The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report)'s stock price was up 11% during mid-day trading on Wednesday . The stock traded as high as $4.55 and last traded at $4.55. Approximately 143,395 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 900,863 shares. The stock had previously closed at $4.10.
Analysts Set New Price Targets
Separately, BTIG Research assumed coverage on Real Brokerage in a research note on Wednesday, December 18th. They issued a "buy" rating and a $6.00 price target for the company.
Read Our Latest Stock Report on REAX
Real Brokerage Price Performance
The firm has a market cap of $881.98 million, a price-to-earnings ratio of -24.78 and a beta of 1.00. The company has a fifty day moving average price of $5.00 and a two-hundred day moving average price of $5.38.
Real Brokerage (NASDAQ:REAX - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. The business had revenue of $372.49 million during the quarter, compared to analyst estimates of $334.61 million. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. On average, research analysts expect that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Real Brokerage
Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC lifted its holdings in shares of Real Brokerage by 488.7% during the third quarter. Jane Street Group LLC now owns 134,089 shares of the company's stock valued at $744,000 after purchasing an additional 111,312 shares during the last quarter. Barclays PLC lifted its holdings in shares of Real Brokerage by 337.7% during the third quarter. Barclays PLC now owns 141,188 shares of the company's stock valued at $782,000 after purchasing an additional 108,928 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Real Brokerage by 106.6% during the third quarter. Harbor Capital Advisors Inc. now owns 595,055 shares of the company's stock valued at $3,303,000 after purchasing an additional 307,016 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Real Brokerage during the second quarter valued at $1,091,000. Finally, Franklin Resources Inc. acquired a new position in Real Brokerage during the third quarter valued at $138,000. 53.28% of the stock is owned by hedge funds and other institutional investors.
About Real Brokerage
(
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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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