reAlpha Tech’s (AIRE) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d-) rating on shares of reAlpha Tech (NASDAQ:AIRE) in a research report released on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently issued reports on AIRE. Maxim Group reaffirmed a “hold” rating on shares of reAlpha Tech in a research report on Monday, July 28th. Wall Street Zen downgraded reAlpha Tech to a “strong sell” rating in a research report on Saturday, September 13th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $1.25.

reAlpha Tech Price Performance

Shares of NASDAQ:AIRE opened at $0.46 on Wednesday. reAlpha Tech has a 52 week low of $0.14 and a 52 week high of $4.49. The firm has a 50 day moving average of $0.61 and a 200 day moving average of $0.56.

reAlpha Tech (NASDAQ:AIRE) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The business had revenue of $1.25 million during the quarter, compared to the consensus estimate of $1.20 million. reAlpha Tech had a negative return on equity of 213.07% and a negative net margin of 988.62%. Equities research analysts predict that reAlpha Tech will post -0.16 EPS for the current year.

Institutional Investors Weigh In On reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Two Sigma Investments LP purchased a new stake in reAlpha Tech Corp. (NASDAQ:AIRE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,679 shares of the company’s stock, valued at approximately $77,000. Two Sigma Investments LP owned about 0.06% of reAlpha Tech as of its most recent filing with the Securities and Exchange Commission (SEC). 1.02% of the stock is currently owned by institutional investors and hedge funds.

About reAlpha Tech

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.