reAlpha Tech (NASDAQ:AIRE) Research Coverage Started at Maxim Group

Research analysts at Maxim Group began coverage on shares of reAlpha Tech (NASDAQ:AIRE) in a report released on Friday, Marketbeat Ratings reports. The firm set a “buy” rating and a $3.00 price target on the stock. Maxim Group’s price objective indicates a potential upside of 172.73% from the stock’s previous close.

reAlpha Tech Price Performance

NASDAQ AIRE opened at $1.10 on Friday. The stock has a 50-day moving average of $1.25 and a 200 day moving average of $1.17. reAlpha Tech has a twelve month low of $0.53 and a twelve month high of $90.21.

reAlpha Tech (NASDAQ:AIRE) last announced its earnings results on Wednesday, August 14th. The company reported ($0.03) earnings per share for the quarter. reAlpha Tech had a negative return on equity of 11.94% and a negative net margin of 1,259.42%. The business had revenue of $0.06 million for the quarter.

Institutional Trading of reAlpha Tech

An institutional investor recently bought a new position in reAlpha Tech stock. Sequoia Financial Advisors LLC purchased a new position in shares of reAlpha Tech Corp. (NASDAQ:AIRE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 33,645 shares of the company’s stock, valued at approximately $32,000. Sequoia Financial Advisors LLC owned approximately 0.08% of reAlpha Tech as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 1.02% of the company’s stock.

reAlpha Tech Company Profile

reAlpha Tech Corp., a real estate technology company, commercializes artificial intelligence (AI)-powered technologies. The company operates in two segments, Platform Services and Rental Business. The company offers and develops AI-based products and services to customers in the real-estate industry.