Brokerages Set The Real Brokerage Inc. (NASDAQ:REAX) PT at $6.50

The Real Brokerage Inc. (NASDAQ:REAX) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $5.8333.

Several brokerages have recently commented on REAX. Zelman & Associates reaffirmed a “neutral” rating on shares of Real Brokerage in a report on Thursday. BTIG Research reduced their price objective on Real Brokerage from $6.00 to $4.50 and set a “buy” rating on the stock in a research note on Wednesday. William Blair reiterated an “outperform” rating on shares of Real Brokerage in a research report on Wednesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Real Brokerage in a research note on Thursday, January 22nd. Finally, JonesTrading reissued a “buy” rating and issued a $5.00 target price on shares of Real Brokerage in a report on Wednesday.

Real Brokerage Price Performance

REAX stock opened at $2.53 on Wednesday. The stock has a market cap of $535.85 million, a price-to-earnings ratio of -84.33 and a beta of 1.01. The company has a fifty day moving average price of $3.28 and a two-hundred day moving average price of $3.90. Real Brokerage has a one year low of $2.44 and a one year high of $5.41.

Real Brokerage (NASDAQ:REAX) last released its quarterly earnings results on Wednesday, March 4th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $505.14 million during the quarter, compared to the consensus estimate of $477.98 million. Real Brokerage had a negative net margin of 0.41% and a negative return on equity of 17.37%. Research analysts anticipate that Real Brokerage will post -0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Invesco Ltd. raised its holdings in Real Brokerage by 88.3% during the 4th quarter. Invesco Ltd. now owns 86,661 shares of the company’s stock worth $316,000 after purchasing an additional 40,635 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Real Brokerage in the 4th quarter valued at $128,000. XTX Topco Ltd boosted its stake in shares of Real Brokerage by 45.2% in the 4th quarter. XTX Topco Ltd now owns 478,972 shares of the company’s stock valued at $1,748,000 after purchasing an additional 149,128 shares during the last quarter. VARCOV Co. acquired a new stake in shares of Real Brokerage during the fourth quarter worth $299,000. Finally, Ophir Asset Management Pty Ltd increased its position in shares of Real Brokerage by 24.9% during the fourth quarter. Ophir Asset Management Pty Ltd now owns 3,952,949 shares of the company’s stock worth $14,428,000 after buying an additional 787,330 shares during the period. Institutional investors own 53.28% of the company’s stock.

Real Brokerage Company Profile

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.