Real Brokerage (NASDAQ:REAX) Trading 7.2% Higher - Here's Why

Key Points

• Real Brokerage shares rose 7.2% to $2.2950, with trading volume 73% above average at roughly 5.1 million shares.
• Analyst opinions remain mixed: Zacks Research downgraded the stock to “strong sell,” while Zelman upgraded it to “outperform” and B. Riley maintained a “buy” rating. The consensus rating is “Moderate Buy,” with an average price target of $5.15.
• The company reported a quarterly loss of $0.03 per share on $700.58 million in revenue, alongside negative profitability metrics. Institutional investors own 53.28% of the stock, with several firms recently increasing their positions.

Shares of The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report) traded up 7.2% on Tuesday . The company traded as high as $2.33 and last traded at $2.2950. Approximately 5,113,571 shares were traded during trading, an increase of 73% from the average session volume of 2,955,489 shares. The stock had previously closed at $2.14.

Analysts Set New Price Targets

A number of research analysts recently issued reports on REAX shares. Zacks Research cut Real Brokerage from a "hold" rating to a "strong sell" rating in a report on Friday. Zelman & Associates upgraded shares of Real Brokerage to an "outperform" rating in a research report on Friday. B. Riley Financial reiterated a "buy" rating on shares of Real Brokerage in a research report on Friday, May 8th. JonesTrading decreased their price target on shares of Real Brokerage from $5.00 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Finally, Weiss Ratings lowered shares of Real Brokerage from a "sell (d-)" rating to a "sell (e+)" rating in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $5.15.

Real Brokerage Trading Up 7.6%

The stock has a market capitalization of $501.92 million, a P/E ratio of -32.79 and a beta of 0.78. The company has a fifty day simple moving average of $1.85 and a two-hundred day simple moving average of $2.29.

Real Brokerage (NASDAQ:REAX - Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The company reported ($0.03) EPS for the quarter. The business 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%. As a group, analysts forecast that The Real Brokerage Inc. will post -0.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Real Brokerage by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,673 shares of the company's stock worth $246,000 after purchasing an additional 3,746 shares during the period. NewEdge Advisors LLC boosted its holdings in Real Brokerage by 628.0% during the first quarter. NewEdge Advisors LLC now owns 75,089 shares of the company's stock worth $305,000 after buying an additional 64,775 shares during the last quarter. Jane Street Group LLC grew its position in shares of Real Brokerage by 568.3% during the 1st quarter. Jane Street Group LLC now owns 129,153 shares of the company's stock worth $524,000 after buying an additional 109,826 shares during the period. Strs Ohio acquired a new position in shares of Real Brokerage during the 1st quarter worth about $72,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Real Brokerage in the 2nd quarter valued at about $47,000. Institutional investors and hedge funds own 53.28% of the company's stock.

Real Brokerage Company Profile

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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