Benchmark Upgrades Real Brokerage (NASDAQ:REAX) to Strong-Buy

Real Brokerage (NASDAQ:REAX) was upgraded by stock analysts at Benchmark to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other equities analysts have also weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Real Brokerage in a research report on Thursday, January 22nd. William Blair reiterated an “outperform” rating on shares of Real Brokerage in a research note on Wednesday, March 4th. Freedom Capital raised shares of Real Brokerage to a “strong-buy” rating in a report on Friday, January 23rd. Zelman & Associates restated a “neutral” rating on shares of Real Brokerage in a research report on Thursday, March 5th. Finally, JonesTrading restated a “buy” rating and set a $5.00 price objective on shares of Real Brokerage in a report on Wednesday, March 4th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Real Brokerage currently has an average rating of “Moderate Buy” and a consensus target price of $5.75.

Real Brokerage Trading Up 0.8%

Shares of NASDAQ REAX opened at $2.41 on Wednesday. The company has a market capitalization of $510.44 million, a P/E ratio of -80.33 and a beta of 1.01. Real Brokerage has a 12 month low of $2.31 and a 12 month high of $5.41. The stock has a 50 day moving average of $2.89 and a 200-day moving average of $3.65.

Real Brokerage (NASDAQ:REAX) last posted its quarterly earnings results on Wednesday, March 4th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Real Brokerage had a negative return on equity of 17.37% and a negative net margin of 0.41%.The business had revenue of $505.14 million for the quarter, compared to analysts’ expectations of $477.98 million. Analysts predict that Real Brokerage will post -0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Real Brokerage

Several institutional investors have recently made changes to their positions in REAX. Portolan Capital Management LLC increased its stake in Real Brokerage by 190.5% during the 3rd quarter. Portolan Capital Management LLC now owns 5,769,203 shares of the company’s stock worth $24,115,000 after acquiring an additional 3,783,281 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Real Brokerage by 310.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,127,804 shares of the company’s stock valued at $8,894,000 after acquiring an additional 1,608,941 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Real Brokerage during the 4th quarter worth $5,110,000. UBS Group AG grew its holdings in shares of Real Brokerage by 894.6% during the 3rd quarter. UBS Group AG now owns 1,288,964 shares of the company’s stock worth $5,388,000 after purchasing an additional 1,159,366 shares in the last quarter. Finally, Nuveen LLC increased its position in shares of Real Brokerage by 104.5% in the fourth quarter. Nuveen LLC now owns 2,071,744 shares of the company’s stock worth $7,562,000 after purchasing an additional 1,058,670 shares during the period. 53.28% of the stock is currently owned by institutional investors.

Real Brokerage Company Profile

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.