Shares of The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $4.82, but opened at $4.92. Real Brokerage shares last traded at $4.80, with a volume of 89,765 shares changing hands.
Wall Street Analyst Weigh In
Separately, BTIG Research started coverage on shares of Real Brokerage in a report on Wednesday, December 18th. They set a "buy" rating and a $6.00 price target on the stock.
View Our Latest Stock Analysis on REAX
Real Brokerage Stock Performance
The company has a market capitalization of $935.38 million, a P/E ratio of -26.28 and a beta of 0.95. The stock has a 50 day moving average price of $5.23 and a 200 day moving average price of $5.32.
Real Brokerage (NASDAQ:REAX - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.03. The firm had revenue of $372.49 million for the quarter, compared to analysts' expectations of $334.61 million. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. During the same period in the previous year, the company earned ($0.02) earnings per share. As a group, sell-side analysts expect that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.
Institutional Trading of Real Brokerage
Several hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc. increased its holdings in Real Brokerage by 106.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 595,055 shares of the company's stock worth $3,303,000 after acquiring an additional 307,016 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Real Brokerage in the second quarter worth about $1,091,000. Rhumbline Advisers bought a new stake in shares of Real Brokerage in the second quarter valued at approximately $474,000. GSA Capital Partners LLP purchased a new stake in shares of Real Brokerage during the 3rd quarter valued at approximately $220,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Real Brokerage during the 3rd quarter valued at approximately $871,000. 53.28% of the stock is currently owned by institutional investors.
About Real Brokerage
(
Get Free Report)
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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