reAlpha Tech (NASDAQ:AIRE) Rating Increased to Sell at Wall Street Zen

Wall Street Zen upgraded shares of reAlpha Tech (NASDAQ:AIRE) to a sell rating in a research note released on Saturday.

Separately, HC Wainwright reaffirmed a “buy” rating and set a $50.00 price target on shares of reAlpha Tech in a research note on Monday, February 23rd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $40.63.

reAlpha Tech Stock Performance

NASDAQ:AIRE opened at $3.28 on Friday. The company has a quick ratio of 2.70, a current ratio of 2.13 and a debt-to-equity ratio of 0.01. The company has a market cap of $17.58 million, a P/E ratio of -0.69 and a beta of -2.97. reAlpha Tech has a fifty-two week low of $2.90 and a fifty-two week high of $45.00. The firm’s 50 day moving average is $6.95 and its two-hundred day moving average is $10.20.

reAlpha Tech (NASDAQ:AIRE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.00) by $0.97. The company had revenue of $0.84 million for the quarter, compared to the consensus estimate of $1.28 million. reAlpha Tech had a negative net margin of 430.43% and a negative return on equity of 258.24%. Analysts expect that reAlpha Tech will post -2.75 EPS for the current year.

Hedge Funds Weigh In On reAlpha Tech

Hedge funds have recently made changes to their positions in the business. Scientech Research LLC purchased a new position in shares of reAlpha Tech in the 3rd quarter valued at $87,000. Virtu Financial LLC raised its stake in shares of reAlpha Tech by 484.4% in the 3rd quarter. Virtu Financial LLC now owns 114,150 shares of the company’s stock valued at $88,000 after acquiring an additional 94,616 shares during the period. State Street Corp raised its stake in shares of reAlpha Tech by 49.9% in the 4th quarter. State Street Corp now owns 242,650 shares of the company’s stock valued at $101,000 after acquiring an additional 80,800 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of reAlpha Tech by 120.4% in the 4th quarter. Geode Capital Management LLC now owns 941,337 shares of the company’s stock valued at $393,000 after acquiring an additional 514,306 shares during the period. Hedge funds and other institutional investors own 1.02% of the company’s stock.

reAlpha Tech Company Profile

reAlpha Tech (NASDAQ: AIRE) is a real estate technology company specializing in the acquisition, renovation, and management of single-family rental properties across the United States. The company leverages proprietary data analytics and machine-learning models to identify undervalued houses in high-potential neighborhoods. Once acquired, these properties undergo a standardized renovation process designed to maximize rental value and minimize maintenance expenses, after which they are added to reAlpha’s rental portfolio.

In addition to direct property ownership, reAlpha Tech offers a subscription-based investment platform that enables accredited and non-accredited investors to participate in fractional ownership of residential real estate assets.