Real Brokerage (NASDAQ:REAX) Now Covered by Benchmark

Benchmark started coverage on shares of Real Brokerage (NASDAQ:REAX) in a research note released on Thursday, MarketBeat reports. The firm issued a buy rating and a $5.50 price target on the stock.

Several other research analysts have also commented on REAX. JonesTrading reiterated a “buy” rating and issued a $5.00 price target on shares of Real Brokerage in a research report on Wednesday, March 4th. Freedom Capital upgraded 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 note on Wednesday, March 4th. BTIG Research dropped their target price on Real Brokerage from $6.00 to $4.50 and set a “buy” rating for the company in a report on Wednesday, March 4th. Finally, Zelman & Associates reissued a “neutral” rating on shares of Real Brokerage in a research report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.75.

Real Brokerage Stock Up 0.8%

REAX stock opened at $2.41 on Thursday. Real Brokerage has a 52 week low of $2.31 and a 52 week high of $5.41. The firm has a market capitalization of $510.44 million, a P/E ratio of -80.33 and a beta of 1.01. The company has a fifty day simple moving average of $2.89 and a two-hundred day simple moving average of $3.65.

Real Brokerage (NASDAQ:REAX) last posted its earnings results 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 firm had revenue of $505.14 million for 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%. As a group, analysts anticipate that Real Brokerage will post -0.1 EPS for the current year.

Institutional Trading of Real Brokerage

Several institutional investors have recently added to or reduced their stakes in REAX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Real Brokerage by 6.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,673 shares of the company’s stock worth $246,000 after purchasing an additional 3,746 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Real Brokerage by 628.0% during the first quarter. NewEdge Advisors LLC now owns 75,089 shares of the company’s stock valued at $305,000 after buying an additional 64,775 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Real Brokerage by 568.3% during the first quarter. Jane Street Group LLC now owns 129,153 shares of the company’s stock valued at $524,000 after buying an additional 109,826 shares during the last quarter. Strs Ohio purchased a new stake in shares of Real Brokerage in the first quarter worth approximately $72,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Real Brokerage during the 2nd quarter worth approximately $47,000. Institutional investors own 53.28% of the company’s stock.

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.