Real Brokerage (NASDAQ:REAX) Shares Down 5% - What's Next?

Key Points

• Real Brokerage Inc.'s shares fell by 5% to $4.31 during mid-day trading, with a significant decrease in trading volume of 49% compared to its average daily volume.
• Analysts have generally rated Real Brokerage as a "Buy," with a consensus target price of $6.33, including recent upgrades from Wall Street Zen and B. Riley.
• The company reported a positive revenue of $540.75 million for the last quarter, surpassing analysts' expectations, although it still posted a negative net margin of 0.78% and a negative return on equity of 35.33%.

Shares of The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report) were down 5% during mid-day trading on Monday . The stock traded as low as $4.31 and last traded at $4.31. Approximately 634,911 shares traded hands during trading, a decline of 49% from the average daily volume of 1,233,120 shares. The stock had previously closed at $4.53.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen upgraded Real Brokerage from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. B. Riley started coverage on Real Brokerage in a research note on Wednesday, June 25th. They issued a "buy" rating and a $7.00 target price on the stock. Finally, Jones Trading reaffirmed a "buy" rating and issued a $6.00 price target on shares of Real Brokerage in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $6.33.

Real Brokerage Stock Down 3.3%

The firm's fifty day moving average price is $4.65 and its two-hundred day moving average price is $4.41. The stock has a market capitalization of $866.16 million, a PE ratio of -87.60 and a beta of 1.05.

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

Institutional Trading of Real Brokerage

Several large investors have recently added to or reduced their stakes in REAX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Real Brokerage by 8.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,927 shares of the company's stock valued at $262,000 after buying an additional 4,672 shares during the period. ProShare Advisors LLC grew its position in Real Brokerage by 55.6% during the fourth quarter. ProShare Advisors LLC now owns 28,300 shares of the company's stock valued at $130,000 after buying an additional 10,108 shares during the period. Two Sigma Investments LP grew its position in Real Brokerage by 302.2% during the fourth quarter. Two Sigma Investments LP now owns 40,626 shares of the company's stock valued at $187,000 after buying an additional 30,526 shares during the period. Two Sigma Advisers LP bought a new stake in Real Brokerage during the fourth quarter valued at approximately $102,000. Finally, Squarepoint Ops LLC grew its position in Real Brokerage by 852.9% during the fourth quarter. Squarepoint Ops LLC now owns 160,410 shares of the company's stock valued at $738,000 after buying an additional 143,576 shares during the period. 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.

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