Real Brokerage's (REAX) "Buy" Rating Reaffirmed at JonesTrading

Key Points

• JonesTrading reaffirmed a “Buy” rating on Real Brokerage and set a $40 price target, implying 132.42% upside from the stock’s stated $17.21 price.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $50.00, despite some firms assigning Hold or Sell ratings.
• Real Brokerage reported a quarterly loss of $0.30 per share on $700.58 million in revenue, while insiders own 38.21% and institutional investors hold 53.28% of the company.

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 Tuesday, Benzinga reports. They presently have a $40.00 price objective on the stock. JonesTrading's target price would suggest a potential upside of 132.42% from the stock's current price.

Several other research firms also recently weighed in on REAX. Wall Street Zen upgraded Real Brokerage to a "hold" rating in a research report on Saturday, September 5th. Edward Jones decreased their price objective on Real Brokerage from $50.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Weiss Ratings raised Real Brokerage from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, September 8th. BTIG Research reiterated a "buy" rating and set a $35.00 price objective (up from $4.25) on shares of Real Brokerage in a research note on Thursday, August 27th. Finally, Zacks Research raised shares of Real Brokerage from a "strong sell" rating to a "hold" rating in a report on Monday, September 7th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $50.00.

Real Brokerage Trading Up 4.1%

Shares of REAX stock opened at $17.21 on Tuesday. Real Brokerage has a 12 month low of $15.50 and a 12 month high of $51.60. The stock has a market cap of $375.01 million, a P/E ratio of -24.59 and a beta of 0.79. The company has a 50 day simple moving average of $20.51 and a two-hundred day simple moving average of $21.03.

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

Insider Transactions at Real Brokerage

In related news, major shareholder David L. Liniger sold 52,876 shares of Real Brokerage stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $19.12, for a total transaction of $1,010,989.12. Following the sale, the insider owned 5,539,905 shares of the company's stock, valued at approximately $105,922,983.60. This trade represents a 0.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 38.21% of the company's stock.

Institutional Investors Weigh In On Real Brokerage

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp purchased a new position in Real Brokerage during the second quarter valued at $680,000. Squarepoint Ops LLC lifted its stake 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 purchasing an additional 410,364 shares in the last quarter. Corient Private Wealth LP purchased a new stake in Real Brokerage in the 2nd quarter worth $100,000. Private Client Services LLC boosted its holdings in shares of Real Brokerage by 61.0% during the 2nd quarter. Private Client Services LLC now owns 36,754 shares of the company's stock valued at $67,000 after purchasing 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% 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 last quarter. Institutional investors own 53.28% of the company's stock.

About Real Brokerage

Real Brokerage Inc is a technology-powered residential real estate brokerage that operates through a cloud-based platform. The company provides real estate agents with tools and services for managing transactions, client relationships, marketing, education, and other aspects of their businesses.

Real's platform is designed to support independent agents and teams while reducing the need for traditional physical office locations. Its business model combines brokerage services with technology, agent education, collaboration tools, and programs intended to promote agent retention and growth.

Founded in 2014, Real serves real estate professionals in the United States and Canada.

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