Real Brokerage (NASDAQ:REAX) Trading Up 7.2% - What's Next?

The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report)'s share price was up 7.2% during trading on Wednesday . The stock traded as high as $4.38 and last traded at $4.40. Approximately 251,720 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 935,271 shares. The stock had previously closed at $4.10.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. B. Riley assumed coverage on Real Brokerage in a research report on Wednesday. They set a "buy" rating and a $7.00 target price on the stock. Jones Trading reissued a "buy" rating and set a $6.00 target price on shares of Real Brokerage in a research note on Thursday, March 6th.

Real Brokerage Stock Up 4.6%

The company has a 50 day moving average of $4.29 and a 200 day moving average of $4.56.

Real Brokerage (NASDAQ:REAX - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. Real Brokerage had a negative net margin of 1.09% and a negative return on equity of 49.13%. The company had revenue of $353.98 million during the quarter, compared to the consensus estimate of $332.92 million. On average, research analysts expect that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

Real Brokerage declared that its board has approved a share buyback plan on Friday, May 30th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 17.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its position in shares of Real Brokerage by 4.1% in the 4th quarter. Rhumbline Advisers now owns 124,324 shares of the company's stock worth $572,000 after acquiring an additional 4,906 shares during the period. Principal Financial Group Inc. boosted its stake in Real Brokerage by 11.0% during the fourth quarter. Principal Financial Group Inc. now owns 80,434 shares of the company's stock worth $370,000 after buying an additional 7,967 shares in the last quarter. US Bancorp DE bought a new stake in Real Brokerage in the 4th quarter valued at $85,000. Charles Schwab Investment Management Inc. increased its stake in Real Brokerage by 48.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 438,295 shares of the company's stock valued at $2,016,000 after acquiring an additional 144,011 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in shares of Real Brokerage in the 4th quarter worth approximately $177,000. 53.28% of the stock is owned by institutional investors.

About Real Brokerage

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.