JonesTrading Issues Positive Forecast for Real Brokerage (NASDAQ:REAX) Stock Price

Key Points

• JonesTrading raised Real Brokerage’s price target tenfold, from $4 to $40, while maintaining a “buy” rating and implying 40.7% upside from the prior close.
• Analyst sentiment is broadly positive: Real Brokerage has a consensus “Moderate Buy” rating and a consensus price target of $51.50, although two analysts maintain sell ratings.
• The stock jumped 18.5% to $28.43 on heavy trading volume, while the company continues to report losses, including quarterly EPS of -$3.00 and a negative net margin.

Real Brokerage (NASDAQ:REAX - Get Free Report) had its target price upped by equities research analysts at JonesTrading from $4.00 to $40.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. JonesTrading's target price indicates a potential upside of 40.70% from the company's previous close.

A number of other research analysts have also weighed in on the stock. BTIG Research reaffirmed a "buy" rating and issued a $42.50 price target on shares of Real Brokerage in a research note on Monday, April 27th. Edward Jones reduced their target price on Real Brokerage from $50.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Zelman & Associates upgraded Real Brokerage to an "outperform" rating in a research report on Friday, August 7th. B. Riley Financial reiterated a "buy" rating on shares of Real Brokerage in a research report on Friday, May 8th. Finally, Weiss Ratings raised Real Brokerage from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Real Brokerage currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.50.

Real Brokerage Trading Up 18.5%

NASDAQ:REAX traded up $4.43 during trading hours on Tuesday, reaching $28.43. 2,045,850 shares of the company were exchanged, compared to its average volume of 334,296. The stock's 50-day moving average is $2.03 and its 200-day moving average is $2.22. The firm has a market cap of $6.20 billion, a PE ratio of -406.14 and a beta of 0.78. Real Brokerage has a twelve month low of $15.50 and a twelve month high of $54.05.

Real Brokerage (NASDAQ:REAX - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The company reported ($3.00) earnings per share (EPS) for the quarter. The company had revenue of $700.58 million for the quarter. Real Brokerage had a negative net margin of 0.72% and a negative return on equity of 25.32%. As a group, research analysts anticipate that Real Brokerage will post -0.05 EPS for the current year.

Institutional Investors Weigh In On Real Brokerage

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. acquired a new position in Real Brokerage during the first quarter worth $29,000. Abel Hall LLC acquired a new stake in shares of Real Brokerage in the 1st quarter worth $31,000. SmartHarvest Portfolios LLC purchased a new position in shares of Real Brokerage during the 1st quarter worth $38,000. Xponance LLC acquired a new position in shares of Real Brokerage during the 4th quarter valued at about $38,000. Finally, Hudson Bay Capital Management LP acquired a new position in shares of Real Brokerage during the 4th quarter valued at about $41,000. 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.

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