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

Key Points

• Real Brokerage has been downgraded from a "buy" rating to a "hold" rating by analysts at Wall Street Zen.
• According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" with a price target of $6.33.
• The company's recent earnings report showed revenue of $540.75 million, exceeding analyst estimates of $510.58 million, although it posted a negative net margin of 0.78%.

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

Several other research firms have also issued reports on REAX. Weiss Ratings restated a "sell (d-)" rating on shares of Real Brokerage in a report on Wednesday, October 8th. B. Riley started coverage on shares of Real Brokerage in a report on Wednesday, June 25th. They issued a "buy" rating and a $7.00 target price for the company. Finally, Jones Trading restated a "buy" rating and issued a $6.00 target price on shares of Real Brokerage in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.33.

Real Brokerage Trading Up 0.5%

Real Brokerage stock opened at $3.71 on Friday. The firm has a 50-day moving average price of $4.63 and a 200-day moving average price of $4.38. The firm has a market capitalization of $733.65 million, a PE ratio of -74.20 and a beta of 0.98. Real Brokerage has a 12-month low of $3.59 and a 12-month high of $6.61.

Real Brokerage (NASDAQ:REAX - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $540.75 million during the quarter, compared to analyst estimates of $510.58 million. Real Brokerage had a negative net margin of 0.78% and a negative return on equity of 35.33%. As a group, sell-side analysts predict that Real Brokerage will post -0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Real Brokerage

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its holdings in Real Brokerage by 9.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,917 shares of the company's stock valued at $166,000 after buying an additional 3,173 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Real Brokerage by 1.4% in the 1st quarter. Bank of New York Mellon Corp now owns 254,242 shares of the company's stock valued at $1,032,000 after purchasing an additional 3,436 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Real Brokerage by 3.4% in the 2nd quarter. Squarepoint Ops LLC now owns 113,428 shares of the company's stock valued at $512,000 after purchasing an additional 3,682 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Real Brokerage by 6.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,673 shares of the company's stock valued at $246,000 after purchasing an additional 3,746 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Real Brokerage by 4.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 94,409 shares of the company's stock valued at $426,000 after purchasing an additional 4,304 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.

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