The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report) shares gapped up prior to trading on Thursday following a stronger than expected earnings report. The stock had previously closed at $4.95, but opened at $5.12. Real Brokerage shares last traded at $5.17, with a volume of 310,818 shares.
The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. The business had revenue of $350.63 million during the quarter, compared to the consensus estimate of $300.11 million.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Jones Trading reaffirmed a "buy" rating and issued a $6.00 target price on shares of Real Brokerage in a report on Thursday. BTIG Research assumed coverage on Real Brokerage in a report on Wednesday, December 18th. They issued a "buy" rating and a $6.00 target price for the company.
View Our Latest Report on REAX
Institutional Investors Weigh In On Real Brokerage
Institutional investors and hedge funds have recently made changes to their positions in the stock. Aquatic Capital Management LLC acquired a new stake in shares of Real Brokerage in the fourth quarter valued at about $25,000. Golden State Wealth Management LLC acquired a new stake in shares of Real Brokerage in the fourth quarter valued at about $28,000. Wolverine Trading LLC acquired a new stake in shares of Real Brokerage in the third quarter valued at about $56,000. Sound Income Strategies LLC acquired a new stake in shares of Real Brokerage in the fourth quarter valued at about $47,000. Finally, Oxford Asset Management LLP acquired a new stake in shares of Real Brokerage in the fourth quarter valued at about $49,000. Institutional investors and hedge funds own 53.28% of the company's stock.
Real Brokerage Stock Down 4.4 %
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 has a 50 day moving average price of $4.86 and a two-hundred day moving average price of $5.24.
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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