The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 242,157 shares changed hands during mid-day trading, a decline of 54% from the previous session's volume of 524,941 shares.The stock last traded at $3.62 and had previously closed at $3.73.
Wall Street Analysts Forecast Growth
REAX has been the subject of a number of analyst reports. Jonestrading reiterated a "buy" rating and issued a $4.00 price target on shares of Real Brokerage in a research note on Monday, April 8th. Roth Mkm increased their price target on Real Brokerage from $2.75 to $3.50 and gave the stock a "buy" rating in a research note on Thursday, January 18th.
Get Our Latest Stock Report on REAX
Real Brokerage Price Performance
The stock has a market cap of $671.10 million, a PE ratio of -24.87 and a beta of 1.15. The stock has a 50-day moving average price of $3.20 and a two-hundred day moving average price of $2.24.
Real Brokerage (NASDAQ:REAX - Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.03). The firm had revenue of $181.34 million for the quarter, compared to analysts' expectations of $161.37 million. Real Brokerage had a negative net margin of 3.99% and a negative return on equity of 105.23%. Equities research analysts expect that The Real Brokerage Inc. will post -0.12 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC grew its position in 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 acquiring an additional 5,000 shares in the last quarter. Wells Fargo & Company MN grew its position in Real Brokerage by 58.3% in the second quarter. Wells Fargo & Company MN now owns 19,000 shares of the company's stock worth $36,000 after acquiring an additional 7,000 shares in the last quarter. Geode Capital Management LLC grew its position in Real Brokerage by 19.6% in the second 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. Searcy Financial Services Inc. ADV purchased a new position in Real Brokerage in the first quarter worth about $37,000. Finally, LPL Financial LLC purchased a new position in Real Brokerage in the second quarter worth about $29,000. Hedge funds and other institutional investors own 53.28% of the company's stock.
Real Brokerage Company Profile
(
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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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