Real Brokerage (NASDAQ:REAX - Get Free Report) announced that its board has authorized a stock repurchase plan on Friday, May 30th, RTT News reports. The company plans to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to purchase up to 17.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.
Analyst Ratings Changes
Separately, Jones Trading reissued a "buy" rating and set a $6.00 target price on shares of Real Brokerage in a research report on Thursday, March 6th.
Check Out Our Latest Stock Report on Real Brokerage
Real Brokerage Price Performance
NASDAQ REAX traded down $0.15 during trading on Wednesday, reaching $4.26. The company's stock had a trading volume of 717,585 shares, compared to its average volume of 907,505. The stock has a market capitalization of $842.43 million, a PE ratio of -23.67 and a beta of 1.12. The firm has a fifty day moving average of $4.35 and a 200 day moving average of $4.68. Real Brokerage has a one year low of $3.55 and a one year high of $6.75.
Real Brokerage (NASDAQ:REAX - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.03. The firm had revenue of $353.98 million during the quarter, compared to analyst estimates of $332.92 million. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. Research analysts expect that Real Brokerage will post -0.1 earnings per share for the current fiscal year.
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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