The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report) shares fell 2.9% during trading on Monday . The company traded as low as $3.83 and last traded at $3.97. 332,278 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 491,288 shares. The stock had previously closed at $4.09.
Wall Street Analysts Forecast Growth
REAX has been the subject of several analyst reports. Roth Mkm upped their target price on Real Brokerage from $2.75 to $3.50 and gave the company a "buy" rating in a report on Thursday, January 18th. Jonestrading restated a "buy" rating and set a $4.00 price target on shares of Real Brokerage in a report on Monday.
Read Our Latest Analysis on REAX
Real Brokerage Price Performance
The firm's 50-day moving average price is $3.03 and its 200 day moving average price is $2.12. The firm has a market capitalization of $762.87 million, a price-to-earnings ratio of -28.13 and a beta of 1.15.
Real Brokerage (NASDAQ:REAX - Get Free Report) last released its earnings results on Thursday, March 7th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The business 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%. On average, analysts predict that The Real Brokerage Inc. will post -0.12 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in REAX. Steward Partners Investment Advisory LLC increased its stake 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 worth $32,000 after buying an additional 5,000 shares during the last quarter. NewEdge Wealth LLC bought a new position in shares of Real Brokerage in the fourth quarter worth $448,000. Wells Fargo & Company MN raised its holdings in Real Brokerage by 58.3% during the second quarter. Wells Fargo & Company MN now owns 19,000 shares of the company's stock worth $36,000 after purchasing an additional 7,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in Real Brokerage by 19.6% during the 2nd 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, First Manhattan CO. LLC. increased its position in shares of Real Brokerage by 56.0% during the 1st quarter. First Manhattan CO. LLC. now owns 100,252 shares of the company's stock valued at $121,000 after purchasing an additional 36,000 shares during the period. 53.28% of the stock is owned by institutional investors and hedge funds.
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.
Read More
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
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
