Real REMAX Group (NASDAQ:REAX – Get Free Report) had its price objective cut by equities research analysts at BTIG Research from $35.00 to $25.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research‘s target price points to a potential upside of 68.92% from the company’s current price.
REAX has been the topic of a number of other reports. Edward Jones reduced their target price on shares of Real REMAX Group 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 shares of Real REMAX Group to a “hold” rating in a research note on Saturday, September 5th. Citigroup initiated coverage on shares of Real REMAX Group in a report on Wednesday, October 14th. They set a “market outperform” rating for the company. Zacks Research upgraded shares of Real REMAX Group from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Finally, Weiss Ratings raised shares of Real REMAX Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.00.
Check Out Our Latest Analysis on REAX
Real REMAX Group Trading Down 12.9%
NASDAQ:REAX traded down $2.19 during trading hours on Thursday, hitting $14.80. The company had a trading volume of 1,399,690 shares, compared to its average volume of 445,382. Real REMAX Group has a 1 year low of $13.25 and a 1 year high of $45.00. The company has a market cap of $322.49 million, a P/E ratio of -21.14 and a beta of 0.83. The company has a 50-day moving average of $17.11 and a 200 day moving average of $21.76.
Real REMAX Group (NASDAQ:REAX – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($2.25) EPS for the quarter, missing the consensus estimate of $0.40 by ($2.65). The company had revenue of $727.93 million for the quarter, compared to analysts’ expectations of $73.40 million. Real REMAX Group had a negative return on equity of 25.32% and a negative net margin of 0.72%. On average, analysts forecast that Real REMAX Group will post -0.45 earnings per share for the current year.
Insiders Place Their Bets
In related news, major shareholder David L. Liniger sold 52,876 shares of Real REMAX Group stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $19.12, for a total value of $1,010,989.12. Following the completion of the sale, the insider owned 5,539,905 shares in the company, valued at approximately $105,922,983.60. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 38.21% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC boosted its position in shares of Real REMAX Group 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 buying an additional 410,364 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Real REMAX Group in the second quarter valued at $680,000. Seven Six Capital Management LLC purchased a new stake in shares of Real REMAX Group in the 1st quarter valued at $1,290,000. Empowered Funds LLC lifted its stake in Real REMAX Group by 6.4% during the 1st quarter. Empowered Funds LLC now owns 181,253 shares of the company’s stock worth $1,044,000 after acquiring an additional 10,915 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in Real REMAX Group during the 1st quarter worth about $861,000. 53.28% of the stock is currently owned by institutional investors and hedge funds.
Real REMAX Group Company Profile
Real Brokerage Inc is a technology-powered residential real estate brokerage serving real estate agents and their clients in the United States and Canada. The company operates through a cloud-based model that enables agents to manage their businesses remotely while providing brokerage services for home buyers and sellers.
Real’s platform is designed to support key aspects of the real estate transaction process, including lead management, transaction coordination, document management, communication and collaboration.
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