Jones Trading reiterated their buy rating on shares of Real Brokerage (NASDAQ:REAX - Free Report) in a research report sent to investors on Thursday,Benzinga reports. The firm currently has a $6.00 price target on the stock.
Separately, BTIG Research assumed coverage on shares of Real Brokerage in a report on Wednesday, December 18th. They set a "buy" rating and a $6.00 price objective on the stock.
Read Our Latest Analysis on Real Brokerage
Real Brokerage Price Performance
NASDAQ:REAX traded down $0.21 on Thursday, reaching $4.52. The stock had a trading volume of 989,018 shares, compared to its average volume of 912,350. The company has a market cap of $893.85 million, a price-to-earnings ratio of -25.11 and a beta of 1.01. The firm's fifty day moving average is $4.86 and its two-hundred day moving average is $5.24. Real Brokerage has a 12-month low of $2.46 and a 12-month high of $6.75.
Real Brokerage (NASDAQ:REAX - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02. The company had revenue of $350.63 million for the quarter, compared to analyst estimates of $300.11 million. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. As a group, research analysts forecast that Real Brokerage will post -0.1 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. Principal Financial Group Inc. lifted its stake in Real Brokerage by 463.8% during the third quarter. Principal Financial Group Inc. now owns 72,467 shares of the company's stock worth $402,000 after purchasing an additional 59,614 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Real Brokerage in the third quarter valued at $220,000. Intech Investment Management LLC bought a new stake in Real Brokerage in the third quarter valued at $98,000. Charles Schwab Investment Management Inc. lifted its stake in Real Brokerage by 30.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 294,284 shares of the company's stock valued at $1,633,000 after buying an additional 69,343 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake in Real Brokerage by 45.8% in the third quarter. Quantbot Technologies LP now owns 58,692 shares of the company's stock valued at $326,000 after buying an additional 18,440 shares during the last quarter. Institutional investors and hedge funds own 53.28% of the company's stock.
Real Brokerage Company Profile
(
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The Real Brokerage Inc, together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It operates in three segments: North American Brokerage, Real Title, and One Real Mortgage. It offers brokerage, title, and mortgage broker services. The company is based in Miami, Florida.
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