Real Brokerage (NASDAQ:REAX) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Real Brokerage (NASDAQ:REAX – Free Report) to a hold rating in a research note published on Saturday,Wall Street Zen reports.

Several other analysts also recently weighed in on REAX. BTIG Research reissued a “buy” rating and issued a $35.00 price target (up from $4.25) on shares of Real Brokerage in a research note on Thursday, August 27th. Zacks Research lowered Real Brokerage from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Zelman & Associates upgraded Real Brokerage to an “outperform” rating in a report on Friday, August 7th. Weiss Ratings cut shares of Real Brokerage from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 25th. Finally, B. Riley Financial reissued a “buy” rating on shares of Real Brokerage in a report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $50.00.

Get Our Latest Stock Analysis on Real Brokerage

Real Brokerage Price Performance

Shares of REAX opened at $18.67 on Friday. The firm’s 50 day simple moving average is $20.93 and its 200 day simple moving average is $21.56. The company has a market capitalization of $406.82 million, a P/E ratio of -26.67 and a beta of 0.79. Real Brokerage has a 1-year low of $15.50 and a 1-year high of $54.05.

Real Brokerage (NASDAQ:REAX – Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The company reported ($0.30) earnings per share (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. On average, equities analysts anticipate that Real Brokerage will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Real Brokerage

A number of institutional investors have recently added to or reduced their stakes in REAX. Principal Financial Group Inc. purchased a new position in shares of Real Brokerage during the first quarter valued at about $29,000. Abel Hall LLC purchased a new stake in Real Brokerage during the 1st quarter valued at $31,000. SmartHarvest Portfolios LLC purchased a new stake in shares of Real Brokerage in the first quarter valued at $38,000. Xponance LLC purchased a new stake in Real Brokerage in the 4th quarter worth about $38,000. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Real Brokerage in the fourth quarter worth approximately $41,000. 53.28% of the stock is owned by hedge funds and other institutional investors.

About Real Brokerage

(Get Free Report)

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.

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