Real REMAX Group (NASDAQ:REAX) Stock Rating Cut to Strong Sell at Wall Street Zen

Real REMAX Group (NASDAQ:REAX - Get Free Report) was downgraded by analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a note issued to investors on Sunday, Wall Street Zen reports.

A number of other equities analysts have also commented on REAX. Zelman & Associates lowered shares of Real REMAX Group from an "outperform" rating to a "neutral" rating in a report on Wednesday, October 21st. Weiss Ratings raised shares of Real REMAX Group from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, September 8th. BTIG Research dropped their price objective on shares of Real REMAX Group from $35.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, November 5th. Citigroup started coverage on shares of Real REMAX Group in a research report on Wednesday, October 14th. They issued a "market outperform" rating for the company. Finally, Zacks Research raised Real REMAX Group from a "strong sell" rating to a "hold" rating in a research note on Monday, September 7th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.62.

Real REMAX Group Stock Performance

REAX traded up $0.01 during trading hours on Friday, hitting $10.70. The stock had a trading volume of 800,904 shares, compared to its average volume of 769,111. Real REMAX Group has a 1 year low of $10.35 and a 1 year high of $45.00. The company's fifty day simple moving average is $15.90 and its 200 day simple moving average is $20.89. The stock has a market cap of $405.96 million, a PE ratio of -3.63 and a beta of 0.83. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 1.24.

Insider Activity at Real REMAX Group

In related news, major shareholder David L. Liniger sold 52,876 shares of Real REMAX Group 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 directly owned 5,539,905 shares in the company, valued at $105,922,983.60. The trade was a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 38.21% of the company's stock.

Institutional Investors Weigh In On Real REMAX Group

A number of institutional investors have recently modified their holdings of the stock. Allworth Financial LP boosted its position in shares of Real REMAX Group by 121.8% during the third quarter. Allworth Financial LP now owns 5,305 shares of the company's stock valued at $87,000 after buying an additional 2,913 shares during the last quarter. Principal Financial Group Inc. purchased a new position in Real REMAX Group in the 1st quarter worth about $29,000. Public Employees Retirement System of Ohio lifted its stake in Real REMAX Group by 28.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 14,434 shares of the company's stock valued at $83,000 after acquiring an additional 3,200 shares during the period. Engineers Gate Manager LP lifted its stake in Real REMAX Group by 29.3% during the 2nd quarter. Engineers Gate Manager LP now owns 15,595 shares of the company's stock valued at $154,000 after acquiring an additional 3,530 shares during the period. Finally, Lazard Asset Management LLC bought a new position in Real REMAX Group during the 1st quarter valued at about $95,000. 53.28% of the stock is owned by hedge funds and other institutional investors.

About Real REMAX Group

Real Brokerage Inc. is a technology-powered residential real estate brokerage serving real estate agents and their clients in the United States and Canada. The company operates through a cloud-based model that enables agents to manage their businesses remotely while providing brokerage services for home buyers and sellers. Real’s platform is designed to support key aspects of the real estate transaction process, including lead management, transaction coordination, document management, communication and collaboration.

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