Real Brokerage (NASDAQ:REAX) Shares Up 6.2%

The Real Brokerage Inc. (NASDAQ:REAX)’s stock price shot up 6.2% on Thursday . The company traded as high as $4.12 and last traded at $4.10. 79,593 shares changed hands during trading, a decline of 87% from the average session volume of 601,245 shares. The stock had previously closed at $3.86.

Wall Street Analyst Weigh In

Separately, Jonestrading reaffirmed a “buy” rating and set a $4.00 target price on shares of Real Brokerage in a research report on Monday, April 8th.

Real Brokerage Price Performance

The business has a 50-day moving average of $4.34 and a 200 day moving average of $3.28.

Real Brokerage (NASDAQ:REAX) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). The business had revenue of $200.74 million during the quarter, compared to analyst estimates of $170.78 million. Real Brokerage had a negative return on equity of 98.38% and a negative net margin of 4.63%. As a group, equities analysts anticipate that The Real Brokerage Inc. will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. AWM Investment Company Inc. boosted its stake in Real Brokerage by 240.6% in the 1st quarter. AWM Investment Company Inc. now owns 1,703,228 shares of the company’s stock worth $5,314,000 after purchasing an additional 1,203,228 shares during the period. Quadrature Capital Ltd bought a new position in Real Brokerage in the 1st quarter worth about $263,000. HBK Sorce Advisory LLC raised its holdings in shares of Real Brokerage by 17.1% in the 1st quarter. HBK Sorce Advisory LLC now owns 72,000 shares of the company’s stock valued at $225,000 after acquiring an additional 10,500 shares in the last quarter. TCI Wealth Advisors Inc. purchased a new stake in shares of Real Brokerage in the 1st quarter valued at about $49,000. Finally, Searcy Financial Services Inc. ADV purchased a new stake in shares of Real Brokerage in the 1st quarter valued at about $37,000. Institutional investors own 53.28% of the company’s stock.

Real Brokerage Company Profile

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.