Real Brokerage (NASDAQ:REAX) Given New $4.00 Price Target at Edward Jones

Key Points

• Edward Jones cut Real Brokerage’s price target to $4.00 from $5.00 but maintained a “buy” rating, implying roughly 101% upside from the stock’s $1.99 price.
• Analyst sentiment remains broadly positive: Real Brokerage has a consensus “Moderate Buy” rating and an average price target of $5.35, despite one firm downgrading the stock to “sell.”
• The company reported a quarterly loss of $0.03 per share on $700.58 million in revenue, while institutional investors own approximately 53.28% of its outstanding shares.

Real Brokerage (NASDAQ:REAX - Get Free Report) had its price target cut by research analysts at Edward Jones from $5.00 to $4.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Edward Jones' price target points to a potential upside of 101.01% from the company's current price.

A number of other brokerages also recently issued reports on REAX. JonesTrading reissued a "buy" rating and issued a $5.00 price objective on shares of Real Brokerage in a research note on Monday, April 27th. B. Riley Financial reaffirmed a "buy" rating on shares of Real Brokerage in a research report on Friday, May 8th. Weiss Ratings cut Real Brokerage from a "sell (d-)" rating to a "sell (e+)" rating in a report on Tuesday, May 26th. Finally, BTIG Research reissued a "buy" rating and issued a $4.25 price target on shares of Real Brokerage in a research report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $5.35.

Real Brokerage Price Performance

REAX traded up $0.26 during trading on Thursday, hitting $1.99. The stock had a trading volume of 8,629,053 shares, compared to its average volume of 2,901,184. The company has a 50 day moving average price of $1.84 and a 200-day moving average price of $2.33. The firm has a market cap of $433.71 million, a price-to-earnings ratio of -66.33 and a beta of 0.78. Real Brokerage has a one year low of $1.55 and a one year high of $5.41.

Real Brokerage (NASDAQ:REAX - Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported ($0.03) EPS for the quarter. The business had revenue of $700.58 million for the quarter. Real Brokerage had a negative return on equity of 11.37% and a negative net margin of 0.32%. As a group, sell-side analysts predict that Real Brokerage will post -0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. bought a new stake in shares of Real Brokerage during the first quarter valued at about $29,000. Abel Hall LLC bought a new position in shares of Real Brokerage in the first quarter valued at approximately $31,000. SmartHarvest Portfolios LLC purchased a new position in Real Brokerage during the first quarter valued at approximately $38,000. Xponance LLC purchased a new position in Real Brokerage during the fourth quarter valued at approximately $38,000. Finally, Hudson Bay Capital Management LP bought a new stake in Real Brokerage during the 4th quarter worth approximately $41,000. Institutional investors own 53.28% of the company's stock.

About Real Brokerage

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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