Real Brokerage (NASDAQ:REAX) Given "Buy" Rating at JonesTrading

Key Points

• JonesTrading reaffirmed a “Buy” rating on Real Brokerage and set a $40 price target, implying approximately 99% upside from the reported $20.07 share price.
• Analyst sentiment is broadly positive, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $50.00.
• Real Brokerage reported a quarterly loss of $0.30 per share on $700.58 million in revenue, while institutional investors—including Squarepoint Ops and Royal Bank of Canada—recently increased their positions; institutions own 53.28% of the stock.

Real Brokerage (NASDAQ:REAX - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at JonesTrading in a research note issued to investors on Friday, Benzinga reports. They presently have a $40.00 target price on the stock. JonesTrading's target price would suggest a potential upside of 99.35% from the company's current price.

A number of other research firms also recently issued reports on REAX. Wall Street Zen raised shares of Real Brokerage to a "hold" rating in a research note on Saturday, September 5th. Zacks Research upgraded shares of Real Brokerage from a "strong sell" rating to a "hold" rating in a research note on Monday. Weiss Ratings raised Real Brokerage from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday. Zelman & Associates upgraded shares of Real Brokerage to an "outperform" rating in a research report on Friday, August 7th. Finally, Edward Jones dropped their price objective on shares of Real Brokerage from $50.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $50.00.

Real Brokerage Stock Performance

REAX traded up $1.53 on Friday, hitting $20.07. 389,352 shares of the company were exchanged, compared to its average volume of 383,167. The firm has a fifty day simple moving average of $20.93 and a two-hundred day simple moving average of $21.43. The stock has a market capitalization of $437.22 million, a PE ratio of -28.69 and a beta of 0.79. Real Brokerage has a 12 month low of $15.50 and a 12 month high of $52.50.

Real Brokerage (NASDAQ:REAX - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported ($0.30) earnings per share for the quarter. Real Brokerage had a negative net margin of 0.72% and a negative return on equity of 25.32%. The company had revenue of $700.58 million during the quarter. On average, equities analysts expect that Real Brokerage will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Real Brokerage

Hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC raised its stake in Real Brokerage by 187.3% during the second quarter. Squarepoint Ops LLC now owns 629,469 shares of the company's stock valued at $1,146,000 after purchasing an additional 410,364 shares in the last quarter. Corient Private Wealth LP purchased a new stake in Real Brokerage in the second quarter worth $100,000. Bank of New York Mellon Corp bought a new stake in Real Brokerage during the 2nd quarter valued at about $680,000. Private Client Services LLC increased its holdings in Real Brokerage by 61.0% during the 2nd quarter. Private Client Services LLC now owns 36,754 shares of the company's stock worth $67,000 after purchasing an additional 13,926 shares during the period. Finally, Royal Bank of Canada increased its position in Real Brokerage by 126.1% during the 1st quarter. Royal Bank of Canada now owns 20,754 shares of the company's stock valued at $52,000 after purchasing an additional 11,573 shares during the period. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

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.

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