Real Brokerage (NASDAQ:REAX) Downgraded by Wall Street Zen to "Hold"

Real Brokerage (NASDAQ:REAX - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Friday.

Other research analysts have also recently issued research reports about the company. B. Riley started coverage on Real Brokerage in a research note on Wednesday. They issued a "buy" rating and a $7.00 target price for the company. Jones Trading reiterated a "buy" rating and set a $6.00 price objective on shares of Real Brokerage in a research note on Thursday, March 6th.

Real Brokerage Stock Performance

Shares of REAX traded up $0.10 on Friday, reaching $4.50. The stock had a trading volume of 3,562,051 shares, compared to its average volume of 901,892. The firm has a market capitalization of $889.88 million, a price-to-earnings ratio of -64.29 and a beta of 1.04. The company has a 50-day simple moving average of $4.27 and a 200-day simple moving average of $4.55. Real Brokerage has a 12-month low of $3.80 and a 12-month high of $6.75.

Real Brokerage (NASDAQ:REAX - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.03. The company had revenue of $353.98 million during the quarter, compared to analysts' expectations of $332.92 million. Real Brokerage had a negative return on equity of 49.13% and a negative net margin of 1.09%. On average, analysts expect that Real Brokerage will post -0.1 EPS for the current fiscal year.

Real Brokerage declared that its Board of Directors has initiated a share buyback plan on Friday, May 30th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to reacquire up to 17.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.

Institutional Trading of Real Brokerage

A number of institutional investors and hedge funds have recently modified their holdings of REAX. Aquatic Capital Management LLC bought a new stake in shares of Real Brokerage in the 4th quarter worth $25,000. New York State Teachers Retirement System bought a new stake in shares of Real Brokerage in the 1st quarter worth $37,000. Diversified Trust Co bought a new stake in shares of Real Brokerage in the 1st quarter worth $47,000. Oxford Asset Management LLP bought a new stake in shares of Real Brokerage in the 4th quarter worth $49,000. Finally, Golden State Wealth Management LLC increased its holdings in shares of Real Brokerage by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 12,000 shares of the company's stock worth $49,000 after purchasing an additional 6,000 shares in the last quarter. Institutional investors own 53.28% of the company's stock.

Real Brokerage Company Profile

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.