The Real Brokerage Inc. (NASDAQ:REAX) Receives $5.75 Consensus Price Target from Analysts

Shares of The Real Brokerage Inc. (NASDAQ:REAX) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $5.75.

REAX has been the topic of several recent analyst reports. Freedom Capital upgraded Real Brokerage to a “strong-buy” rating in a research report on Friday, January 23rd. BTIG Research decreased their price target on Real Brokerage from $6.00 to $4.50 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. JonesTrading reaffirmed a “buy” rating and set a $5.00 price objective on shares of Real Brokerage in a report on Wednesday, March 4th. Benchmark assumed coverage on Real Brokerage in a research report on Thursday, March 26th. They issued a “buy” rating and a $5.50 price objective for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Real Brokerage in a report on Thursday, January 22nd.

Institutional Trading of Real Brokerage

A number of institutional investors have recently added to or reduced their stakes in REAX. Fortitude Advisory Group L.L.C. grew its stake in Real Brokerage by 2.6% in the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 108,425 shares of the company’s stock valued at $453,000 after acquiring an additional 2,730 shares during the last quarter. Merit Financial Group LLC raised its position in Real Brokerage by 19.0% during the fourth quarter. Merit Financial Group LLC now owns 19,137 shares of the company’s stock worth $70,000 after acquiring an additional 3,053 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Real Brokerage by 9.4% during the second quarter. The Manufacturers Life Insurance Company now owns 36,917 shares of the company’s stock worth $166,000 after acquiring an additional 3,173 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Real Brokerage by 3.4% in the second quarter. Squarepoint Ops LLC now owns 113,428 shares of the company’s stock valued at $512,000 after purchasing an additional 3,682 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Real Brokerage by 6.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,673 shares of the company’s stock valued at $246,000 after purchasing an additional 3,746 shares in the last quarter. Hedge funds and other institutional investors own 53.28% of the company’s stock.

Real Brokerage Stock Performance

REAX stock opened at $2.50 on Friday. Real Brokerage has a one year low of $2.31 and a one year high of $5.41. The stock has a market capitalization of $529.50 million, a PE ratio of -83.33 and a beta of 1.01. The company has a fifty day moving average of $2.82 and a 200-day moving average of $3.57.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings results on Thursday, March 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $505.14 million for the quarter, compared to analyst estimates of $477.98 million. Real Brokerage had a negative net margin of 0.41% and a negative return on equity of 17.37%. Equities analysts forecast that Real Brokerage will post -0.1 earnings per share for the current fiscal year.

About Real Brokerage

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.