The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $5.11, but opened at $4.76. Real Brokerage shares last traded at $5.23, with a volume of 343,247 shares traded.
Wall Street Analysts Forecast Growth
REAX has been the topic of a number of research reports. Roth Mkm boosted their price objective on Real Brokerage from $2.75 to $3.50 and gave the company a "buy" rating in a research note on Thursday, January 18th. Jonestrading reissued a "buy" rating and issued a $4.00 price target on shares of Real Brokerage in a research report on Monday, April 8th.
Read Our Latest Research Report on REAX
Real Brokerage Stock Performance
The business has a 50 day moving average of $3.47 and a 200-day moving average of $2.49. The company has a market capitalization of $932.46 million, a P/E ratio of -32.73 and a beta of 1.01.
Real Brokerage (NASDAQ:REAX - Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.07) earnings per share (EPS) 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 business had revenue of $181.34 million during the quarter, compared to analysts' expectations of $161.37 million. As a group, equities analysts forecast that The Real Brokerage Inc. will post -0.12 EPS for the current fiscal year.
Institutional Investors Weigh In On Real Brokerage
Institutional investors have recently modified their holdings of the stock. NewEdge Wealth LLC bought a new stake in Real Brokerage during the fourth quarter valued at approximately $448,000. TCI Wealth Advisors Inc. purchased a new stake in shares of Real Brokerage in the 1st quarter worth $49,000. Finally, Searcy Financial Services Inc. ADV bought a new position in Real Brokerage in the 1st quarter worth $37,000. 53.28% of the stock is owned by hedge funds and other institutional investors.
About Real Brokerage
(
Get Free Report)
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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