The Real Brokerage Inc. (NASDAQ:REAX) Receives $5.69 Consensus Price Target from Brokerages

The Real Brokerage Inc. (NASDAQ:REAX) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $5.6875.

REAX has been the topic of several research reports. B. Riley Financial reaffirmed a “buy” rating on shares of Real Brokerage in a research report on Friday, May 8th. Weiss Ratings raised Real Brokerage from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Benchmark initiated coverage on Real Brokerage in a research report on Thursday, March 26th. They set a “buy” rating and a $5.50 price objective on the stock. BTIG Research reaffirmed a “buy” rating and set a $4.25 price objective on shares of Real Brokerage in a research report on Monday, April 27th. Finally, Zelman & Associates reaffirmed a “neutral” rating on shares of Real Brokerage in a research report on Thursday, March 5th.

Institutional Trading of Real Brokerage

Several large investors have recently bought and sold shares of REAX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Real Brokerage by 6.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,673 shares of the company’s stock valued at $246,000 after acquiring an additional 3,746 shares in the last quarter. NewEdge Advisors LLC boosted its position in Real Brokerage by 628.0% during the 1st quarter. NewEdge Advisors LLC now owns 75,089 shares of the company’s stock valued at $305,000 after acquiring an additional 64,775 shares in the last quarter. Jane Street Group LLC boosted its position in Real Brokerage by 568.3% during the 1st quarter. Jane Street Group LLC now owns 129,153 shares of the company’s stock valued at $524,000 after acquiring an additional 109,826 shares in the last quarter. Strs Ohio bought a new stake in Real Brokerage during the 1st quarter valued at approximately $72,000. Finally, Envestnet Asset Management Inc. bought a new stake in Real Brokerage during the 2nd quarter valued at approximately $47,000. 53.28% of the stock is owned by institutional investors.

Real Brokerage Price Performance

Shares of NASDAQ:REAX opened at $1.78 on Monday. Real Brokerage has a 1 year low of $1.63 and a 1 year high of $5.41. The company has a market cap of $380.03 million, a PE ratio of -59.33 and a beta of 0.81. The stock’s 50-day moving average is $2.30 and its 200 day moving average is $3.08.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings results on Tuesday, March 31st. The company reported ($0.02) earnings per share (EPS) for the quarter. Real Brokerage had a negative net margin of 0.32% and a negative return on equity of 11.37%. The business had revenue of $465.55 million for the quarter. Analysts expect that Real Brokerage will post -0.01 EPS for the current fiscal year.

About Real Brokerage

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.