Real Brokerage (NASDAQ:REAX) Shares Gap Up to $4.19

The Real Brokerage Inc. (NASDAQ:REAX)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $4.19, but opened at $4.39. Real Brokerage shares last traded at $4.07, with a volume of 77,977 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on REAX. Roth Mkm increased their price objective on shares of Real Brokerage from $2.75 to $3.50 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Jonestrading reiterated a “buy” rating and set a $4.00 price objective on shares of Real Brokerage in a research note on Monday, April 8th.

Real Brokerage Stock Performance

The business’s 50 day simple moving average is $3.17 and its 200-day simple moving average is $2.20.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). Real Brokerage had a negative return on equity of 105.23% and a negative net margin of 3.99%. The firm had revenue of $181.34 million for the quarter, compared to analyst estimates of $161.37 million. Equities analysts predict that The Real Brokerage Inc. will post -0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Real Brokerage

A number of hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC boosted its stake in shares of Real Brokerage by 33.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 20,000 shares of the company’s stock valued at $32,000 after purchasing an additional 5,000 shares in the last quarter. NewEdge Wealth LLC acquired a new stake in shares of Real Brokerage in the 4th quarter valued at approximately $448,000. Wells Fargo & Company MN boosted its stake in shares of Real Brokerage by 58.3% in the 2nd quarter. Wells Fargo & Company MN now owns 19,000 shares of the company’s stock valued at $36,000 after purchasing an additional 7,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Real Brokerage by 19.6% in the 2nd quarter. Geode Capital Management LLC now owns 52,118 shares of the company’s stock valued at $99,000 after purchasing an additional 8,527 shares in the last quarter. Finally, First Manhattan CO. LLC. raised its holdings in Real Brokerage by 56.0% in the 1st quarter. First Manhattan CO. LLC. now owns 100,252 shares of the company’s stock valued at $121,000 after buying an additional 36,000 shares during the last quarter. 53.28% of the stock is currently owned by institutional investors and hedge funds.

Real Brokerage Company Profile

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.