The Real Brokerage Inc. (NASDAQ:REAX - Free Report) - Stock analysts at William Blair dropped their Q4 2024 earnings per share estimates for shares of Real Brokerage in a research report issued to clients and investors on Tuesday, May 7th. William Blair analyst S. Sheldon now forecasts that the company will post earnings per share of ($0.04) for the quarter, down from their previous estimate of ($0.03). The consensus estimate for Real Brokerage's current full-year earnings is ($0.12) per share.
Real Brokerage (NASDAQ:REAX - Get Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The company had revenue of $181.34 million during the quarter, compared to analysts' expectations of $161.37 million. Real Brokerage had a negative net margin of 3.99% and a negative return on equity of 105.23%.
Several other research firms have also recently weighed in on REAX. Jonestrading restated a "buy" rating and set a $4.00 target price on shares of Real Brokerage in a research note on Monday, April 8th. Roth Mkm boosted their target price on Real Brokerage from $2.75 to $3.50 and gave the stock a "buy" rating in a research note on Thursday, January 18th.
Get Our Latest Stock Report on Real Brokerage
Real Brokerage Stock Performance
Shares of REAX traded down $0.14 during midday trading on Friday, hitting $4.76. The company had a trading volume of 630,207 shares, compared to its average volume of 603,062. The company's 50-day simple moving average is $3.55 and its 200-day simple moving average is $2.52. The firm has a market capitalization of $891.26 million, a P/E ratio of -32.66 and a beta of 1.01. Real Brokerage has a 1 year low of $1.09 and a 1 year high of $5.32.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Searcy Financial Services Inc. ADV acquired a new position in Real Brokerage during the first quarter worth approximately $37,000. TCI Wealth Advisors Inc. acquired a new position in Real Brokerage during the first quarter worth approximately $49,000. HBK Sorce Advisory LLC increased its position in Real Brokerage by 17.1% during the first quarter. HBK Sorce Advisory LLC now owns 72,000 shares of the company's stock worth $225,000 after buying an additional 10,500 shares during the period. Finally, NewEdge Wealth LLC acquired a new position in Real Brokerage during the fourth quarter worth approximately $448,000. Institutional investors and hedge funds own 53.28% of the company's stock.
Real Brokerage Company Profile
(
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The Real Brokerage Inc, together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It operates in three segments: North American Brokerage, Real Title, and One Real Mortgage. It offers brokerage, title, and mortgage broker services. The company is based in Miami, Florida.
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