Real Brokerage (NASDAQ:REAX) Shares Up 3.8%

The Real Brokerage Inc. (NASDAQ:REAX) shares were up 3.8% during mid-day trading on Tuesday . The stock traded as high as $3.86 and last traded at $3.85. Approximately 151,047 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 540,292 shares. The stock had previously closed at $3.71.

Wall Street Analyst Weigh In

REAX has been the subject of several analyst reports. Jonestrading reissued a “buy” rating and set a $4.00 price target on shares of Real Brokerage in a research report on Monday, April 8th. Roth Mkm upped their price objective on Real Brokerage from $2.75 to $3.50 and gave the company a “buy” rating in a research report on Thursday, January 18th.

Real Brokerage Price Performance

The stock’s 50-day simple moving average is $3.32 and its two-hundred day simple moving average is $2.37.

Real Brokerage (NASDAQ:REAX) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Real Brokerage had a negative net margin of 3.99% and a negative return on equity of 105.23%. The company had revenue of $181.34 million for the quarter, compared to the consensus estimate of $161.37 million. On average, sell-side analysts anticipate that The Real Brokerage Inc. will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Real Brokerage stock. Searcy Financial Services Inc. ADV purchased a new stake in shares of The Real Brokerage Inc. (NASDAQ:REAX) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 11,714 shares of the company’s stock, valued at approximately $37,000. Real Brokerage makes up 0.0% of Searcy Financial Services Inc. ADV’s holdings, making the stock its 26th biggest holding. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

Real Brokerage Company Profile

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.