education, collaboration tools, and programs intended to promote agent retention and growth.

Founded in 2014, Real serves real estate professionals in the United States and Canada.