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

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

Separately, B. Riley started coverage on Real Brokerage in a research report on Wednesday, June 25th. They issued a "buy" rating and a $7.00 target price for the company.

Real Brokerage Price Performance

Shares of REAX opened at $4.14 on Friday. The company has a 50-day moving average of $4.18 and a two-hundred day moving average of $4.47. The stock has a market cap of $818.69 million, a price-to-earnings ratio of -59.14 and a beta of 1.04. Real Brokerage has a one year low of $3.80 and a one year high of $6.75.

Real Brokerage (NASDAQ:REAX - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.03. Real Brokerage had a negative net margin of 1.09% and a negative return on equity of 49.13%. The business had revenue of $353.98 million during the quarter, compared to the consensus estimate of $332.92 million. Analysts anticipate 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 share buyback plan on Friday, May 30th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 17.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Institutional Investors Weigh In On Real Brokerage

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aquatic Capital Management LLC acquired a new position in shares of Real Brokerage in the fourth quarter worth $25,000. New York State Teachers Retirement System purchased a new position in Real Brokerage in the first quarter valued at about $37,000. Oxford Asset Management LLP acquired a new position in Real Brokerage in the 4th quarter worth about $49,000. Corton Capital Inc. purchased a new stake in shares of Real Brokerage during the 4th quarter worth about $51,000. Finally, Diversified Trust Co purchased a new stake in shares of Real Brokerage during the 1st quarter worth about $47,000. Hedge funds and other institutional investors own 53.28% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.