Real Brokerage Stock to Reverse Split on Tuesday, August 25th (NASDAQ:REAX)

Key Points

• Real Brokerage will execute a 1-for-10 reverse stock split after the market closes Monday, August 24, with adjusted trading beginning Tuesday, August 25.
• REAX recently traded at $2.64, with a market capitalization of approximately $575 million. The company remains unprofitable, reporting a quarterly loss of $0.03 per share and a negative net margin.
• Analyst sentiment is mixed but leans positive: the stock has a consensus “Moderate Buy” rating and a $5.15 price target, while institutional investors own about 53.28% of outstanding shares.

The Real Brokerage Inc. (NASDAQ:REAX - Free Report)'s stock is scheduled to reverse split on Tuesday, August 25th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, August 24th.

Real Brokerage Price Performance

Shares of REAX traded down $0.11 during midday trading on Friday, reaching $2.64. The stock had a trading volume of 7,428,665 shares, compared to its average volume of 3,127,043. The company has a market capitalization of $575.37 million, a P/E ratio of -37.71 and a beta of 0.78. The firm's 50 day moving average price is $1.99 and its 200-day moving average price is $2.23. Real Brokerage has a 52 week low of $1.55 and a 52 week high of $5.41.

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

Analyst Upgrades and Downgrades

REAX has been the topic of several recent research reports. B. Riley Financial reaffirmed a "buy" rating on shares of Real Brokerage in a research note on Friday, May 8th. JonesTrading cut their target price 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. Zacks Research cut Real Brokerage from a "hold" rating to a "strong sell" rating in a report on Friday, August 7th. BTIG Research reiterated a "buy" rating and set a $4.25 price objective on shares of Real Brokerage in a research report on Monday, April 27th. Finally, Zelman & Associates raised Real Brokerage to an "outperform" rating in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $5.15.

Institutional Trading of Real Brokerage

Several hedge funds and other institutional investors have recently modified their holdings of REAX. Lido Advisors LLC acquired a new position in Real Brokerage during the third quarter valued at $42,000. Xponance LLC acquired a new stake in Real Brokerage during the 4th quarter worth about $38,000. Envestnet Asset Management Inc. purchased a new position in Real Brokerage during the 2nd quarter valued at about $47,000. Thrivent Financial for Lutherans acquired a new position in shares of Real Brokerage in the 2nd quarter valued at about $50,000. Finally, Quarry LP increased its holdings in shares of Real Brokerage by 1,615.9% in the 3rd quarter. Quarry LP now owns 11,256 shares of the company's stock valued at $47,000 after purchasing an additional 10,600 shares during the period. 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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