The Real Brokerage Inc. (NASDAQ:REAX) Receives $51.50 Average Price Target from Analysts

The Real Brokerage Inc. (NASDAQ:REAXGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $50.00.

Several equities research analysts have recently commented on REAX shares. B. Riley Financial reissued a “buy” rating on shares of Real Brokerage in a report on Friday, May 8th. Zacks Research downgraded shares of Real Brokerage from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Weiss Ratings cut shares of Real Brokerage from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 25th. JonesTrading lifted their price objective on shares of Real Brokerage from $4.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, August 25th. Finally, Edward Jones lowered their price objective on shares of Real Brokerage from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th.

View Our Latest Report on REAX

Hedge Funds Weigh In On Real Brokerage

A number of institutional investors have recently bought and sold shares of the business. Lido Advisors LLC bought a new stake in Real Brokerage in the third quarter valued at approximately $42,000. Xponance LLC bought a new position in shares of Real Brokerage during the 4th quarter worth approximately $38,000. Envestnet Asset Management Inc. bought a new position in shares of Real Brokerage during the 2nd quarter worth approximately $47,000. Thrivent Financial for Lutherans acquired a new position in shares of Real Brokerage during the 2nd quarter worth approximately $50,000. Finally, Quarry LP increased its holdings in shares of Real Brokerage by 1,615.9% during the 3rd quarter. Quarry LP now owns 11,256 shares of the company’s stock worth $47,000 after acquiring an additional 10,600 shares during the last quarter. Institutional investors and hedge funds own 53.28% of the company’s stock.

Real Brokerage Stock Performance

REAX opened at $18.07 on Wednesday. Real Brokerage has a 52-week low of $15.50 and a 52-week high of $54.05. The firm has a market capitalization of $393.75 million, a PE ratio of -25.81 and a beta of 0.79. The business’s 50-day simple moving average is $20.90 and its 200 day simple moving average is $21.80.

Real Brokerage (NASDAQ:REAXGet Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The company reported ($0.30) EPS for the quarter. The company had revenue of $700.58 million for the quarter. Real Brokerage had a negative net margin of 0.72% and a negative return on equity of 25.32%. On average, research analysts forecast that Real Brokerage will post -0.45 earnings per share for the current year.

About Real Brokerage

(Get Free Report)

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.

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Analyst Recommendations for Real Brokerage (NASDAQ:REAX)

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