Real Brokerage (NASDAQ:REAX) Given Sell (D-) Rating at Weiss Ratings

Key Points

• Real Brokerage (NASDAQ:REAX) received a "sell (D-)" rating from Weiss Ratings, highlighting ongoing concerns about the company's stock performance.
• While Weiss Ratings downgraded the stock, other analysts have been more optimistic, with ratings ranging from "buy" to "strong buy" and an average target price of $6.33.
• Real Brokerage reported earnings of $0.01 per share with a revenue exceeding analyst expectations at $540.75 million, although it also faced negative net margins.

Real Brokerage (NASDAQ:REAX - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also weighed in on the stock. Wall Street Zen raised shares of Real Brokerage from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. B. Riley assumed coverage on shares of Real Brokerage in a research note on Wednesday, June 25th. They set a "buy" rating and a $7.00 price objective for the company. Finally, Jones Trading restated a "buy" rating and set a $6.00 price objective on shares of Real Brokerage in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $6.33.

Real Brokerage Trading Down 0.2%

Shares of NASDAQ REAX opened at $4.13 on Wednesday. The firm has a market cap of $816.71 million, a PE ratio of -82.60 and a beta of 0.98. Real Brokerage has a 1-year low of $3.80 and a 1-year high of $6.61. The company has a fifty day moving average price of $4.65 and a 200 day moving average price of $4.40.

Real Brokerage (NASDAQ:REAX - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.01 earnings per share 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%. Equities research analysts forecast that Real Brokerage will post -0.1 EPS for the current year.

Institutional Investors Weigh In On Real Brokerage

Hedge funds have recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new stake in Real Brokerage in the 1st quarter valued at about $37,000. Diversified Trust Co acquired a new stake in Real Brokerage in the 1st quarter valued at about $47,000. Envestnet Asset Management Inc. acquired a new stake in Real Brokerage in the 2nd quarter valued at about $47,000. Golden State Wealth Management LLC lifted its stake in Real Brokerage by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 12,000 shares of the company's stock valued at $49,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Thrivent Financial for Lutherans acquired a new stake in Real Brokerage in the 2nd quarter valued at about $50,000. 53.28% of the stock is currently owned by institutional investors and hedge funds.

About Real Brokerage

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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