Real Brokerage (NASDAQ:REAX) Given “Buy” Rating at BTIG Research

BTIG Research reiterated their buy rating on shares of Real Brokerage (NASDAQ:REAX) in a research note issued to investors on Wednesday morning, Marketbeat reports. BTIG Research currently has a $4.25 target price on the stock, down from their prior target price of $4.50.

Several other equities analysts also recently commented on the company. Zelman & Associates reiterated a “neutral” rating on shares of Real Brokerage in a research report on Thursday, March 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Real Brokerage in a research report on Thursday, January 22nd. JonesTrading restated a “buy” rating and set a $5.00 price objective on shares of Real Brokerage in a research report on Wednesday, March 4th. Freedom Capital upgraded Real Brokerage to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, Benchmark assumed coverage on Real Brokerage in a research report on Thursday, March 26th. They set a “buy” rating and a $5.50 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $5.69.

Real Brokerage Trading Up 1.6%

Real Brokerage stock opened at $2.61 on Wednesday. The company has a market capitalization of $552.80 million, a PE ratio of -87.00 and a beta of 1.02. Real Brokerage has a 12 month low of $2.31 and a 12 month high of $5.41. The stock has a 50-day moving average price of $2.59 and a two-hundred day moving average price of $3.40.

Real Brokerage (NASDAQ:REAX) last posted its earnings results on Thursday, March 5th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. The firm had revenue of $505.14 million during the quarter, compared to the consensus estimate of $477.98 million. Real Brokerage had a negative return on equity of 17.37% and a negative net margin of 0.41%. As a group, analysts predict that Real Brokerage will post -0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Real Brokerage

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in Real Brokerage by 37.3% in the third quarter. JPMorgan Chase & Co. now owns 1,833,629 shares of the company’s stock worth $7,665,000 after purchasing an additional 498,536 shares in the last quarter. Matauro LLC bought a new stake in Real Brokerage in the third quarter worth approximately $1,131,000. Portolan Capital Management LLC increased its holdings in Real Brokerage by 190.5% in the third quarter. Portolan Capital Management LLC now owns 5,769,203 shares of the company’s stock worth $24,115,000 after purchasing an additional 3,783,281 shares in the last quarter. R Squared Ltd bought a new stake in Real Brokerage in the third quarter worth approximately $51,000. Finally, GSA Capital Partners LLP bought a new stake in Real Brokerage in the third quarter worth approximately $443,000. 53.28% of the stock is currently owned by institutional investors.

Real Brokerage Company Profile

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.