Real Brokerage (NASDAQ:REAX) Trading Up 5.5% – Should You Buy?

Shares of The Real Brokerage Inc. (NASDAQ:REAX) shot up 5.5% during trading on Wednesday . The stock traded as high as $3.50 and last traded at $3.5990. 255,028 shares changed hands during trading, a decline of 81% from the average session volume of 1,331,653 shares. The stock had previously closed at $3.41.

Analysts Set New Price Targets

Several research analysts have issued reports on REAX shares. Jones Trading reaffirmed a “buy” rating and issued a $5.00 target price on shares of Real Brokerage in a report on Wednesday, November 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Real Brokerage in a research report on Wednesday, October 8th. Wall Street Zen cut Real Brokerage from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, B. Riley reiterated a “buy” rating and set a $8.00 target price (up from $7.00) on shares of Real Brokerage in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.50.

Real Brokerage Stock Up 7.0%

The stock has a market capitalization of $773.07 million, a PE ratio of -91.25 and a beta of 0.97. The firm’s fifty day moving average price is $3.82 and its two-hundred day moving average price is $4.19.

Hedge Funds Weigh In On Real Brokerage

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Real Brokerage by 37.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,833,629 shares of the company’s stock worth $7,665,000 after buying an additional 498,536 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in Real Brokerage in the third quarter valued at about $47,000. Jacobs Levy Equity Management Inc. lifted its holdings in Real Brokerage by 27.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,298,020 shares of the company’s stock valued at $5,426,000 after acquiring an additional 276,165 shares during the period. PharVision Advisers LLC purchased a new position in Real Brokerage in the third quarter worth about $249,000. Finally, XTX Topco Ltd grew its stake in shares of Real Brokerage by 48.3% during the 3rd quarter. XTX Topco Ltd now owns 329,844 shares of the company’s stock valued at $1,379,000 after purchasing an additional 107,375 shares during the period. 53.28% of the stock is owned by institutional investors.

About Real Brokerage

Real Brokerage Inc is a publicly traded, cloud-based residential real estate brokerage headquartered in Toronto, Canada, with operations across the United States and Canada. The company’s platform offers licensed real estate professionals a fully integrated suite of digital tools designed to streamline every phase of the property transaction process, from lead generation to closing.

Through its proprietary technology, Real Brokerage provides agents with transaction management, customer relationship management, digital marketing automation and real-time analytics in a single, user-friendly interface.