Real Brokerage (NASDAQ:REAX) Trading Down 5.4% – What’s Next?

The Real Brokerage Inc. (NASDAQ:REAX)’s stock price fell 5.4% during mid-day trading on Tuesday . The company traded as low as $4.16 and last traded at $4.20. 509,356 shares were traded during mid-day trading, a decline of 39% from the average session volume of 835,893 shares. The stock had previously closed at $4.44.

Analyst Ratings Changes

Separately, BTIG Research started coverage on Real Brokerage in a report on Wednesday, December 18th. They issued a “buy” rating and a $6.00 price target for the company.

Real Brokerage Stock Down 4.7 %

The firm has a market capitalization of $836.50 million, a price-to-earnings ratio of -23.50 and a beta of 1.00. The business’s fifty day moving average is $5.15 and its 200 day moving average is $5.36.

Real Brokerage (NASDAQ:REAX) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The firm had revenue of $372.49 million for the quarter, compared to the consensus estimate of $334.61 million. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. During the same quarter last year, the business posted ($0.02) EPS. Equities research analysts expect that The Real Brokerage Inc. will post -0.1 EPS for the current year.

Hedge Funds Weigh In On Real Brokerage

Large investors have recently bought and sold shares of the company. National Bank of Canada FI boosted its holdings in Real Brokerage by 198.8% during the second quarter. National Bank of Canada FI now owns 5,975 shares of the company’s stock worth $26,000 after purchasing an additional 3,975 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Real Brokerage during the 2nd quarter worth about $52,000. Wolverine Trading LLC acquired a new position in shares of Real Brokerage during the 3rd quarter worth about $56,000. Intech Investment Management LLC bought a new position in shares of Real Brokerage in the 3rd quarter valued at about $98,000. Finally, Virtus Investment Advisers Inc. acquired a new stake in shares of Real Brokerage in the third quarter valued at about $117,000. Institutional investors and hedge funds own 53.28% of the company’s stock.

Real Brokerage Company Profile

The Real Brokerage Inc, together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It operates in three segments: North American Brokerage, Real Title, and One Real Mortgage. It offers brokerage, title, and mortgage broker services. The company is based in Miami, Florida.