Real Brokerage (NASDAQ:REAX) Trading Up 7.2% – Still a Buy?

The Real Brokerage Inc. (NASDAQ:REAX) was up 7.2% during mid-day trading on Tuesday . The company traded as high as $2.33 and last traded at $2.2950. Approximately 5,113,571 shares changed hands during trading, an increase of 73% from the average session volume of 2,955,489 shares. The stock had previously closed at $2.14.

Analysts Set New Price Targets

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

Real Brokerage Stock Performance

The company has a 50-day moving average of $1.85 and a 200-day moving average of $2.29. The firm has a market capitalization of $501.92 million, a price-to-earnings ratio of -32.79 and a beta of 0.78.

Real Brokerage (NASDAQ:REAX) last posted its earnings results on Tuesday, June 30th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $700.58 million for the quarter. Real Brokerage had a negative return on equity of 25.32% and a negative net margin of 0.72%. As a group, analysts anticipate that The Real Brokerage Inc. will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Real Brokerage

Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new stake in shares of Real Brokerage during the second quarter worth $680,000. Private Client Services LLC boosted its stake in Real Brokerage by 61.0% in the 2nd quarter. Private Client Services LLC now owns 36,754 shares of the company’s stock worth $67,000 after purchasing an additional 13,926 shares during the period. Royal Bank of Canada boosted its stake in Real Brokerage by 126.1% in the 1st quarter. Royal Bank of Canada now owns 20,754 shares of the company’s stock worth $52,000 after purchasing an additional 11,573 shares during the period. State of Wyoming increased its holdings in Real Brokerage by 5.8% during the 1st quarter. State of Wyoming now owns 125,939 shares of the company’s stock worth $315,000 after purchasing an additional 6,950 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new position in Real Brokerage during the 1st quarter worth about $29,000. Institutional investors 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.