Real Brokerage (NASDAQ:REAX) Hits New 1-Year Low – Should You Sell?
by Sarita Garza · The Markets DailyThe Real Brokerage Inc. (NASDAQ:REAX – Get Free Report) shares reached a new 52-week low on Tuesday . The stock traded as low as $3.40 and last traded at $3.4150, with a volume of 1127356 shares trading hands. The stock had previously closed at $3.59.
Analyst Ratings Changes
Several research analysts have commented on the stock. Jones Trading reissued a “buy” rating and set a $5.00 price objective on shares of Real Brokerage in a report on Wednesday, November 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Real Brokerage in a research note on Wednesday, October 8th. B. Riley restated a “buy” rating and set a $8.00 price target (up previously from $7.00) on shares of Real Brokerage in a report on Friday, October 31st. Finally, Wall Street Zen cut Real Brokerage from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.50.
View Our Latest Research Report on Real Brokerage
Real Brokerage Price Performance
The firm has a market capitalization of $773.07 million, a PE ratio of -91.25 and a beta of 0.96. The business has a 50-day simple moving average of $3.83 and a 200-day simple moving average of $4.19.
Hedge Funds Weigh In On Real Brokerage
Several large investors have recently bought and sold shares of REAX. XTX Topco Ltd increased its position in Real Brokerage by 424.9% in the 2nd quarter. XTX Topco Ltd now owns 222,469 shares of the company’s stock valued at $1,003,000 after acquiring an additional 180,086 shares during the period. Matauro LLC purchased a new position in Real Brokerage in the 3rd quarter valued at about $1,131,000. Apella Capital LLC acquired a new stake in shares of Real Brokerage during the second quarter worth $230,000. PDT Partners LLC increased its position in Real Brokerage by 180.8% during the first quarter. PDT Partners LLC now owns 146,778 shares of the company’s stock worth $596,000 after purchasing an additional 94,501 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in Real Brokerage by 33.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,036,363 shares of the company’s stock worth $4,208,000 after acquiring an additional 259,334 shares during the last quarter. 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.