Real REMAX Group Inc (NASDAQ:REAX) Stock Has Average Target Price of $37.62

Real REMAX Group Inc (NASDAQ:REAX) has been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $37.62.

Several research firms have recently issued reports on REAX. 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. Compass Point set a $40.00 target price on Real REMAX Group in a report on Wednesday, October 14th. Zacks Research raised Real REMAX Group from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Edward Jones cut their price objective on Real REMAX Group from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, JonesTrading cut their price objective on Real REMAX Group from $40.00 to $25.75 and set a “buy” rating on the stock in a research report on Thursday, November 5th.

Real REMAX Group Price Performance

Shares of REAX opened at $10.70 on Monday. The business’s fifty day moving average is $15.90 and its 200 day moving average is $20.89. Real REMAX Group has a 12-month low of $10.35 and a 12-month high of $45.00. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 1.24. The stock has a market cap of $405.96 million, a P/E ratio of -3.63 and a beta of 0.83.

Insider Activity at Real REMAX Group

In other news, major shareholder David L. Liniger sold 52,876 shares of Real REMAX Group 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. The trade was a 0.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 38.21% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its position in shares of Real REMAX Group by 121.8% during the 3rd quarter. Allworth Financial LP now owns 5,305 shares of the company’s stock valued at $87,000 after acquiring an additional 2,913 shares during the last quarter. Principal Financial Group Inc. bought a new position in Real REMAX Group in the first quarter valued at $29,000. Abel Hall LLC bought a new position in shares of Real REMAX Group during the 1st quarter valued at about $31,000. Public Employees Retirement System of Ohio raised its holdings in shares of Real REMAX Group by 28.5% during the 1st 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 in the last quarter. Finally, Engineers Gate Manager LP lifted its position in Real REMAX Group by 29.3% in the 2nd 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 during 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.