reAlpha Tech (NASDAQ:AIRE) Receives "Sell (D-)" Rating from Weiss Ratings

Key Points

• reAlpha Tech (NASDAQ:AIRE) has been assigned a "sell (D-)" rating by Weiss Ratings, reflecting continued bearish sentiment from analysts.
• The stock recently rose 4.4%, reaching $0.61, but has a consensus rating of "Reduce" with an average price target of $1.25.
• reAlpha Tech reported a quarterly loss of ($0.08) EPS, missing estimates, with significant negative return on equity of 213.07% and negative net margin of 988.62%.

reAlpha Tech (NASDAQ:AIRE - Get Free Report)'s stock had its "sell (d-)" rating reiterated by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued research reports about the company. Maxim Group restated a "hold" rating on shares of reAlpha Tech in a research report on Monday, July 28th. Wall Street Zen downgraded reAlpha Tech to a "strong sell" rating in a research report on Saturday, September 13th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $1.25.

reAlpha Tech Stock Up 4.4%

Shares of AIRE stock traded up $0.03 during mid-day trading on Wednesday, reaching $0.61. The stock had a trading volume of 13,116,117 shares, compared to its average volume of 12,268,014. reAlpha Tech has a 1-year low of $0.14 and a 1-year high of $4.49. The business's fifty day moving average is $0.60 and its 200-day moving average is $0.57.

reAlpha Tech (NASDAQ:AIRE - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.03). reAlpha Tech had a negative return on equity of 213.07% and a negative net margin of 988.62%.The company had revenue of $1.25 million for the quarter, compared to analyst estimates of $1.20 million. Equities analysts expect that reAlpha Tech will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Two Sigma Investments LP bought a new position in shares of reAlpha Tech Corp. (NASDAQ:AIRE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,679 shares of the company's stock, valued at approximately $77,000. Two Sigma Investments LP owned about 0.06% of reAlpha Tech at the end of the most recent quarter. 1.02% of the stock is owned by hedge funds and other institutional investors.

About reAlpha Tech

reAlpha Tech Corp., a real estate technology company, commercializes artificial intelligence (AI)-powered technologies. The company operates in two segments, Platform Services and Rental Business. The company offers and develops AI-based products and services to customers in the real-estate industry.

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