B. Riley Upgrades Real Brokerage (NASDAQ:REAX) to Strong-Buy

Real Brokerage (NASDAQ:REAX) was upgraded by research analysts at B. Riley to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Separately, Jones Trading reissued a “buy” rating and issued a $6.00 price target on shares of Real Brokerage in a research note on Thursday, March 6th.

Real Brokerage Price Performance

NASDAQ:REAX opened at $4.29 on Tuesday. The company has a market capitalization of $848.35 million, a price-to-earnings ratio of -61.29 and a beta of 1.04. The business has a 50 day moving average of $4.28 and a 200 day moving average of $4.56. Real Brokerage has a 1-year low of $3.55 and a 1-year high of $6.75.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. Real Brokerage had a negative net margin of 1.09% and a negative return on equity of 49.13%. The firm had revenue of $353.98 million during the quarter, compared to analyst estimates of $332.92 million. As a group, sell-side analysts anticipate that Real Brokerage will post -0.1 EPS for the current year.

Real Brokerage declared that its Board of Directors has approved a share buyback program on Friday, May 30th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 17.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Real Brokerage

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Aquatic Capital Management LLC bought a new position in shares of Real Brokerage in the fourth quarter worth approximately $25,000. New York State Teachers Retirement System purchased a new stake in Real Brokerage during the 1st quarter valued at $37,000. Diversified Trust Co bought a new stake in Real Brokerage in the 1st quarter worth $47,000. Oxford Asset Management LLP purchased a new position in shares of Real Brokerage in the fourth quarter valued at about $49,000. Finally, Golden State Wealth Management LLC raised its stake in shares of Real Brokerage by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 12,000 shares of the company’s stock valued at $49,000 after acquiring an additional 6,000 shares during the last quarter. Institutional investors own 53.28% of the company’s stock.

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.