The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report) shares rose 6.3% on Monday . The stock traded as high as $4.90 and last traded at $4.92. Approximately 553,483 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 1,005,223 shares. The stock had previously closed at $4.63.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on REAX shares. B. Riley started coverage on shares of Real Brokerage in a research report on Wednesday, June 25th. They set a "buy" rating and a $7.00 price target for the company. 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, Wall Street Zen cut shares of Real Brokerage from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $6.33.
Check Out Our Latest Research Report on REAX
Real Brokerage Trading Up 3.1%
The business's 50-day moving average price is $4.28 and its two-hundred day moving average price is $4.41.
Real Brokerage (NASDAQ:REAX - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $540.75 million for the quarter, compared to analysts' expectations of $510.58 million. Real Brokerage had a negative net margin of 0.78% and a negative return on equity of 35.33%. On average, research analysts anticipate that The Real Brokerage Inc. will post -0.1 EPS for the current year.
Real Brokerage declared that its Board of Directors has authorized a share buyback plan on Friday, May 30th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 17.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC lifted its stake in Real Brokerage by 694.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 92,781 shares of the company's stock valued at $377,000 after buying an additional 81,107 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in Real Brokerage by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 12,000 shares of the company's stock valued at $49,000 after buying an additional 6,000 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Real Brokerage in the first quarter valued at approximately $37,000. Avantax Advisory Services Inc. raised its holdings in shares of Real Brokerage by 52.3% in the first quarter. Avantax Advisory Services Inc. now owns 22,206 shares of the company's stock valued at $90,000 after purchasing an additional 7,621 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Real Brokerage by 20.7% in the first quarter. Rhumbline Advisers now owns 150,008 shares of the company's stock valued at $609,000 after purchasing an additional 25,684 shares during the last quarter. Institutional investors 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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