Real Brokerage (NASDAQ:REAX) Shares Gap Down to $3.83

The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $3.83, but opened at $3.71. Real Brokerage shares last traded at $3.75, with a volume of 61,764 shares traded.

Analyst Ratings Changes

A number of brokerages have recently issued reports on REAX. Roth Mkm increased their price objective on shares of Real Brokerage from $2.75 to $3.50 and gave the stock a "buy" rating in a research note on Thursday, January 18th. Jonestrading reissued a "buy" rating and issued a $4.00 price objective on shares of Real Brokerage in a research note on Monday, April 8th.

Real Brokerage Price Performance

The stock's 50-day moving average is $3.32 and its two-hundred day moving average is $2.37. The stock has a market cap of $667.50 million, a P/E ratio of -24.73 and a beta of 1.15.

Real Brokerage (NASDAQ:REAX - Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.03). Real Brokerage had a negative return on equity of 105.23% and a negative net margin of 3.99%. The company had revenue of $181.34 million for the quarter, compared to the consensus estimate of $161.37 million. On average, analysts anticipate that The Real Brokerage Inc. will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Real Brokerage

A hedge fund recently bought a new stake in Real Brokerage stock. NewEdge Wealth LLC bought a new position in shares of The Real Brokerage Inc. (NASDAQ:REAX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 280,000 shares of the company's stock, valued at approximately $448,000. NewEdge Wealth LLC owned about 0.16% of Real Brokerage as of its most recent filing with the Securities and Exchange Commission (SEC). 53.28% of the stock is currently owned by hedge funds and other institutional investors.

Real Brokerage Company Profile

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.