Real Brokerage (NASDAQ:REAX) Trading 4.8% Higher – What’s Next?

by · The Cerbat Gem

The Real Brokerage Inc. (NASDAQ:REAX – Get Free Report) shares rose 4.8% on Friday . The stock traded as high as $4.50 and last traded at $4.4750. Approximately 644,001 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 1,303,484 shares. The stock had previously closed at $4.27.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on REAX shares. Wall Street Zen downgraded shares of Real Brokerage from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. B. Riley restated a “buy” rating and set a $8.00 target price (up previously from $7.00) on shares of Real Brokerage in a research report on Friday, October 31st. Jones Trading reaffirmed a “buy” rating and issued a $5.00 price target on shares of Real Brokerage in a report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Real Brokerage in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Real Brokerage presently has an average rating of “Moderate Buy” and a consensus price target of $6.33.

View Our Latest Stock Report on Real Brokerage

Real Brokerage Trading Up 1.8%

The company has a market capitalization of $920.27 million, a PE ratio of -108.63 and a beta of 0.96. The firm has a fifty day moving average of $3.87 and a two-hundred day moving average of $4.23.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC purchased a new position in shares of Real Brokerage during the third quarter valued at approximately $25,000. Lido Advisors LLC bought a new position in Real Brokerage in the 3rd quarter worth $42,000. Inscription Capital LLC purchased a new stake in shares of Real Brokerage in the 3rd quarter worth about $44,000. Envestnet Asset Management Inc. bought a new stake in shares of Real Brokerage during the 2nd quarter valued at about $47,000. Finally, Quarry LP boosted its stake in shares of Real Brokerage by 1,615.9% during the 3rd quarter. Quarry LP now owns 11,256 shares of the company’s stock valued at $47,000 after purchasing an additional 10,600 shares in the last quarter. Institutional investors own 53.28% of the company’s stock.

Real Brokerage Company Profile

(Get Free Report)

The Real Brokerage Inc, together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It operates in three segments: North American Brokerage, Real Title, and One Real Mortgage. It offers brokerage, title, and mortgage broker services. The company is based in Miami, Florida.

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