Real Brokerage (NASDAQ:REAX) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Real Brokerage (NASDAQ:REAX) to a hold rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Other research analysts have also issued reports about the stock. Edward Jones decreased their target price on shares of Real Brokerage from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. B. Riley Financial restated a “buy” rating on shares of Real Brokerage in a research report on Friday, May 8th. Zelman & Associates upgraded Real Brokerage to an “outperform” rating in a research report on Friday, August 7th. Weiss Ratings cut Real Brokerage from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 25th. Finally, BTIG Research reiterated a “buy” rating and set a $35.00 price objective (up from $4.25) on shares of Real Brokerage in a research report on Thursday, August 27th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.00.

Real Brokerage Stock Up 1.5%

Shares of NASDAQ REAX opened at $18.67 on Friday. The firm has a 50-day simple moving average of $20.93 and a 200-day simple moving average of $21.66. The stock has a market capitalization of $406.82 million, a price-to-earnings ratio of -26.67 and a beta of 0.79. Real Brokerage has a 52 week low of $15.50 and a 52 week high of $54.05.

Real Brokerage (NASDAQ:REAX) last posted its quarterly earnings results on Tuesday, June 30th. The company reported ($0.30) earnings per share for the quarter. Real Brokerage had a negative return on equity of 25.32% and a negative net margin of 0.72%.The business had revenue of $700.58 million during the quarter. As a group, equities research analysts expect that Real Brokerage will post -0.45 EPS for the current year.

Hedge Funds Weigh In On Real Brokerage

A number of institutional investors have recently bought and sold shares of REAX. Principal Financial Group Inc. purchased a new stake in shares of Real Brokerage in the 1st quarter valued at approximately $29,000. Abel Hall LLC purchased a new stake in shares of Real Brokerage during the 1st quarter valued at approximately $31,000. SmartHarvest Portfolios LLC purchased a new stake in shares of Real Brokerage during the 1st quarter valued at approximately $38,000. Xponance LLC acquired a new position in Real Brokerage in the fourth quarter valued at approximately $38,000. Finally, Hudson Bay Capital Management LP acquired a new position in Real Brokerage in the fourth quarter valued at approximately $41,000. 53.28% of the stock is owned by hedge funds and other institutional investors.

Real Brokerage Company Profile

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.