Real Brokerage (NASDAQ:REAX) Hits New 12-Month Low – What’s Next?

The Real Brokerage Inc. (NASDAQ:REAX) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $3.01 and last traded at $3.04, with a volume of 334573 shares trading hands. The stock had previously closed at $3.14.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Freedom Capital raised Real Brokerage to a “strong-buy” rating in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Real Brokerage in a research note on Thursday, January 22nd. Jones Trading reissued a “buy” rating and set a $5.00 target price on shares of Real Brokerage in a research note on Wednesday, November 5th. Wall Street Zen cut shares of Real Brokerage from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, B. Riley Financial reiterated a “buy” rating and set a $8.00 price target (up from $7.00) on shares of Real Brokerage in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Real Brokerage presently has an average rating of “Moderate Buy” and a consensus price target of $6.50.

Real Brokerage Stock Up 2.6%

The stock’s 50 day moving average price is $3.70 and its 200-day moving average price is $4.07. The stock has a market capitalization of $576.10 million, a PE ratio of -68.00 and a beta of 0.97.

Institutional Trading of Real Brokerage

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hudson Bay Capital Management LP bought a new stake in shares of Real Brokerage in the 4th quarter valued at about $41,000. Jacobs Levy Equity Management Inc. boosted its position in Real Brokerage by 47.2% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,910,311 shares of the company’s stock valued at $6,973,000 after acquiring an additional 612,291 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Real Brokerage by 22.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 326,602 shares of the company’s stock valued at $1,192,000 after acquiring an additional 59,160 shares during the period. State Street Corp raised its position in shares of Real Brokerage by 7.5% in the 4th quarter. State Street Corp now owns 1,810,737 shares of the company’s stock worth $6,609,000 after acquiring an additional 125,565 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Real Brokerage by 79.8% during the 4th quarter. Wells Fargo & Company MN now owns 179,625 shares of the company’s stock worth $656,000 after purchasing an additional 79,728 shares during the last quarter. Hedge funds and other institutional investors 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.