Real Brokerage (NASDAQ:REAX) Stock Rating Reaffirmed by Jonestrading

Jonestrading reaffirmed their buy rating on shares of Real Brokerage (NASDAQ:REAX - Free Report) in a report published on Monday, Benzinga reports. Jonestrading currently has a $4.00 price target on the stock.

Separately, Roth Mkm increased their target price 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.

Real Brokerage Stock Up 3.7 %

Shares of REAX stock traded up $0.15 during mid-day trading on Monday, hitting $4.24. 1,260,490 shares of the stock were exchanged, compared to its average volume of 507,458. The firm has a fifty day moving average of $3.03 and a 200 day moving average of $2.12. Real Brokerage has a 52-week low of $1.09 and a 52-week high of $4.29. The company has a market cap of $762.87 million, a PE ratio of -28.13 and a beta of 1.15.

Real Brokerage (NASDAQ:REAX - Get Free Report) last posted its earnings results on Thursday, March 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $181.34 million for the quarter, compared to analysts' expectations of $161.37 million. Equities analysts predict that Real Brokerage will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of REAX. First Manhattan CO. LLC. lifted its stake in 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 purchasing an additional 36,000 shares in the last quarter. Millennium Management LLC lifted its stake in 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 purchasing an additional 27,861 shares in the last quarter. HBK Sorce Advisory LLC purchased a new position in Real Brokerage in the 1st quarter worth approximately $105,000. Geode Capital Management LLC lifted its stake in 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 purchasing an additional 8,527 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Real Brokerage by 58.3% in the 2nd 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. 53.28% of the stock is owned by hedge funds and other institutional investors.

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.