The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report)'s stock price was up 4.2% during mid-day trading on Friday . The company traded as high as $3.48 and last traded at $3.48. Approximately 57,384 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 540,794 shares. The stock had previously closed at $3.34.
Analyst Ratings Changes
A number of analysts have issued reports on REAX shares. Roth Mkm lifted their price objective on 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 set a $4.00 target price on shares of Real Brokerage in a research report on Monday, April 8th.
Check Out Our Latest Analysis on REAX
Real Brokerage Trading Up 1.8 %
The company has a 50-day moving average price of $3.22 and a two-hundred day moving average price of $2.27. The stock has a market cap of $611.73 million, a P/E ratio of -22.67 and a beta of 1.15.
Real Brokerage (NASDAQ:REAX - Get Free Report) last posted 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 net margin of 3.99% and a negative return on equity of 105.23%. The business had revenue of $181.34 million for 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 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Real Brokerage
Hedge funds have recently made changes to their positions in the company. NewEdge Wealth LLC purchased a new stake in shares of Real Brokerage in the 4th quarter worth $448,000. First Manhattan CO. LLC. raised its position in shares of Real Brokerage by 56.0% in the 1st quarter. First Manhattan CO. LLC. now owns 100,252 shares of the company's stock worth $121,000 after acquiring an additional 36,000 shares in the last quarter. Millennium Management LLC raised its position in shares of Real Brokerage by 64.0% in the 2nd quarter. Millennium Management LLC now owns 71,383 shares of the company's stock worth $109,000 after acquiring an additional 27,861 shares in the last quarter. HBK Sorce Advisory LLC bought a new position in shares of Real Brokerage in the 1st quarter worth $105,000. Finally, Geode Capital Management LLC raised its position in shares of Real Brokerage by 19.6% in the 2nd quarter. Geode Capital Management LLC now owns 52,118 shares of the company's stock worth $99,000 after acquiring an additional 8,527 shares in the last quarter. 53.28% of the stock is currently owned by hedge funds and other institutional investors.
Real Brokerage Company Profile
(
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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