Real Brokerage (NASDAQ:REAX) Upgraded by Zacks Investment Research to Hold

Real Brokerage (NASDAQ:REAX – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday, Zacks.com reports.

According to Zacks, “The Real Brokerage Inc. is a technology-powered real estate brokerage operating. It creates financial opportunities for agents through better commission splits, best-in-class technology, revenue sharing and equity incentives. The Real Brokerage Inc. is based in NEW YORK. “

NASDAQ REAX opened at $1.81 on Friday. Real Brokerage has a 12 month low of $1.50 and a 12 month high of $4.35. The stock’s fifty day moving average price is $2.20 and its 200-day moving average price is $2.70.

Real Brokerage (NASDAQ:REAX – Get Rating) last released its quarterly earnings data on Friday, March 18th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The business had revenue of $50.48 million for the quarter, compared to analysts’ expectations of $34.98 million. As a group, equities analysts anticipate that Real Brokerage will post -0.07 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its position in shares of Real Brokerage by 657.2% during the third quarter. Royal Bank of Canada now owns 16,500 shares of the company’s stock valued at $31,000 after buying an additional 14,321 shares during the last quarter. LPL Financial LLC purchased a new stake in shares of Real Brokerage during the fourth quarter valued at $66,000. Millennium Management LLC purchased a new stake in shares of Real Brokerage during the fourth quarter valued at $67,000. Marshall Wace LLP bought a new position in Real Brokerage in the fourth quarter valued at about $73,000. Finally, Virtu Financial LLC bought a new position in Real Brokerage in the fourth quarter valued at about $79,000. 21.37% of the stock is currently owned by institutional investors.

About Real Brokerage (Get Rating)

The Real Brokerage Inc, together with its subsidiaries, operates as a technology-powered real estate brokerage company. It provides brokerage services for the real estate market through a network of agents. The company offers agents a mobile-focused tech platform to run its business, as well as business terms and wealth-building opportunities.

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