The Real Brokerage Inc. (NASDAQ:REAX) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts rate Real Brokerage “Moderate Buy.” Six analysts recommend buying the stock, two rate it a strong buy, while one rates it a hold and one a sell; the average 12-month price target is $50.
• Institutional ownership remains significant, with hedge funds and other institutional investors holding 53.28% of the company. Several firms recently initiated or increased positions, including Royal Bank of Canada, which raised its stake by 126.1%.
• Shares opened at $16.53, near the company’s 52-week low of $15.50 and well below its high of $51.60. Real Brokerage reported a quarterly loss of $0.30 per share and generated $700.58 million in revenue, while analysts expect a full-year loss of $0.45 per share.

Shares of The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $50.00.

A number of analysts have commented on REAX shares. Weiss Ratings raised shares of Real Brokerage from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, September 8th. Zelman & Associates upgraded Real Brokerage to an "outperform" rating in a research report on Friday, August 7th. JonesTrading reissued a "buy" rating and issued a $40.00 price target on shares of Real Brokerage in a research note on Friday, September 11th. Edward Jones dropped their target price 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. Finally, Zacks Research upgraded Real Brokerage from a "strong sell" rating to a "hold" rating in a research note on Monday, September 7th.

Hedge Funds Weigh In On Real Brokerage

A number of hedge funds have recently bought and sold shares of REAX. Principal Financial Group Inc. purchased a new stake in Real Brokerage in the 1st quarter valued at about $29,000. Abel Hall LLC bought a new stake in shares of Real Brokerage in the 1st quarter worth approximately $31,000. SmartHarvest Portfolios LLC purchased a new stake in Real Brokerage in the first quarter worth $38,000. Royal Bank of Canada grew its stake 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 worth $52,000 after acquiring an additional 11,573 shares during the period. Finally, MQS Management LLC lifted its holdings in Real Brokerage by 36.7% during the fourth quarter. MQS Management LLC now owns 23,912 shares of the company's stock valued at $87,000 after purchasing an additional 6,414 shares during the last quarter. 53.28% of the stock is owned by hedge funds and other institutional investors.

Real Brokerage Stock Performance

Real Brokerage stock opened at $16.53 on Friday. Real Brokerage has a 52-week low of $15.50 and a 52-week high of $51.60. The firm has a 50 day moving average price of $20.58 and a two-hundred day moving average price of $21.14. The firm has a market cap of $360.19 million, a price-to-earnings ratio of -23.61 and a beta of 0.79.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.