reAlpha Tech (NASDAQ:AIRE) Posts Earnings Results, Beats Expectations By $0.25 EPS

reAlpha Tech (NASDAQ:AIRE) posted its quarterly earnings results on Tuesday, April 28th. The company reported ($0.75) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.00) by $0.25, FiscalAI reports. reAlpha Tech had a negative net margin of 430.43% and a negative return on equity of 258.24%. The firm had revenue of $0.84 million for the quarter, compared to analysts’ expectations of $1.28 million.

reAlpha Tech Stock Performance

Shares of reAlpha Tech stock traded up $0.02 on Wednesday, reaching $2.91. 134,917 shares of the company were exchanged, compared to its average volume of 108,408. The firm has a market cap of $15.60 million, a price-to-earnings ratio of -0.61 and a beta of -2.97. reAlpha Tech has a 1-year low of $2.81 and a 1-year high of $45.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.13 and a current ratio of 2.13. The company’s 50-day moving average is $6.86 and its two-hundred day moving average is $10.12.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AIRE. Wall Street Zen raised shares of reAlpha Tech to a “sell” rating in a research report on Saturday. HC Wainwright reissued a “buy” rating and issued a $50.00 price objective on shares of reAlpha Tech in a report on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, reAlpha Tech presently has an average rating of “Hold” and an average target price of $40.62.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC increased its holdings 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 worth $88,000 after acquiring an additional 94,616 shares during the period. Scientech Research LLC acquired a new position in reAlpha Tech during the 3rd quarter valued at about $87,000. Geode Capital Management LLC grew its position in reAlpha Tech by 120.4% in the 4th quarter. Geode Capital Management LLC now owns 941,337 shares of the company’s stock worth $393,000 after purchasing an additional 514,306 shares during the last quarter. Finally, State Street Corp grew its position in reAlpha Tech by 49.9% in the 4th quarter. State Street Corp now owns 242,650 shares of the company’s stock worth $101,000 after purchasing an additional 80,800 shares during the last quarter. 1.02% of the stock is currently owned by institutional investors.

About reAlpha Tech

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.