Real Brokerage (NASDAQ:REAX) Upgraded at Zacks Research

Real Brokerage (NASDAQ:REAX) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday, Zacks reports.

A number of other research analysts also recently weighed in on the stock. Edward Jones decreased their price objective on shares of Real Brokerage from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Weiss Ratings downgraded Real Brokerage from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 25th. Zelman & Associates upgraded Real Brokerage to an “outperform” rating in a research report on Friday, August 7th. BTIG Research reissued a “buy” rating and issued a $35.00 price target (up from $4.25) on shares of Real Brokerage in a research note on Thursday, August 27th. Finally, JonesTrading upped their price objective on shares of Real Brokerage from $4.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $50.00.

Real Brokerage Stock Up 10.8%

Shares of REAX stock opened at $20.69 on Monday. Real Brokerage has a 52-week low of $15.50 and a 52-week high of $52.50. The stock has a market cap of $450.92 million, a PE ratio of -29.56 and a beta of 0.79. The business has a 50-day simple moving average of $20.98 and a 200-day simple moving average of $21.53.

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

Hedge Funds Weigh In On Real Brokerage

A number of hedge funds have recently made changes to their positions in REAX. Lido Advisors LLC purchased a new position in shares of Real Brokerage in the third quarter valued at approximately $42,000. Xponance LLC acquired a new stake in Real Brokerage during the fourth quarter worth $38,000. Envestnet Asset Management Inc. acquired a new stake in shares of Real Brokerage during the 2nd quarter worth about $47,000. Thrivent Financial for Lutherans acquired a new stake in shares of Real Brokerage during the second quarter valued at about $50,000. Finally, Quarry LP increased its holdings in Real Brokerage by 1,615.9% in 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 last quarter. Institutional investors and hedge funds own 53.28% of the company’s stock.

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.