The Real Brokerage Inc. (NASDAQ:REAX) Given Consensus Recommendation of “Moderate Buy” by Analysts

The Real Brokerage Inc. (NASDAQ:REAX) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $5.75.

REAX has been the subject of several recent research reports. JonesTrading reaffirmed a “buy” rating and set a $5.00 price target on shares of Real Brokerage in a report on Wednesday, March 4th. William Blair restated an “outperform” rating on shares of Real Brokerage in a research 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. Freedom Capital raised shares of Real Brokerage to a “strong-buy” rating in a report on Friday, January 23rd. Finally, Zelman & Associates reiterated a “neutral” rating on shares of Real Brokerage in a research note on Thursday, March 5th.

Hedge Funds Weigh In On Real Brokerage

A number of large investors have recently made changes to their positions in REAX. Invesco Ltd. increased its stake in Real Brokerage by 88.3% in the 4th quarter. Invesco Ltd. now owns 86,661 shares of the company’s stock valued at $316,000 after purchasing an additional 40,635 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Real Brokerage in the 4th quarter valued at $128,000. XTX Topco Ltd lifted its position in Real Brokerage by 45.2% during the fourth quarter. XTX Topco Ltd now owns 478,972 shares of the company’s stock worth $1,748,000 after buying an additional 149,128 shares during the period. VARCOV Co. purchased a new stake in Real Brokerage in the fourth quarter valued at approximately $299,000. Finally, Ophir Asset Management Pty Ltd increased its holdings in shares of Real Brokerage by 24.9% during the 4th 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 last quarter. Hedge funds and other institutional investors own 53.28% of the company’s stock.

Real Brokerage Price Performance

REAX stock opened at $2.40 on Friday. The company has a fifty day moving average price of $2.87 and a 200 day moving average price of $3.62. Real Brokerage has a 12 month low of $2.31 and a 12 month high of $5.41. The company has a market cap of $508.32 million, a price-to-earnings ratio of -80.00 and a beta of 1.01.

Real Brokerage (NASDAQ:REAX) last posted its quarterly earnings data on Thursday, March 5th. The company reported ($0.02) EPS for the quarter, beating 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 firm had revenue of $505.14 million during the quarter, compared to the consensus estimate of $477.98 million. As a group, analysts anticipate that Real Brokerage will post -0.1 earnings per share for the current year.

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.