Real Brokerage (NASDAQ:REAX) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Real Brokerage shares rose 10% to $25.416, while trading volume reached 260,677 shares—down 19% from the prior session.
• Analyst sentiment remains a “Moderate Buy”, with two Strong Buy, six Buy and two Sell ratings and an average price target of $51.50, despite some recent downgrades and target cuts.
• The company reported quarterly revenue of $700.58 million and a loss of $3.00 per share; hedge funds and institutional investors own approximately 53.28% of the stock.

Shares of The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report) saw strong trading volume on Tuesday . 260,677 shares were traded during trading, a decline of 19% from the previous session's volume of 323,107 shares.The stock last traded at $25.4160 and had previously closed at $24.00.

Wall Street Analyst Weigh In

REAX has been the topic of a number of research reports. Zacks Research downgraded Real Brokerage from a "hold" rating to a "strong sell" rating in a research report on Friday, August 7th. Weiss Ratings raised Real Brokerage from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, August 11th. B. Riley Financial reissued a "buy" rating on shares of Real Brokerage in a report on Friday, May 8th. Edward Jones dropped their target price on Real Brokerage from $50.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Finally, JonesTrading reduced their price target on shares of Real Brokerage from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Real Brokerage currently has an average rating of "Moderate Buy" and an average target price of $51.50.

Real Brokerage Stock Up 10.0%

The firm's 50-day simple moving average is $2.03 and its 200-day simple moving average is $2.22. The firm has a market capitalization of $5.75 billion, a PE ratio of -376.76 and a beta of 0.78.

Real Brokerage (NASDAQ:REAX - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported ($3.00) earnings per share (EPS) for the quarter. Real Brokerage had a negative net margin of 0.72% and a negative return on equity of 25.32%. The company had revenue of $700.58 million for the quarter. On average, equities research analysts forecast that The Real Brokerage Inc. will post -0.05 earnings per share for the current year.

Hedge Funds Weigh In On Real Brokerage

A number of large investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership boosted its stake in shares of Real Brokerage by 310.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,127,804 shares of the company's stock valued at $8,894,000 after purchasing an additional 1,608,941 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Real Brokerage in the fourth quarter worth $5,110,000. UBS Group AG increased its stake in shares of Real Brokerage by 894.6% in the third quarter. UBS Group AG now owns 1,288,964 shares of the company's stock worth $5,388,000 after buying an additional 1,159,366 shares during the period. Nuveen LLC raised its holdings in Real Brokerage by 104.5% during the 4th quarter. Nuveen LLC now owns 2,071,744 shares of the company's stock valued at $7,562,000 after buying an additional 1,058,670 shares during the last quarter. Finally, Ophir Asset Management Pty Ltd raised its holdings in Real Brokerage by 24.9% during the 4th quarter. Ophir Asset Management Pty Ltd now owns 3,952,949 shares of the company's stock valued at $14,428,000 after buying an additional 787,330 shares during the last quarter. 53.28% of the stock is owned by hedge funds and other institutional investors.

Real Brokerage Company Profile

Real Brokerage Inc is a publicly traded, cloud-based residential real estate brokerage headquartered in Toronto, Canada, with operations across the United States and Canada. The company’s platform offers licensed real estate professionals a fully integrated suite of digital tools designed to streamline every phase of the property transaction process, from lead generation to closing.

Through its proprietary technology, Real Brokerage provides agents with transaction management, customer relationship management, digital marketing automation and real-time analytics in a single, user-friendly interface.

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