Real Brokerage’s (REAX) “Buy” Rating Reiterated at JonesTrading

JonesTrading reiterated their buy rating on shares of Real Brokerage (NASDAQ:REAX) in a report issued on Friday morning,Benzinga reports. JonesTrading currently has a $40.00 target price on the stock.

A number of other brokerages have also weighed in on REAX. BTIG Research reiterated a “buy” rating and set a $35.00 target price (up from $4.25) on shares of Real Brokerage in a research note on Thursday, August 27th. Edward Jones dropped their price target on Real Brokerage from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Zelman & Associates raised Real Brokerage to an “outperform” rating in a report on Friday, August 7th. Zacks Research upgraded Real Brokerage from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Finally, Weiss Ratings raised Real Brokerage from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.00.

Real Brokerage Price Performance

REAX opened at $20.28 on Friday. The firm has a 50 day moving average price of $20.91 and a 200-day moving average price of $21.40. Real Brokerage has a twelve month low of $15.50 and a twelve month high of $52.50. The stock has a market capitalization of $441.90 million, a price-to-earnings ratio of -28.97 and a beta of 0.79.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings data on Tuesday, June 30th. The company reported ($0.30) earnings per share for the quarter. Real Brokerage had a negative net margin of 0.72% and a negative return on equity of 25.32%. The company had revenue of $700.58 million for the quarter. As a group, analysts expect that Real Brokerage will post -0.45 earnings per share for the current year.

Institutional Trading of Real Brokerage

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC boosted its stake in shares of Real Brokerage by 187.3% during the 2nd quarter. Squarepoint Ops LLC now owns 629,469 shares of the company’s stock worth $1,146,000 after acquiring an additional 410,364 shares during the last quarter. Corient Private Wealth LP bought a new stake in shares of Real Brokerage during the 2nd quarter valued at $100,000. Bank of New York Mellon Corp purchased a new stake in shares of Real Brokerage in the 2nd quarter worth $680,000. Private Client Services LLC increased its stake in shares of Real Brokerage by 61.0% in the 2nd quarter. Private Client Services LLC now owns 36,754 shares of the company’s stock worth $67,000 after purchasing an additional 13,926 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Real Brokerage by 126.1% in the 1st quarter. Royal Bank of Canada now owns 20,754 shares of the company’s stock worth $52,000 after purchasing an additional 11,573 shares during the period. 53.28% of the stock is owned by hedge funds and other 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.