Real Brokerage (NASDAQ:REAX) Sees Strong Trading Volume - Still a Buy?

Key Points

• Real Brokerage Inc. saw a significant increase in trading volume, with approximately 4 million shares exchanged, a rise of 234% compared to the previous session, and the stock last traded at $5.12.
• Equities analysts have issued a consensus rating of "Buy" for the stock, with a target price of $6.33, including recent upgrades and positive ratings from multiple firms.
• The company reported credible quarterly revenue of $540.75 million, exceeding analyst expectations, despite posting a negative return on equity of -35.33%.

The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report) saw an uptick in trading volume on Wednesday . 4,026,991 shares traded hands during trading, an increase of 234% from the previous session's volume of 1,207,455 shares.The stock last traded at $5.12 and had previously closed at $5.05.

Analysts Set New Price Targets

A number of research firms recently issued reports on REAX. Wall Street Zen raised shares of Real Brokerage from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Jones Trading reiterated a "buy" rating and set a $6.00 price target on shares of Real Brokerage in a research report on Thursday, August 7th. Finally, B. Riley started coverage on shares of Real Brokerage in a report on Wednesday, June 25th. They issued a "buy" rating and a $7.00 price target for the company. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $6.33.

Real Brokerage Trading Down 1.4%

The firm has a market cap of $968.98 million, a P/E ratio of -98.00 and a beta of 1.05. The company's fifty day moving average price is $4.56 and its two-hundred day moving average price is $4.40.

Real Brokerage (NASDAQ:REAX - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter. Real Brokerage had a negative return on equity of 35.33% and a negative net margin of 0.78%.The business had revenue of $540.75 million for the quarter, compared to analysts' expectations of $510.58 million. On average, analysts predict that The Real Brokerage Inc. will post -0.1 EPS for the current fiscal year.

Real Brokerage declared that its Board of Directors has approved a stock buyback program on Friday, May 30th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 17.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

Institutional Trading of Real Brokerage

Several institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC boosted its position in shares of Real Brokerage by 3.4% during the 2nd quarter. Squarepoint Ops LLC now owns 113,428 shares of the company's stock worth $512,000 after purchasing an additional 3,682 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in Real Brokerage in the second quarter worth about $50,000. State of Wyoming raised its stake in Real Brokerage by 112.8% in the 2nd quarter. State of Wyoming now owns 120,993 shares of the company's stock valued at $546,000 after acquiring an additional 64,140 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Real Brokerage by 143.6% during the second quarter. Tower Research Capital LLC TRC now owns 14,006 shares of the company's stock valued at $63,000 after buying an additional 8,257 shares during the period. Finally, Shay Capital LLC grew its position in shares of Real Brokerage by 45.8% during the 2nd quarter. Shay Capital LLC now owns 1,035,000 shares of the company's stock valued at $4,668,000 after purchasing an additional 325,000 shares in the last quarter. 53.28% of the stock is currently owned by institutional investors.

Real Brokerage Company Profile

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.