Jones Trading Reaffirms “Buy” Rating for Real Brokerage (NASDAQ:REAX)

Real Brokerage (NASDAQ:REAX)‘s stock had its “buy” rating restated by Jones Trading in a research report issued on Thursday,Benzinga reports. They presently have a $6.00 price target on the stock. Jones Trading’s price objective suggests a potential upside of 32.74% from the stock’s previous close.

Separately, BTIG Research initiated coverage on shares of Real Brokerage in a research report on Wednesday, December 18th. They issued a “buy” rating and a $6.00 price target for the company.

Real Brokerage Stock Performance

Shares of REAX stock opened at $4.52 on Thursday. The stock’s 50-day moving average is $4.86 and its two-hundred day moving average is $5.26. Real Brokerage has a 1 year low of $2.46 and a 1 year high of $6.75. The firm has a market cap of $893.85 million, a price-to-earnings ratio of -25.11 and a beta of 1.01.

Real Brokerage (NASDAQ:REAX) last released its quarterly earnings results on Thursday, March 6th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. The company had revenue of $350.63 million for the quarter, compared to analyst estimates of $300.11 million. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. As a group, research analysts predict that Real Brokerage will post -0.1 EPS for the current year.

Institutional Trading of Real Brokerage

Hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Real Brokerage by 8.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,927 shares of the company’s stock worth $262,000 after purchasing an additional 4,672 shares during the last quarter. Rhumbline Advisers raised its position in Real Brokerage by 4.1% during the 4th quarter. Rhumbline Advisers now owns 124,324 shares of the company’s stock worth $572,000 after buying an additional 4,906 shares during the last quarter. Blair William & Co. IL lifted its stake in shares of Real Brokerage by 20.0% in the 4th quarter. Blair William & Co. IL now owns 30,000 shares of the company’s stock worth $138,000 after acquiring an additional 5,000 shares during the period. Aquatic Capital Management LLC purchased a new stake in shares of Real Brokerage in the fourth quarter valued at about $25,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Real Brokerage during the fourth quarter worth about $28,000. 53.28% of the stock is owned by institutional investors and hedge funds.

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.