Real REMAX Group’s (REAX) Neutral Rating Reiterated at Zelman & Associates

Zelman & Associates restated their neutral rating on shares of Real REMAX Group (NASDAQ:REAX) in a report published on Wednesday morning,Benzinga reports.

Other research analysts have also issued reports about the company. Edward Jones dropped their price objective on Real REMAX Group from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. JonesTrading reissued a “buy” rating and set a $40.00 price objective on shares of Real REMAX Group in a report on Tuesday, September 22nd. BTIG Research restated a “buy” rating and issued a $35.00 target price (up from $4.25) on shares of Real REMAX Group in a research note on Thursday, August 27th. Citigroup started coverage on shares of Real REMAX Group in a report on Wednesday, October 14th. They issued a “market outperform” rating on the stock. Finally, Wall Street Zen raised shares of Real REMAX Group to a “hold” rating in a report on Saturday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.14.

Real REMAX Group Trading Down 2.3%

REAX stock opened at $15.94 on Wednesday. Real REMAX Group has a 1-year low of $13.25 and a 1-year high of $45.00. The firm has a market cap of $347.33 million, a P/E ratio of -22.77 and a beta of 0.80. The business’s 50 day moving average is $18.77 and its 200-day moving average is $19.59.

Real REMAX Group (NASDAQ:REAX) last issued its earnings results on Tuesday, June 30th. The company reported ($0.30) earnings per share (EPS) for the quarter. The company had revenue of $700.58 million during the quarter. Real REMAX Group had a negative return on equity of 25.32% and a negative net margin of 0.72%. Sell-side analysts forecast that Real REMAX Group will post -0.45 EPS for the current year.

Insider Transactions at Real REMAX Group

In other Real REMAX Group news, major shareholder David L. Liniger sold 52,876 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $19.12, for a total value of $1,010,989.12. Following the transaction, the insider directly owned 5,539,905 shares in the company, valued at approximately $105,922,983.60. This trade represents a 0.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 38.21% of the company’s stock.

Institutional Investors Weigh In On Real REMAX Group

A number of institutional investors and hedge funds have recently made changes to their positions in REAX. Squarepoint Ops LLC lifted its stake in shares of Real REMAX Group by 187.3% during the second quarter. Squarepoint Ops LLC now owns 629,469 shares of the company’s stock valued at $1,146,000 after acquiring an additional 410,364 shares during the period. Bank of New York Mellon Corp acquired a new stake in Real REMAX Group in the second quarter worth about $680,000. Seven Six Capital Management LLC bought a new stake in Real REMAX Group during the 1st quarter worth about $1,290,000. Empowered Funds LLC raised its holdings in Real REMAX Group by 6.4% during the 1st quarter. Empowered Funds LLC now owns 181,253 shares of the company’s stock worth $1,044,000 after purchasing an additional 10,915 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in Real REMAX Group during the 1st quarter worth about $861,000. Institutional investors own 53.28% of the company’s stock.

Real REMAX Group Company Profile

Real Brokerage Inc is a technology-powered residential real estate brokerage serving real estate agents and their clients in the United States and Canada. The company operates through a cloud-based model that enables agents to manage their businesses remotely while providing brokerage services for home buyers and sellers.

Real’s platform is designed to support key aspects of the real estate transaction process, including lead management, transaction coordination, document management, communication and collaboration.