reAlpha Tech (NASDAQ:AIRE) Issues Quarterly Earnings Results

reAlpha Tech (NASDAQ:AIREGet Free Report) announced its quarterly earnings results on Friday. The company reported ($0.57) earnings per share for the quarter, beating the consensus estimate of ($0.75) by $0.18, FiscalAI reports. The firm had revenue of $1.11 million for the quarter, compared to analysts’ expectations of $3.10 million. reAlpha Tech had a negative return on equity of 258.24% and a negative net margin of 430.43%.

reAlpha Tech Price Performance

Shares of NASDAQ:AIRE opened at $1.63 on Friday. The company’s fifty day moving average price is $1.75 and its 200-day moving average price is $4.61. The firm has a market capitalization of $8.74 million, a price-to-earnings ratio of -0.49 and a beta of -2.69. reAlpha Tech has a one year low of $1.25 and a one year high of $45.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.13 and a quick ratio of 2.13.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC increased its stake in reAlpha Tech by 56.1% in the fourth quarter. Virtu Financial LLC now owns 178,189 shares of the company’s stock valued at $74,000 after acquiring an additional 64,039 shares during the last quarter. State Street Corp lifted its stake in reAlpha Tech by 49.9% during the fourth quarter. State Street Corp now owns 242,650 shares of the company’s stock worth $101,000 after purchasing an additional 80,800 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of reAlpha Tech by 120.4% in the 4th quarter. Geode Capital Management LLC now owns 941,337 shares of the company’s stock worth $393,000 after purchasing an additional 514,306 shares in the last quarter. Finally, Scientech Research LLC purchased a new position in shares of reAlpha Tech in the 3rd quarter worth about $87,000. 1.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on AIRE shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of reAlpha Tech in a report on Tuesday, July 14th. Wall Street Zen raised shares of reAlpha Tech to a “sell” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $50.00.

Check Out Our Latest Research Report on reAlpha Tech

About reAlpha Tech

(Get Free Report)

reAlpha Tech (NASDAQ: AIRE) is a real estate technology company specializing in the acquisition, renovation, and management of single-family rental properties across the United States. The company leverages proprietary data analytics and machine-learning models to identify undervalued houses in high-potential neighborhoods. Once acquired, these properties undergo a standardized renovation process designed to maximize rental value and minimize maintenance expenses, after which they are added to reAlpha’s rental portfolio.

In addition to direct property ownership, reAlpha Tech offers a subscription-based investment platform that enables accredited and non-accredited investors to participate in fractional ownership of residential real estate assets.

See Also

Earnings History for reAlpha Tech (NASDAQ:AIRE)

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