Real Brokerage (NASDAQ:REAX) Stock Price Up 4%

Shares of The Real Brokerage Inc. (NASDAQ:REAXGet Free Report) rose 4% on Thursday . The stock traded as high as $4.74 and last traded at $4.71. Approximately 55,055 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 603,484 shares. The stock had previously closed at $4.53.

Analyst Upgrades and Downgrades

Separately, Jonestrading reiterated a “buy” rating and issued a $4.00 target price on shares of Real Brokerage in a report on Monday, April 8th.

View Our Latest Stock Analysis on REAX

Real Brokerage Stock Performance

The business has a 50 day moving average of $4.27 and a two-hundred day moving average of $3.01.

Real Brokerage (NASDAQ:REAXGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.04) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.04). The firm had revenue of $200.74 million during the quarter, compared to analysts’ expectations of $170.78 million. Real Brokerage had a negative return on equity of 98.38% and a negative net margin of 4.63%. As a group, analysts anticipate that The Real Brokerage Inc. will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in REAX. AWM Investment Company Inc. increased its position in Real Brokerage by 240.6% during the 1st quarter. AWM Investment Company Inc. now owns 1,703,228 shares of the company’s stock valued at $5,314,000 after buying an additional 1,203,228 shares in the last quarter. NewEdge Wealth LLC acquired a new position in Real Brokerage during the 4th quarter valued at about $448,000. Quadrature Capital Ltd acquired a new position in Real Brokerage during the 1st quarter valued at about $263,000. TCI Wealth Advisors Inc. acquired a new position in Real Brokerage during the 1st quarter valued at about $49,000. Finally, Searcy Financial Services Inc. ADV acquired a new position in Real Brokerage during the 1st quarter valued at about $37,000. 53.28% of the stock is owned by institutional investors and hedge funds.

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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