Real Brokerage (NASDAQ:REAX) Shares Down 5.4% - Time to Sell?

The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report)'s share price was down 5.4% on Tuesday . The company traded as low as $4.16 and last traded at $4.20. Approximately 509,356 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 835,893 shares. The stock had previously closed at $4.44.

Analysts Set New Price Targets

Separately, BTIG Research began coverage on shares of Real Brokerage in a report on Wednesday, December 18th. They set a "buy" rating and a $6.00 price objective for the company.

Real Brokerage Stock Down 4.5 %

The firm has a 50-day moving average price of $5.15 and a two-hundred day moving average price of $5.36. The company has a market capitalization of $838.48 million, a P/E ratio of -23.55 and a beta of 1.00.

Real Brokerage (NASDAQ:REAX - Get Free Report) last issued its quarterly 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. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. The firm had revenue of $372.49 million during the quarter, compared to the consensus estimate of $334.61 million. During the same period in the prior year, the firm earned ($0.02) EPS. On average, analysts predict that The Real Brokerage Inc. will post -0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Real Brokerage

A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Real Brokerage by 48.0% in the 3rd quarter. State Street Corp now owns 1,364,358 shares of the company's stock worth $7,572,000 after acquiring an additional 442,612 shares during the period. Geode Capital Management LLC raised its stake in shares of Real Brokerage by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,224,183 shares of the company's stock valued at $6,794,000 after purchasing an additional 14,045 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Real Brokerage by 607.9% in the third quarter. JPMorgan Chase & Co. now owns 631,916 shares of the company's stock worth $3,507,000 after purchasing an additional 542,653 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Real Brokerage by 106.6% during the third quarter. Harbor Capital Advisors Inc. now owns 595,055 shares of the company's stock worth $3,303,000 after buying an additional 307,016 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Real Brokerage by 30.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 294,284 shares of the company's stock worth $1,633,000 after buying an additional 69,343 shares in the last quarter. 53.28% of the stock is owned by institutional investors and hedge funds.

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.