Real Brokerage (NASDAQ:REAX) Shares Up 2.1%

The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report)'s stock price shot up 2.1% on Wednesday . The company traded as high as $4.44 and last traded at $4.44. 65,339 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 510,365 shares. The stock had previously closed at $4.35.

Analysts Set New Price Targets

A number of brokerages have weighed in on REAX. Roth Mkm upped their price target on Real Brokerage from $2.75 to $3.50 and gave the company a "buy" rating in a research report on Thursday, January 18th. Jonestrading reiterated a "buy" rating and issued a $4.00 price target on shares of Real Brokerage in a research report on Monday.

Real Brokerage Price Performance

The company has a market cap of $753.86 million, a price-to-earnings ratio of -27.93 and a beta of 1.15. The business has a 50 day simple moving average of $3.11 and a 200 day simple moving average of $2.17.

Real Brokerage (NASDAQ:REAX - Get Free Report) last posted 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 business had revenue of $181.34 million during the quarter, compared to analyst estimates 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, sell-side analysts anticipate that The Real Brokerage Inc. will post -0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Real Brokerage

A number of institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC acquired a new position in shares of Real Brokerage during the second quarter valued at $29,000. Millennium Management LLC lifted its stake in shares of Real Brokerage by 64.0% during the second quarter. Millennium Management LLC now owns 71,383 shares of the company's stock valued at $109,000 after acquiring an additional 27,861 shares during the period. HBK Sorce Advisory LLC acquired a new position in shares of Real Brokerage during the first quarter valued at $105,000. First Manhattan CO. LLC. lifted its stake in shares of Real Brokerage by 56.0% during the first quarter. First Manhattan CO. LLC. now owns 100,252 shares of the company's stock valued at $121,000 after acquiring an additional 36,000 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Real Brokerage by 19.6% during the second quarter. Geode Capital Management LLC now owns 52,118 shares of the company's stock valued at $99,000 after acquiring an additional 8,527 shares during the period. Institutional investors and hedge funds own 53.28% of the company's stock.

About Real Brokerage

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.