Real Brokerage (NASDAQ:REAX) Stock to Reverse Split on Tuesday, August 25th

The Real Brokerage Inc. (NASDAQ:REAXFree Report) shares are set to reverse split before the market opens on Tuesday, August 25th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, August 24th.

Real Brokerage Stock Down 4.0%

Shares of Real Brokerage stock traded down $0.11 on Friday, reaching $2.64. 7,428,665 shares of the company were exchanged, compared to its average volume of 5,452,564. The company’s 50-day moving average is $1.99 and its two-hundred day moving average is $2.23. Real Brokerage has a 1-year low of $1.55 and a 1-year high of $5.41.

Real Brokerage (NASDAQ:REAXGet Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported ($0.03) earnings per share (EPS) for the quarter. Real Brokerage had a negative return on equity of 25.32% and a negative net margin of 0.72%.The company had revenue of $700.58 million during the quarter. Equities research analysts forecast that Real Brokerage will post -0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on REAX. Edward Jones cut their target price on Real Brokerage from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. BTIG Research restated a “buy” rating and set a $4.25 price target on shares of Real Brokerage in a research report on Monday, April 27th. JonesTrading dropped their price objective on shares of Real Brokerage from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. B. Riley Financial reiterated a “buy” rating on shares of Real Brokerage in a research report on Friday, May 8th. Finally, Zacks Research lowered shares of Real Brokerage from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $5.15.

Read Our Latest Analysis on Real Brokerage

Institutional Trading of Real Brokerage

Several hedge funds have recently added to or reduced their stakes in the business. Merit Financial Group LLC boosted its stake in Real Brokerage by 19.0% during the 4th quarter. Merit Financial Group LLC now owns 19,137 shares of the company’s stock valued at $70,000 after purchasing an additional 3,053 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Real Brokerage by 9.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,917 shares of the company’s stock worth $166,000 after buying an additional 3,173 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Real Brokerage by 6.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,673 shares of the company’s stock worth $246,000 after buying an additional 3,746 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Real Brokerage by 4.8% in the second quarter. Russell Investments Group Ltd. now owns 94,409 shares of the company’s stock valued at $426,000 after buying an additional 4,304 shares during the period. Finally, Strs Ohio boosted its stake in Real Brokerage by 31.5% during the fourth quarter. Strs Ohio now owns 23,400 shares of the company’s stock valued at $85,000 after buying an additional 5,600 shares in the last quarter. Institutional investors own 53.28% of the company’s stock.

Real Brokerage Company Profile

(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.

Further Reading

Receive News & Ratings for Real Brokerage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Real Brokerage and related companies with MarketBeat.com's FREE daily email newsletter.