Real REMAX Group Inc (REAX) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts maintain a moderately bullish view: Twelve firms rate REAX a consensus “Moderate Buy,” with eight buys and two strong buys. The average 12-month price target is $47.14, though some firms recently lowered or adjusted their ratings.
• Institutional ownership is significant and rising: Institutional investors and hedge funds own 53.28% of the company, with several funds increasing their positions. Major shareholder David L. Liniger sold about $1.01 million in shares, reducing his stake by 0.95%.
• Shares face substantial operating and market pressure: REAX opened at $13.60, near its $13.25 one-year low and well below its $45 high. The company reported a quarterly loss of $0.30 per share, negative margins and return on equity, while analysts expect a full-year loss of $0.45 per share.

Shares of Real REMAX Group Inc (NASDAQ:REAX - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twelve research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, eight have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $47.14.

A number of research firms have recently commented on REAX. Edward Jones dropped their price objective on Real REMAX Group from $50.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Citigroup started coverage on Real REMAX Group in a research report on Wednesday. They set a "market outperform" rating for the company. JonesTrading restated a "buy" rating and set a $40.00 target price on shares of Real REMAX Group in a research note on Tuesday, September 22nd. Wall Street Zen upgraded Real REMAX Group to a "hold" rating in a research note on Saturday, September 5th. Finally, Zacks Research raised Real REMAX Group from a "strong sell" rating to a "hold" rating in a report on Monday, September 7th.

Insider Buying and Selling

In other news, major shareholder David L. Liniger sold 52,876 shares of the company's 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 completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 38.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Real REMAX Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. grew its position in Real REMAX Group by 9.3% in the 1st quarter. Meeder Asset Management Inc. now owns 31,707 shares of the company's stock worth $183,000 after purchasing an additional 2,700 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Real REMAX Group by 19.9% during the 1st quarter. SG Americas Securities LLC now owns 18,244 shares of the company's stock worth $105,000 after purchasing an additional 3,032 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Real REMAX Group by 28.5% during the first quarter. Public Employees Retirement System of Ohio now owns 14,434 shares of the company's stock valued at $83,000 after buying an additional 3,200 shares during the last quarter. Engineers Gate Manager LP raised its position in shares of Real REMAX Group by 29.3% during the second quarter. Engineers Gate Manager LP now owns 15,595 shares of the company's stock valued at $154,000 after buying an additional 3,530 shares during the last quarter. Finally, State of Wyoming raised its position in shares of Real REMAX Group by 5.8% during the first quarter. State of Wyoming now owns 125,939 shares of the company's stock valued at $315,000 after buying an additional 6,950 shares during the last quarter. Institutional investors and hedge funds own 53.28% of the company's stock.

Real REMAX Group Price Performance

Shares of REAX opened at $13.60 on Thursday. The company has a market capitalization of $296.34 million, a PE ratio of -19.43 and a beta of 0.80. Real REMAX Group has a one year low of $13.25 and a one year high of $45.00. The company's fifty day moving average price is $19.66 and its 200 day moving average price is $19.99.

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

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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