Real Brokerage (NASDAQ:REAX) Shares Up 4.2%

Shares of The Real Brokerage Inc. (NASDAQ:REAX) shot up 4.2% during mid-day trading on Friday . The company traded as high as $3.48 and last traded at $3.48. 57,384 shares traded hands during trading, a decline of 89% from the average session volume of 540,794 shares. The stock had previously closed at $3.34.

Analyst Ratings Changes

A number of brokerages have issued reports on REAX. Roth Mkm increased their price target on Real Brokerage from $2.75 to $3.50 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Jonestrading reiterated a “buy” rating and set a $4.00 price target on shares of Real Brokerage in a research report on Monday, April 8th.

Real Brokerage Price Performance

The firm has a fifty day moving average of $3.22 and a 200 day moving average of $2.26.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The company had revenue of $181.34 million during the quarter, compared to analysts’ expectations of $161.37 million. Real Brokerage had a negative net margin of 3.99% and a negative return on equity of 105.23%. Research analysts forecast that The Real Brokerage Inc. will post -0.12 EPS for the current year.

Hedge Funds Weigh In On Real Brokerage

Several large investors have recently made changes to their positions in REAX. LPL Financial LLC acquired a new position in shares of Real Brokerage in the 2nd quarter worth approximately $29,000. Steward Partners Investment Advisory LLC increased its stake in Real Brokerage by 33.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 20,000 shares of the company’s stock worth $32,000 after buying an additional 5,000 shares during the period. Wells Fargo & Company MN increased its stake in Real Brokerage by 58.3% during the 2nd quarter. Wells Fargo & Company MN now owns 19,000 shares of the company’s stock worth $36,000 after buying an additional 7,000 shares during the period. Searcy Financial Services Inc. ADV purchased a new stake in shares of Real Brokerage in the 1st quarter valued at approximately $37,000. Finally, Geode Capital Management LLC increased its position in shares of Real Brokerage by 19.6% in the 2nd quarter. Geode Capital Management LLC now owns 52,118 shares of the company’s stock valued at $99,000 after purchasing an additional 8,527 shares during the last quarter. 53.28% of the stock is currently owned by institutional investors and hedge funds.

About Real Brokerage

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.