Real Brokerage (NASDAQ:REAX) Stock Rating Lowered by Wall Street Zen

Real Brokerage (NASDAQ:REAX) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Other analysts also recently issued research reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Real Brokerage in a research note on Wednesday, October 8th. B. Riley initiated coverage on Real Brokerage in a report on Wednesday, June 25th. They set a “buy” rating and a $7.00 price target for the company. Finally, Jones Trading restated a “buy” rating and issued a $6.00 price objective on shares of Real Brokerage in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $6.33.

Real Brokerage Trading Up 0.5%

NASDAQ:REAX opened at $3.71 on Friday. The firm has a market capitalization of $733.65 million, a PE ratio of -74.20 and a beta of 0.98. Real Brokerage has a 1 year low of $3.59 and a 1 year high of $6.61. The firm’s fifty day simple moving average is $4.63 and its 200 day simple moving average is $4.38.

Real Brokerage (NASDAQ:REAX) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $540.75 million during the quarter, compared to analysts’ expectations of $510.58 million. Real Brokerage had a negative net margin of 0.78% and a negative return on equity of 35.33%. As a group, analysts anticipate that Real Brokerage will post -0.1 EPS for the current fiscal year.

Institutional Trading of Real Brokerage

Institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC bought a new position in Real Brokerage in the third quarter worth $25,000. New York State Teachers Retirement System bought a new position in shares of Real Brokerage during the 1st quarter worth about $37,000. Diversified Trust Co acquired a new stake in shares of Real Brokerage during the 1st quarter valued at about $47,000. Envestnet Asset Management Inc. acquired a new stake in shares of Real Brokerage during the 2nd quarter valued at about $47,000. Finally, Golden State Wealth Management LLC increased its stake in Real Brokerage by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 12,000 shares of the company’s stock valued at $49,000 after acquiring an additional 6,000 shares during the period. Institutional investors and hedge funds own 53.28% of the company’s stock.

Real Brokerage Company Profile

The Real Brokerage Inc, together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It operates in three segments: North American Brokerage, Real Title, and One Real Mortgage. It offers brokerage, title, and mortgage broker services. The company is based in Miami, Florida.