The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $3.80 and last traded at $3.82, with a volume of 592745 shares traded. The stock had previously closed at $3.92.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on REAX. Weiss Ratings reiterated a "sell (d-)" rating on shares of Real Brokerage in a research report on Wednesday, October 8th. B. Riley began coverage on shares of Real Brokerage in a report on Wednesday, June 25th. They issued a "buy" rating and a $7.00 target price on the stock. Wall Street Zen upgraded shares of Real Brokerage from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Finally, Jones Trading restated a "buy" rating and set a $6.00 target price on shares of Real Brokerage in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $6.33.
Read Our Latest Stock Report on Real Brokerage
Real Brokerage Price Performance
The business has a 50-day moving average of $4.64 and a 200-day moving average of $4.38. The company has a market capitalization of $738.40 million, a P/E ratio of -74.50 and a beta of 0.98.
Real Brokerage (NASDAQ:REAX - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.01 EPS for the quarter. Real Brokerage had a negative return on equity of 35.33% and a negative net margin of 0.78%.The firm had revenue of $540.75 million for the quarter, compared to analyst estimates of $510.58 million. Sell-side analysts predict that The Real Brokerage Inc. will post -0.1 EPS for the current fiscal year.
Hedge Funds Weigh In On Real Brokerage
Several hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its stake in shares of Real Brokerage by 9.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,917 shares of the company's stock valued at $166,000 after purchasing an additional 3,173 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Real Brokerage by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 254,242 shares of the company's stock worth $1,032,000 after buying an additional 3,436 shares during the period. Squarepoint Ops LLC lifted its stake in shares of Real Brokerage by 3.4% in the second quarter. Squarepoint Ops LLC now owns 113,428 shares of the company's stock worth $512,000 after acquiring an additional 3,682 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Real Brokerage by 6.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,673 shares of the company's stock worth $246,000 after buying an additional 3,746 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Real Brokerage by 4.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 94,409 shares of the company's stock worth $426,000 after purchasing an additional 4,304 shares during the period. Institutional investors and hedge funds own 53.28% of the company's stock.
About Real Brokerage
(
Get Free Report)
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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