Real Brokerage (NASDAQ:REAX) Research Coverage Started at Benchmark

Benchmark assumed coverage on shares of Real Brokerage (NASDAQ:REAX) in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage issued a buy rating and a $5.50 price target on the stock.

REAX has been the subject of a number of other reports. JonesTrading reiterated a “buy” rating and set a $5.00 price objective on shares of Real Brokerage in a report on Wednesday, March 4th. Zelman & Associates reaffirmed a “neutral” rating on shares of Real Brokerage in a research report on Thursday, March 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Real Brokerage in a research note on Thursday, January 22nd. Freedom Capital raised Real Brokerage to a “strong-buy” rating in a report on Friday, January 23rd. Finally, William Blair reissued an “outperform” rating on shares of Real Brokerage in a research note on Wednesday, March 4th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Real Brokerage currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.75.

Real Brokerage Stock Down 0.4%

Shares of REAX opened at $2.40 on Thursday. The business’s fifty day moving average is $2.87 and its 200 day moving average is $3.62. Real Brokerage has a 12-month low of $2.31 and a 12-month high of $5.41. The stock has a market cap of $508.32 million, a P/E ratio of -80.00 and a beta of 1.01.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings results on Thursday, March 5th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Real Brokerage had a negative net margin of 0.41% and a negative return on equity of 17.37%. The business had revenue of $505.14 million during the quarter, compared to analyst estimates of $477.98 million. On average, analysts expect that Real Brokerage will post -0.1 EPS for the current year.

Hedge Funds Weigh In On Real Brokerage

Several institutional investors have recently modified their holdings of REAX. Portolan Capital Management LLC lifted its holdings in Real Brokerage by 190.5% during the third quarter. Portolan Capital Management LLC now owns 5,769,203 shares of the company’s stock worth $24,115,000 after acquiring an additional 3,783,281 shares during the period. Ophir Asset Management Pty Ltd boosted its position in Real Brokerage by 24.9% in the fourth quarter. Ophir Asset Management Pty Ltd now owns 3,952,949 shares of the company’s stock worth $14,428,000 after purchasing an additional 787,330 shares during the last quarter. Renaissance Technologies LLC grew its stake in Real Brokerage by 7.2% in the 4th quarter. Renaissance Technologies LLC now owns 2,128,900 shares of the company’s stock valued at $7,770,000 after purchasing an additional 143,100 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Real Brokerage by 310.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,127,804 shares of the company’s stock valued at $8,894,000 after purchasing an additional 1,608,941 shares during the last quarter. Finally, Nuveen LLC increased its position in shares of Real Brokerage by 104.5% during the 4th quarter. Nuveen LLC now owns 2,071,744 shares of the company’s stock valued at $7,562,000 after purchasing an additional 1,058,670 shares during the last quarter. 53.28% of the stock is owned by institutional investors.

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.