Real Brokerage (NASDAQ:REAX) Sees Unusually-High Trading Volume After Analyst Upgrade

The Real Brokerage Inc. (NASDAQ:REAX) saw unusually-strong trading volume on Tuesday after JonesTrading raised their price target on the stock from $4.00 to $40.00. JonesTrading currently has a buy rating on the stock. 260,677 shares were traded during trading, a decline of 19% from the previous session’s volume of 323,107 shares.The stock last traded at $25.4160 and had previously closed at $24.00.

A number of other equities research analysts also recently issued reports on REAX. B. Riley Financial restated a “buy” rating on shares of Real Brokerage in a research note on Friday, May 8th. Weiss Ratings upgraded shares of Real Brokerage from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. Zacks Research downgraded shares of Real Brokerage from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. BTIG Research restated a “buy” rating and set a $42.50 target price on shares of Real Brokerage in a research report on Monday, April 27th. Finally, Edward Jones reduced their target price on shares of Real Brokerage from $50.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $51.50.

Institutional Investors Weigh In On Real Brokerage

A number of institutional investors have recently bought and sold shares of REAX. Lido Advisors LLC bought a new stake in Real Brokerage during the third quarter valued at about $42,000. Xponance LLC purchased a new stake in shares of Real Brokerage during the fourth quarter worth about $38,000. Envestnet Asset Management Inc. purchased a new stake in shares of Real Brokerage during the second quarter worth about $47,000. Thrivent Financial for Lutherans bought a new stake in Real Brokerage during the 2nd quarter valued at approximately $50,000. Finally, Quarry LP raised its stake in Real Brokerage by 1,615.9% during the 3rd quarter. Quarry LP now owns 11,256 shares of the company’s stock valued at $47,000 after purchasing an additional 10,600 shares during the period. Hedge funds and other institutional investors own 53.28% of the company’s stock.

Real Brokerage Stock Performance

The company has a market capitalization of $579.40 million, a PE ratio of -37.99 and a beta of 0.78. The stock has a fifty day moving average of $20.67 and a 200 day moving average of $22.10.

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

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.