Real REMAX Group (NASDAQ:REAX) Stock Picked Up by Analysts at Citizens Jmp

Stock analysts at Citizens Jmp initiated coverage on shares of Real REMAX Group (NASDAQ:REAX) in a report issued on Wednesday, Benzinga reports. The brokerage set a “market outperform” rating and a $40.00 price target on the stock. Citizens Jmp’s price target suggests a potential upside of 184.90% from the stock’s previous close.

Several other equities research analysts have also commented on REAX. JonesTrading restated a “buy” rating and issued a $40.00 price objective on shares of Real REMAX Group in a research report on Tuesday, September 22nd. Compass Point set a $40.00 target price on shares of Real REMAX Group in a report on Wednesday. Zacks Research upgraded shares of Real REMAX Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Edward Jones lowered their price target on shares of Real REMAX Group from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, Weiss Ratings raised shares of Real REMAX Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Real REMAX Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.14.

Real REMAX Group Stock Down 0.1%

Shares of REAX stock opened at $14.04 on Wednesday. Real REMAX Group has a 52-week low of $13.99 and a 52-week high of $45.00. The stock has a market cap of $305.93 million, a PE ratio of -20.06 and a beta of 0.80. The business has a 50-day simple moving average of $19.74 and a 200-day simple moving average of $20.06.

Real REMAX Group (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 REMAX Group had a negative return on equity of 25.32% and a negative net margin of 0.72%. Sell-side analysts anticipate that Real REMAX Group will post -0.45 earnings per share for the current fiscal year.

Insider Activity at Real REMAX Group

In related news, major shareholder David L. Liniger sold 52,876 shares of Real REMAX Group stock in a transaction dated 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 owned 5,539,905 shares in the company, valued at $105,922,983.60. The trade was a 0.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 38.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Real REMAX Group

Hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. boosted its stake in Real REMAX Group by 9.3% during the 1st quarter. Meeder Asset Management Inc. now owns 31,707 shares of the company’s stock worth $183,000 after purchasing an additional 2,700 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Real REMAX Group by 19.9% in the first quarter. SG Americas Securities LLC now owns 18,244 shares of the company’s stock valued at $105,000 after buying an additional 3,032 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Real REMAX Group by 28.5% in the first quarter. Public Employees Retirement System of Ohio now owns 14,434 shares of the company’s stock valued at $83,000 after buying an additional 3,200 shares during the last quarter. Engineers Gate Manager LP lifted its stake in shares of Real REMAX Group by 29.3% in the second quarter. Engineers Gate Manager LP now owns 15,595 shares of the company’s stock worth $154,000 after buying an additional 3,530 shares in the last quarter. Finally, State of Wyoming lifted its stake in shares of Real REMAX Group by 5.8% in the first quarter. State of Wyoming now owns 125,939 shares of the company’s stock worth $315,000 after buying an additional 6,950 shares in the last quarter. Hedge funds and other institutional investors own 53.28% of the company’s stock.

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.