Real Brokerage (NASDAQ:REAX) Hits New 1-Year Low – Time to Sell?

The Real Brokerage Inc. (NASDAQ:REAX) reached a new 52-week low during trading on Wednesday . The company traded as low as $3.01 and last traded at $3.04, with a volume of 334573 shares changing hands. The stock had previously closed at $3.14.

Analysts Set New Price Targets

REAX has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Real Brokerage in a research report on Thursday, January 22nd. Wall Street Zen downgraded shares of Real Brokerage from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Freedom Capital upgraded Real Brokerage to a “strong-buy” rating in a report on Friday, January 23rd. B. Riley Financial reiterated a “buy” rating and issued a $8.00 price target (up from $7.00) on shares of Real Brokerage in a report on Friday, October 31st. Finally, Jones Trading reissued a “buy” rating and issued a $5.00 price target on shares of Real Brokerage in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $6.50.

Real Brokerage Stock Performance

The stock has a 50 day moving average of $3.74 and a 200-day moving average of $4.09. The company has a market cap of $630.11 million, a PE ratio of -74.63 and a beta of 0.97.

Hedge Funds Weigh In On Real Brokerage

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