Real Brokerage (NASDAQ:REAX – Get Free Report)‘s stock had its “buy” rating restated by research analysts at JonesTrading in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $40.00 price objective on the stock. JonesTrading’s price objective points to a potential upside of 132.42% from the stock’s previous close.
A number of other analysts also recently weighed in on REAX. Weiss Ratings upgraded shares of Real Brokerage from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 8th. Zelman & Associates upgraded Real Brokerage to an “outperform” rating in a research report on Friday, August 7th. Edward Jones reduced their price objective on Real Brokerage from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Wall Street Zen raised Real Brokerage to a “hold” rating in a research note on Saturday, September 5th. Finally, Zacks Research upgraded Real Brokerage from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.00.
View Our Latest Stock Report on REAX
Real Brokerage Stock Performance
Real Brokerage (NASDAQ:REAX – Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported ($0.30) earnings per share for the quarter. The business had revenue of $700.58 million during the quarter. Real Brokerage had a negative return on equity of 25.32% and a negative net margin of 0.72%. As a group, equities analysts predict that Real Brokerage will post -0.45 EPS for the current fiscal year.
Insider Activity at Real Brokerage
In related news, major shareholder David L. Liniger sold 52,876 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $19.12, for a total transaction of $1,010,989.12. Following the transaction, the insider directly owned 5,539,905 shares in the company, valued at approximately $105,922,983.60. This represents a 0.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 38.21% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the business. Squarepoint Ops LLC increased its position in shares of Real Brokerage by 187.3% during the second quarter. Squarepoint Ops LLC now owns 629,469 shares of the company’s stock worth $1,146,000 after acquiring an additional 410,364 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Real Brokerage in the second quarter valued at approximately $680,000. Whetstone Capital Advisors LLC bought a new position in Real Brokerage in the fourth quarter worth approximately $720,000. Hsbc Holdings PLC grew its stake in Real Brokerage by 110.9% in the first quarter. Hsbc Holdings PLC now owns 124,204 shares of the company’s stock worth $308,000 after purchasing an additional 65,311 shares in the last quarter. Finally, Corient Private Wealth LP purchased a new position in Real Brokerage during the 2nd quarter worth $100,000. Hedge funds and other institutional investors own 53.28% of the company’s stock.
Real Brokerage Company Profile
Real Brokerage Inc is a technology-powered residential real estate brokerage that operates through a cloud-based platform. The company provides real estate agents with tools and services for managing transactions, client relationships, marketing, education, and other aspects of their businesses.
Real’s platform is designed to support independent agents and teams while reducing the need for traditional physical office locations. Its business model combines brokerage services with technology, agent education, collaboration tools, and programs intended to promote agent retention and growth.
Founded in 2014, Real serves real estate professionals in the United States and Canada.
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