Real Brokerage’s (REAX) “Neutral” Rating Reiterated at Zelman & Associates

Zelman & Associates reissued their neutral rating on shares of Real Brokerage (NASDAQ:REAX) in a report issued on Thursday morning,Benzinga reports.

A number of other equities analysts have also recently weighed in on the company. JonesTrading reiterated a “buy” rating and set a $5.00 price target on shares of Real Brokerage in a report on Wednesday. BTIG Research reduced their price objective on shares of Real Brokerage from $6.00 to $4.50 and set a “buy” rating on the stock in a report on Wednesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Real Brokerage in a research report on Thursday, January 22nd. Freedom Capital raised shares of Real Brokerage to a “strong-buy” rating in a research note on Friday, January 23rd. Finally, William Blair reiterated an “outperform” rating on shares of Real Brokerage in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.83.

Real Brokerage Stock Performance

REAX opened at $2.53 on Thursday. The stock has a market capitalization of $535.85 million, a PE ratio of -84.33 and a beta of 1.01. Real Brokerage has a one year low of $2.44 and a one year high of $5.41. The business’s 50 day moving average price is $3.28 and its 200 day moving average price is $3.90.

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

Institutional Investors Weigh In On Real Brokerage

Several institutional investors and hedge funds have recently modified their holdings of REAX. Farther Finance Advisors LLC acquired a new position in Real Brokerage during the 3rd quarter worth about $25,000. Lido Advisors LLC acquired a new position in Real Brokerage in the 3rd quarter valued at about $42,000. Xponance LLC purchased a new stake in Real Brokerage during the fourth quarter worth about $38,000. Envestnet Asset Management Inc. purchased a new stake in Real Brokerage during the second quarter worth about $47,000. Finally, Inscription Capital LLC acquired a new stake in shares of Real Brokerage during the third quarter worth about $44,000. Hedge funds and other 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.