Real Brokerage (NASDAQ:REAX) Rating Increased to Hold at Zacks Research

Key Points

• Zacks Research upgraded Real Brokerage from “strong sell” to “hold,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $50.
• Real Brokerage shares opened at $20.69, well below their 52-week high of $52.50; the company reported a quarterly loss of $0.30 per share on $700.58 million in revenue.
• Institutional investors own 53.28% of the stock, with several funds—including Squarepoint Ops and Royal Bank of Canada—recently increasing their holdings.

Real Brokerage (NASDAQ:REAX - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Monday, Zacks reports.

Several other equities analysts have also commented on the company. Wall Street Zen upgraded Real Brokerage to a "hold" rating in a research note on Saturday. BTIG Research restated a "buy" rating and issued a $35.00 price target (up from $4.25) on shares of Real Brokerage in a report on Thursday, August 27th. Edward Jones cut their price objective on shares of Real Brokerage from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. 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. Finally, Zelman & Associates upgraded shares of Real Brokerage to an "outperform" rating in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $50.00.

Real Brokerage Stock Performance

Shares of NASDAQ REAX opened at $20.69 on Monday. Real Brokerage has a 52-week low of $15.50 and a 52-week high of $52.50. The firm has a market capitalization of $450.92 million, a price-to-earnings ratio of -29.56 and a beta of 0.79. The stock has a 50 day moving average price of $20.98 and a 200 day moving average price of $21.53.

Real Brokerage (NASDAQ:REAX - Get Free Report) last released its quarterly earnings data 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 for the quarter. Analysts forecast that Real Brokerage will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Real Brokerage

A number of institutional investors and hedge funds have recently modified their holdings of REAX. Squarepoint Ops LLC increased its holdings in Real Brokerage by 187.3% in the 2nd quarter. Squarepoint Ops LLC now owns 629,469 shares of the company's stock worth $1,146,000 after buying an additional 410,364 shares during the period. Corient Private Wealth LP acquired a new stake in Real Brokerage during the 2nd quarter valued at approximately $100,000. Bank of New York Mellon Corp acquired a new stake in Real Brokerage during the 2nd quarter valued at approximately $680,000. Private Client Services LLC boosted its holdings in shares of Real Brokerage by 61.0% in the 2nd quarter. Private Client Services LLC now owns 36,754 shares of the company's stock valued at $67,000 after acquiring an additional 13,926 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Real Brokerage by 126.1% in the 1st quarter. Royal Bank of Canada now owns 20,754 shares of the company's stock valued at $52,000 after acquiring an additional 11,573 shares during the last quarter. 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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