Real Brokerage (NASDAQ:REAX - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Jones Trading in a note issued to investors on Thursday,Benzinga reports. They presently have a $6.00 price objective on the stock. Jones Trading's target price points to a potential upside of 49.25% from the stock's current price.
Other equities analysts have also issued research reports about the company. B. Riley initiated coverage on Real Brokerage in a research note on Wednesday, June 25th. They set a "buy" rating and a $7.00 price target on the stock. Wall Street Zen downgraded Real Brokerage from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th.
Get Our Latest Report on REAX
Real Brokerage Trading Up 2.0%
Shares of REAX stock traded up $0.08 on Thursday, reaching $4.02. 145,439 shares of the stock were exchanged, compared to its average volume of 945,190. The company has a market capitalization of $794.97 million, a price-to-earnings ratio of -80.30 and a beta of 1.02. Real Brokerage has a twelve month low of $3.80 and a twelve month high of $6.75. The business's 50 day moving average price is $4.15 and its 200 day moving average price is $4.45.
Real Brokerage (NASDAQ:REAX - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.01 earnings per share for the quarter. Real Brokerage had a negative net margin of 0.78% and a negative return on equity of 35.33%. The business had revenue of $540.75 million for the quarter, compared to analyst estimates of $510.58 million. Equities research analysts forecast that Real Brokerage will post -0.1 earnings per share for the current year.
Real Brokerage declared that its Board of Directors has approved a stock buyback plan on Friday, May 30th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 17.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Nuveen LLC acquired a new position in Real Brokerage in the first quarter valued at $4,660,000. Jacobs Levy Equity Management Inc. purchased a new position in Real Brokerage in the fourth quarter valued at about $3,574,000. Renaissance Technologies LLC increased its stake in shares of Real Brokerage by 53.5% during the 4th quarter. Renaissance Technologies LLC now owns 759,100 shares of the company's stock worth $3,492,000 after purchasing an additional 264,600 shares in the last quarter. Shay Capital LLC boosted its position in Real Brokerage by 69.3% during the fourth quarter. Shay Capital LLC now owns 533,285 shares of the company's stock worth $2,453,000 after acquiring an additional 218,285 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Real Brokerage by 31.6% in the 4th quarter. JPMorgan Chase & Co. now owns 831,829 shares of the company's stock valued at $3,826,000 after purchasing an additional 199,913 shares during the last quarter. 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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