JonesTrading Increases Real Brokerage (NASDAQ:REAX) Price Target to $40.00

Real Brokerage (NASDAQ:REAX) had its target price lifted by stock analysts at JonesTrading from $4.00 to $40.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. JonesTrading’s target price indicates a potential upside of 40.70% from the company’s previous close.

Several other equities analysts have also commented on REAX. Weiss Ratings raised Real Brokerage from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. Zacks Research lowered shares of Real Brokerage from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. BTIG Research restated a “buy” rating and issued a $42.50 price objective on shares of Real Brokerage in a report on Monday, April 27th. B. Riley Financial reaffirmed a “buy” rating on shares of Real Brokerage in a research report on Friday, May 8th. Finally, Edward Jones lowered their target price on shares of Real Brokerage from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $51.50.

Real Brokerage Price Performance

REAX traded up $4.43 during trading hours on Tuesday, reaching $28.43. The company’s stock had a trading volume of 2,045,850 shares, compared to its average volume of 334,296. Real Brokerage has a fifty-two week low of $15.50 and a fifty-two week high of $54.05. The stock has a market cap of $6.20 billion, a PE ratio of -406.14 and a beta of 0.78. The business’s 50-day moving average is $2.03 and its 200-day moving average is $2.22.

Real Brokerage (NASDAQ:REAX) last posted its earnings results on Tuesday, June 30th. The company reported ($3.00) earnings per share (EPS) for the quarter. The business had revenue of $700.58 million for the quarter. Real Brokerage had a negative return on equity of 25.32% and a negative net margin of 0.72%. Analysts expect that Real Brokerage will post -0.05 EPS for the current year.

Hedge Funds Weigh In On Real Brokerage

Several hedge funds and other institutional investors have recently made changes to their positions in REAX. Principal Financial Group Inc. acquired a new position in shares of Real Brokerage during the first quarter worth about $29,000. Abel Hall LLC acquired a new stake in Real Brokerage in the first quarter valued at approximately $31,000. SmartHarvest Portfolios LLC acquired a new stake in Real Brokerage in the first quarter valued at approximately $38,000. Xponance LLC purchased a new position in Real Brokerage in the fourth quarter worth approximately $38,000. Finally, Hudson Bay Capital Management LP purchased a new position in Real Brokerage in the fourth quarter worth approximately $41,000. Hedge funds and other institutional investors own 53.28% of the company’s stock.

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.