Real Brokerage (NASDAQ:REAX) Raised to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Real Brokerage to “hold,” while analyst opinions remain mixed. MarketBeat reports a consensus “Moderate Buy” rating and an average price target of $50.00.
• Real Brokerage shares opened at $18.67, with a market capitalization of about $406.8 million and a 52-week range of $15.50 to $54.05.
• The company reported a quarterly loss of $0.30 per share on $700.58 million in revenue; analysts expect a full-year loss of $0.45 per share. Institutional investors and hedge funds own 53.28% of the stock.

Real Brokerage (NASDAQ:REAX - Get Free Report) was upgraded by equities research analysts at Wall Street Zen to a "hold" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other analysts have also issued reports about the stock. Weiss Ratings lowered shares of Real Brokerage from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Tuesday, August 25th. Zelman & Associates raised Real Brokerage to an "outperform" rating in a report on Friday, August 7th. Zacks Research downgraded Real Brokerage from a "hold" rating to a "strong sell" rating in a research report on Friday, August 7th. B. Riley Financial reaffirmed a "buy" rating on shares of Real Brokerage in a research note on Friday, May 8th. Finally, Edward Jones lowered their price target on Real Brokerage from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Real Brokerage presently has a consensus rating of "Moderate Buy" and an average price target of $50.00.

Real Brokerage Stock Up 1.5%

Real Brokerage stock opened at $18.67 on Friday. The firm has a 50-day moving average price of $20.93 and a two-hundred day moving average price of $21.66. The firm has a market capitalization of $406.82 million, a price-to-earnings ratio of -26.67 and a beta of 0.79. Real Brokerage has a 52-week low of $15.50 and a 52-week high of $54.05.

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

Institutional Trading of Real Brokerage

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Real Brokerage by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,673 shares of the company's stock worth $246,000 after buying an additional 3,746 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Real Brokerage by 628.0% in the first quarter. NewEdge Advisors LLC now owns 75,089 shares of the company's stock valued at $305,000 after buying an additional 64,775 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Real Brokerage by 568.3% during the 1st quarter. Jane Street Group LLC now owns 129,153 shares of the company's stock valued at $524,000 after acquiring an additional 109,826 shares during the last quarter. Strs Ohio acquired a new stake in shares of Real Brokerage during the 1st quarter valued at $72,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Real Brokerage during the 2nd quarter worth $47,000. 53.28% of the stock is owned by institutional investors and hedge funds.

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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