Real Brokerage (NASDAQ:REAX) Receives “Buy” Rating from Jonestrading

Jonestrading reiterated their buy rating on shares of Real Brokerage (NASDAQ:REAX) in a report issued on Monday morning, Benzinga reports. They currently have a $4.00 price target on the stock.

Separately, Roth Mkm raised their price objective on shares of Real Brokerage from $2.75 to $3.50 and gave the company a buy rating in a research note on Thursday, January 18th.

Real Brokerage Trading Up 3.7 %

REAX opened at $4.24 on Monday. The business’s 50 day moving average is $3.06 and its 200-day moving average is $2.14. The stock has a market cap of $762.87 million, a PE ratio of -28.27 and a beta of 1.15. Real Brokerage has a twelve month low of $1.09 and a twelve month high of $4.29.

Real Brokerage (NASDAQ:REAX) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). Real Brokerage had a negative net margin of 3.99% and a negative return on equity of 105.23%. The company had revenue of $181.34 million for the quarter, compared to analyst estimates of $161.37 million. As a group, analysts forecast that Real Brokerage will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in REAX. NewEdge Wealth LLC acquired a new position in Real Brokerage in the fourth quarter worth approximately $448,000. HBK Sorce Advisory LLC purchased a new position in Real Brokerage during the 1st quarter worth approximately $105,000. First Manhattan CO. LLC. grew its position in Real Brokerage by 56.0% during the 1st quarter. First Manhattan CO. LLC. now owns 100,252 shares of the company’s stock worth $121,000 after purchasing an additional 36,000 shares in the last quarter. Millennium Management LLC grew its position in Real Brokerage by 64.0% during the 2nd quarter. Millennium Management LLC now owns 71,383 shares of the company’s stock worth $109,000 after purchasing an additional 27,861 shares in the last quarter. Finally, LPL Financial LLC purchased a new position in Real Brokerage during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 53.28% of the company’s stock.

About Real Brokerage

The Real Brokerage Inc, together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It operates in three segments: North American Brokerage, Real Title, and One Real Mortgage. It offers brokerage, title, and mortgage broker services. The company is based in Miami, Florida.