The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report)'s share price traded up 5.2% during mid-day trading on Wednesday . The company traded as high as $3.28 and last traded at $3.25. 174,241 shares were traded during trading, a decline of 60% from the average session volume of 436,285 shares. The stock had previously closed at $3.09.
Wall Street Analyst Weigh In
Separately, Roth Mkm boosted their price target 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.
Read Our Latest Stock Report on Real Brokerage
Real Brokerage Stock Up 9.4 %
The stock has a market cap of $608.13 million, a PE ratio of -22.53 and a beta of 1.15. The business's fifty day moving average is $2.97 and its 200 day moving average is $2.07.
Real Brokerage (NASDAQ:REAX - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.03). The company had revenue of $181.34 million for the quarter, compared to analysts' expectations of $161.37 million. Real Brokerage had a negative return on equity of 105.23% and a negative net margin of 3.99%. As a group, analysts predict that The Real Brokerage Inc. will post -0.12 EPS for the current year.
Institutional Trading of Real Brokerage
Institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC purchased a new stake in shares of Real Brokerage in the second quarter valued at about $29,000. Wells Fargo & Company MN lifted its holdings in shares of Real Brokerage by 58.3% in the second quarter. Wells Fargo & Company MN now owns 19,000 shares of the company's stock valued at $36,000 after purchasing an additional 7,000 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Real Brokerage by 33.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 20,000 shares of the company's stock valued at $32,000 after purchasing an additional 5,000 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Real Brokerage by 19.6% in the second quarter. Geode Capital Management LLC now owns 52,118 shares of the company's stock valued at $99,000 after purchasing an additional 8,527 shares in the last quarter. Finally, HBK Sorce Advisory LLC purchased a new position in shares of Real Brokerage during the first quarter valued at approximately $105,000. Hedge funds and other institutional investors own 53.28% of the company's stock.
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.
See Also
Before you consider Real Brokerage, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Real Brokerage wasn't on the list.
While Real Brokerage currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
