The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report) shares traded up 4.7% during mid-day trading on Tuesday . The company traded as high as $4.68 and last traded at $4.67. 408,055 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 884,600 shares. The stock had previously closed at $4.46.
Analyst Upgrades and Downgrades
Separately, Jones Trading reaffirmed a "buy" rating and set a $6.00 target price on shares of Real Brokerage in a research note on Thursday, March 6th.
Read Our Latest Report on Real Brokerage
Real Brokerage Stock Up 1.1 %
The business has a 50-day simple moving average of $4.65 and a 200-day simple moving average of $4.93. The company has a market cap of $923.51 million, a PE ratio of -25.94 and a beta of 1.13.
Real Brokerage (NASDAQ:REAX - Get Free Report) last announced its quarterly 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 firm had revenue of $350.63 million during the quarter, compared to the consensus estimate of $300.11 million. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. As a group, equities research analysts predict that The Real Brokerage Inc. will post -0.1 EPS for the current fiscal year.
Hedge Funds Weigh In On Real Brokerage
Several hedge funds have recently made changes to their positions in REAX. Aquatic Capital Management LLC purchased a new position in Real Brokerage during the 4th quarter worth approximately $25,000. Golden State Wealth Management LLC purchased a new stake in Real Brokerage in the 4th quarter valued at $28,000. Sound Income Strategies LLC acquired a new stake in Real Brokerage during the 4th quarter worth $47,000. Oxford Asset Management LLP purchased a new position in Real Brokerage during the 4th quarter worth $49,000. Finally, Corton Capital Inc. acquired a new position in Real Brokerage in the fourth quarter valued at $51,000. Hedge funds and other institutional investors own 53.28% of the company's stock.
Real Brokerage Company Profile
(
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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