The Real Brokerage Inc. (NASDAQ:REAX) Stock Has Average Price Target of $50.00

by · The Markets Daily

The Real Brokerage Inc. (NASDAQ:REAX – Get Free Report) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $50.00.

REAX has been the topic of several recent research reports. Wall Street Zen upgraded shares of Real Brokerage to a “hold” rating in a research report on Saturday, September 5th. Zacks Research upgraded Real Brokerage from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. BTIG Research reissued a “buy” rating and set a $35.00 price objective (up from $4.25) on shares of Real Brokerage in a research note on Thursday, August 27th. JonesTrading restated a “buy” rating and issued a $40.00 target price on shares of Real Brokerage in a report on Tuesday, September 22nd. Finally, Zelman & Associates upgraded Real Brokerage to an “outperform” rating in a report on Friday, August 7th.

View Our Latest Stock Analysis on REAX

Insider Buying and Selling at Real Brokerage

In related news, major shareholder David L. Liniger sold 52,876 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $19.12, for a total value of $1,010,989.12. Following the completion of the transaction, the insider owned 5,539,905 shares in the company, valued at $105,922,983.60. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 38.21% of the stock is owned by company insiders.

Institutional Trading of Real Brokerage

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC lifted its stake in Real Brokerage by 187.3% during the second quarter. Squarepoint Ops LLC now owns 629,469 shares of the company’s stock valued at $1,146,000 after buying an additional 410,364 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Real Brokerage in the second quarter worth approximately $680,000. GSA Capital Partners LLP raised its holdings in shares of Real Brokerage by 123.2% during the fourth quarter. GSA Capital Partners LLP now owns 236,708 shares of the company’s stock valued at $864,000 after acquiring an additional 130,653 shares during the period. Whetstone Capital Advisors LLC acquired a new stake in shares of Real Brokerage during the fourth quarter valued at approximately $720,000. Finally, State of Wyoming lifted its position in shares of Real Brokerage by 5.8% in the 1st quarter. State of Wyoming now owns 125,939 shares of the company’s stock valued at $315,000 after acquiring an additional 6,950 shares in the last quarter. Institutional investors and hedge funds own 53.28% of the company’s stock.

Real Brokerage Price Performance

Shares of REAX opened at $16.43 on Friday. The firm’s 50 day moving average is $20.10 and its 200-day moving average is $20.78. The stock has a market capitalization of $358.01 million, a P/E ratio of -23.47 and a beta of 0.79. Real Brokerage has a 12-month low of $14.26 and a 12-month high of $46.30.

Real Brokerage (NASDAQ:REAX – Get Free Report) last released its earnings results on Tuesday, June 30th. The company reported ($0.30) EPS 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 forecast that Real Brokerage will post -0.45 EPS for the current fiscal year.

Real Brokerage Company Profile

(Get Free Report)

Real Brokerage Inc is a technology-powered residential real estate brokerage that operates through a cloud-based platform. The company provides real estate agents with tools and services for managing transactions, client relationships, marketing, education, and other aspects of their businesses.

Real’s platform is designed to support independent agents and teams while reducing the need for traditional physical office locations. Its business model combines brokerage services with technology, agent education, collaboration tools, and programs intended to promote agent retention and growth.

Founded in 2014, Real serves real estate professionals in the United States and Canada.

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