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.
See Also
Before you consider Real Brokerage, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Real Brokerage wasn't on the list.
While Real Brokerage currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.