Real Brokerage (NASDAQ:REAX) Upgraded at Benchmark

Benchmark upgraded shares of Real Brokerage (NASDAQ:REAX) to a strong-buy rating in a research note published on Wednesday,Zacks.com reports.

A number of other analysts have also recently weighed in on the company. Freedom Capital raised Real Brokerage to a “strong-buy” rating in a research report on Friday, January 23rd. JonesTrading reissued a “buy” rating and issued a $5.00 target price on shares of Real Brokerage in a report on Wednesday, March 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Real Brokerage in a research note on Thursday, January 22nd. William Blair reaffirmed an “outperform” rating on shares of Real Brokerage in a report on Wednesday, March 4th. Finally, Zelman & Associates reiterated a “neutral” rating on shares of Real Brokerage in a research report on Thursday, March 5th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5.75.

Real Brokerage Stock Performance

Shares of NASDAQ:REAX opened at $2.40 on Wednesday. The company has a 50-day simple moving average of $2.87 and a 200-day simple moving average of $3.63. Real Brokerage has a one year low of $2.31 and a one year high of $5.41. The stock has a market capitalization of $508.32 million, a price-to-earnings ratio of -80.00 and a beta of 1.01.

Real Brokerage (NASDAQ:REAX) last released its quarterly earnings results on Thursday, March 5th. The company reported ($0.02) earnings per share (EPS) 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 analyst estimates of $477.98 million. Real Brokerage had a negative return on equity of 17.37% and a negative net margin of 0.41%. As a group, research analysts forecast that Real Brokerage will post -0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Real Brokerage

A number of hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new position in Real Brokerage during the 3rd quarter worth approximately $25,000. Xponance LLC acquired a new stake in shares of Real Brokerage in the 4th quarter valued at approximately $38,000. Hudson Bay Capital Management LP acquired a new stake in shares of Real Brokerage in the 4th quarter valued at approximately $41,000. Lido Advisors LLC purchased a new stake in shares of Real Brokerage in the third quarter valued at approximately $42,000. Finally, Inscription Capital LLC purchased a new stake in shares of Real Brokerage in the third quarter valued at approximately $44,000. Institutional investors and hedge funds 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.