reAlpha Tech (NASDAQ:AIRE) Stock Price Down 4.5% – Should You Sell?

reAlpha Tech Corp. (NASDAQ:AIRE) was down 4.5% on Friday . The company traded as low as $1.50 and last traded at $1.50. 41,082 shares were traded during trading, a decline of 84% from the average session volume of 251,065 shares. The stock had previously closed at $1.57.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of reAlpha Tech in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $50.00.

reAlpha Tech Trading Down 4.5%

The firm’s fifty day moving average price is $1.59 and its two-hundred day moving average price is $3.82. The stock has a market capitalization of $8.82 million, a PE ratio of -0.45 and a beta of -2.64.

reAlpha Tech (NASDAQ:AIRE) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.57) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.18. reAlpha Tech had a negative net margin of 419.95% and a negative return on equity of 198.91%. The firm had revenue of $1.11 million for the quarter, compared to the consensus estimate of $3.10 million.

Institutional Investors Weigh In On reAlpha Tech

A number of institutional investors have recently modified their holdings of AIRE. BlackRock Inc. purchased a new position in shares of reAlpha Tech in the 2nd quarter valued at about $78,000. Virtu Financial LLC boosted its position in reAlpha Tech by 56.1% during the fourth quarter. Virtu Financial LLC now owns 178,189 shares of the company’s stock worth $74,000 after purchasing an additional 64,039 shares in the last quarter. State Street Corp boosted its position in reAlpha Tech by 49.9% during the fourth quarter. State Street Corp now owns 242,650 shares of the company’s stock worth $101,000 after purchasing an additional 80,800 shares in the last quarter. Scientech Research LLC acquired a new stake in reAlpha Tech in the third quarter valued at approximately $87,000. Finally, Geode Capital Management LLC grew its holdings in reAlpha Tech by 120.4% in the fourth quarter. Geode Capital Management LLC now owns 941,337 shares of the company’s stock valued at $393,000 after purchasing an additional 514,306 shares during the period. 1.02% of the stock is currently owned by institutional investors and hedge funds.

About reAlpha Tech

reAlpha Tech (NASDAQ: AIRE) is a real estate technology company specializing in the acquisition, renovation, and management of single-family rental properties across the United States. The company leverages proprietary data analytics and machine-learning models to identify undervalued houses in high-potential neighborhoods. Once acquired, these properties undergo a standardized renovation process designed to maximize rental value and minimize maintenance expenses, after which they are added to reAlpha’s rental portfolio.

In addition to direct property ownership, reAlpha Tech offers a subscription-based investment platform that enables accredited and non-accredited investors to participate in fractional ownership of residential real estate assets.