Real Brokerage (NASDAQ:REAX) Trading Down 4.1% - Should You Sell?

The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report) shares fell 4.1% during trading on Tuesday . The stock traded as low as $4.59 and last traded at $4.62. 553,590 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 777,813 shares. The stock had previously closed at $4.82.

Wall Street Analysts Forecast Growth

Separately, BTIG Research began coverage on Real Brokerage in a report on Wednesday, December 18th. They issued a "buy" rating and a $6.00 target price on the stock.

Real Brokerage Price Performance

The company's 50-day simple moving average is $5.22 and its two-hundred day simple moving average is $5.34. The firm has a market capitalization of $909.67 million, a P/E ratio of -25.55 and a beta of 0.95.

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 the consensus estimate of ($0.04) by $0.03. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. The company had revenue of $372.49 million for the quarter, compared to the consensus estimate of $334.61 million. During the same period in the previous year, the business earned ($0.02) earnings per share. Analysts predict that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

Institutional Investors Weigh In On Real Brokerage

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. National Bank of Canada FI boosted its position in shares of Real Brokerage by 198.8% in the second quarter. National Bank of Canada FI now owns 5,975 shares of the company's stock worth $26,000 after purchasing an additional 3,975 shares during the period. Wolverine Trading LLC bought a new position in Real Brokerage in the 3rd quarter worth $56,000. Principal Financial Group Inc. bought a new position in Real Brokerage in the 2nd quarter worth $52,000. Intech Investment Management LLC purchased a new stake in Real Brokerage in the 3rd quarter worth $98,000. Finally, Virtus Investment Advisers Inc. bought a new stake in Real Brokerage during the third quarter valued at about $117,000. 53.28% of the stock is owned by hedge funds and other institutional investors.

About Real Brokerage

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.