Real REMAX Group Inc (REAX) – What Are Researchers Saying About This Stock?

Shares of Real REMAX Group Inc (NASDAQ:REAX) have received a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $47.14.

REAX has been the topic of a number of research analyst reports. Zelman & Associates reaffirmed a “neutral” rating on shares of Real REMAX Group in a report on Wednesday. Zacks Research upgraded Real REMAX Group from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Citizens Jmp started coverage on Real REMAX Group in a report on Wednesday, October 14th. They issued a “market outperform” rating and a $40.00 target price on the stock. Weiss Ratings upgraded shares of Real REMAX Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 8th. Finally, JonesTrading restated a “buy” rating and issued a $40.00 price target on shares of Real REMAX Group in a research report on Tuesday, September 22nd.

Insider Activity

In related news, major shareholder David L. Liniger sold 52,876 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $19.12, for a total value of $1,010,989.12. Following the completion of the transaction, the insider directly owned 5,539,905 shares in the company, valued at approximately $105,922,983.60. This represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 38.21% of the company’s stock.

Institutional Investors Weigh In On Real REMAX Group

Large investors have recently modified their holdings of the stock. Squarepoint Ops LLC raised its stake in Real REMAX Group by 187.3% during the second 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 in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Real REMAX Group during the second quarter worth approximately $680,000. Seven Six Capital Management LLC acquired a new stake in shares of Real REMAX Group during the first quarter worth approximately $1,290,000. Empowered Funds LLC grew its holdings in Real REMAX Group by 6.4% during the 1st quarter. Empowered Funds LLC now owns 181,253 shares of the company’s stock worth $1,044,000 after acquiring an additional 10,915 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in Real REMAX Group in the 1st quarter valued at about $861,000. 53.28% of the stock is currently owned by institutional investors.

Real REMAX Group Stock Down 7.5%

REAX stock opened at $15.85 on Thursday. Real REMAX Group has a 52 week low of $13.25 and a 52 week high of $45.00. The company has a market cap of $345.37 million, a price-to-earnings ratio of -22.64 and a beta of 0.80. The business has a fifty day simple moving average of $19.09 and a 200-day simple moving average of $19.68.

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

Real REMAX Group Company Profile

Real Brokerage Inc is a technology-powered residential real estate brokerage serving real estate agents and their clients in the United States and Canada. The company operates through a cloud-based model that enables agents to manage their businesses remotely while providing brokerage services for home buyers and sellers.

Real’s platform is designed to support key aspects of the real estate transaction process, including lead management, transaction coordination, document management, communication and collaboration.