Real Brokerage (NASDAQ:REAX) Hits New 1-Year Low – Here’s What Happened

The Real Brokerage Inc. (NASDAQ:REAX)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $2.31 and last traded at $2.3750, with a volume of 268018 shares. The stock had previously closed at $2.40.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Freedom Capital raised shares of Real Brokerage to a “strong-buy” rating in a research report on Friday, January 23rd. William Blair reaffirmed an “outperform” rating on shares of Real Brokerage in a research report on Wednesday, March 4th. BTIG Research lowered their target price on shares of Real Brokerage from $6.00 to $4.50 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Real Brokerage in a report on Thursday, January 22nd. Finally, Zelman & Associates restated a “neutral” rating on shares of Real Brokerage in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $5.83.

Real Brokerage Stock Down 1.7%

The stock has a market capitalization of $499.85 million, a price-to-earnings ratio of -78.67 and a beta of 1.01. The stock has a fifty day moving average of $3.02 and a 200-day moving average of $3.72.

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

Institutional Investors Weigh In On Real Brokerage

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC purchased a new position in shares of Real Brokerage during the third quarter worth about $25,000. Xponance LLC acquired a new stake in shares of Real Brokerage during the fourth quarter worth about $38,000. Hudson Bay Capital Management LP purchased a new stake in shares of Real Brokerage in the 4th quarter valued at about $41,000. Lido Advisors LLC purchased a new stake in shares of Real Brokerage in the 3rd quarter valued at about $42,000. Finally, Inscription Capital LLC acquired a new stake in shares of Real Brokerage in the 3rd quarter valued at about $44,000. 53.28% of the stock is owned by hedge funds and other 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.