Analysts Set The Real Brokerage Inc. (NASDAQ:REAX) PT at $5.69

The Real Brokerage Inc. (NASDAQ:REAX) has been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the stock, MarketBeat.com reports. One 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 analysts that have issued a report on the stock in the last year is $5.6875.

Several research analysts have issued reports on the stock. JonesTrading restated a “buy” rating and issued a $5.00 price target on shares of Real Brokerage in a research report on Monday, April 27th. BTIG Research reissued a “buy” rating and issued a $4.25 price target on shares of Real Brokerage in a research note on Monday, April 27th. Zelman & Associates reissued a “neutral” rating on shares of Real Brokerage in a research note on Thursday, March 5th. Benchmark initiated coverage on Real Brokerage in a research note on Thursday, March 26th. They issued a “buy” rating and a $5.50 price target on the stock. Finally, Weiss Ratings cut Real Brokerage from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th.

Hedge Funds Weigh In On Real Brokerage

Institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. purchased a new position in Real Brokerage during the 1st quarter worth approximately $29,000. Abel Hall LLC purchased a new position in Real Brokerage during the 1st quarter worth approximately $31,000. SmartHarvest Portfolios LLC purchased a new position in Real Brokerage during the 1st quarter worth approximately $38,000. Xponance LLC purchased a new position in Real Brokerage during the 4th quarter worth approximately $38,000. Finally, Hudson Bay Capital Management LP purchased a new position in Real Brokerage during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 53.28% of the company’s stock.

Real Brokerage Stock Up 2.9%

NASDAQ:REAX opened at $1.76 on Friday. The firm has a market cap of $375.76 million, a P/E ratio of -58.67 and a beta of 0.74. Real Brokerage has a 52-week low of $1.55 and a 52-week high of $5.41. The business’s 50-day moving average price is $2.02 and its 200 day moving average price is $2.80.

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