Real Brokerage (NASDAQ:REAX) Shares Up 4.8% - Here's Why

Key Points

• Real Brokerage shares rose 4.8% intraday to $2.535, while trading volume was 47% below the average session volume.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $5.15, despite one analyst lowering its target to $4.00.
• The company reported a quarterly loss of $0.03 per share on $700.58 million in revenue and continues to have negative profitability metrics, including a 25.32% negative return on equity.

The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report)'s share price was up 4.8% during mid-day trading on Tuesday . The stock traded as high as $2.55 and last traded at $2.5350. 1,617,732 shares changed hands during trading, a decline of 47% from the average session volume of 3,035,564 shares. The stock had previously closed at $2.42.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Zelman & Associates raised shares of Real Brokerage to an "outperform" rating in a research report on Friday, August 7th. Edward Jones reduced their price objective on shares of Real Brokerage from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. BTIG Research reissued a "buy" rating and issued a $4.25 price objective on shares of Real Brokerage in a research note on Monday, April 27th. B. Riley Financial restated a "buy" rating on shares of Real Brokerage in a report on Friday, May 8th. Finally, Weiss Ratings raised Real Brokerage from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $5.15.

Real Brokerage Stock Up 8.1%

The firm has a market capitalization of $569.91 million, a PE ratio of -37.36 and a beta of 0.78. The company's 50-day simple moving average is $1.92 and its 200 day simple moving average is $2.25.

Real Brokerage (NASDAQ:REAX - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $700.58 million for the quarter. Real Brokerage had a negative return on equity of 25.32% and a negative net margin of 0.72%. On average, sell-side analysts forecast that The Real Brokerage Inc. will post -0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Real Brokerage

A number of large investors have recently made changes to their positions in the business. Principal Financial Group Inc. acquired a new stake in shares of Real Brokerage in the 1st quarter worth $29,000. Abel Hall LLC purchased a new stake in Real Brokerage in the first quarter valued at about $31,000. SmartHarvest Portfolios LLC acquired a new stake in Real Brokerage in the first quarter worth about $38,000. Xponance LLC purchased a new stake in shares of Real Brokerage during the fourth quarter worth about $38,000. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Real Brokerage during the fourth quarter worth about $41,000. 53.28% of the stock is owned by institutional investors and hedge funds.

About Real Brokerage

Real Brokerage Inc is a publicly traded, cloud-based residential real estate brokerage headquartered in Toronto, Canada, with operations across the United States and Canada. The company’s platform offers licensed real estate professionals a fully integrated suite of digital tools designed to streamline every phase of the property transaction process, from lead generation to closing.

Through its proprietary technology, Real Brokerage provides agents with transaction management, customer relationship management, digital marketing automation and real-time analytics in a single, user-friendly interface.

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