Real Brokerage (NASDAQ:REAX) Posts Earnings Results, Beats Expectations By $0.02 EPS

Real Brokerage (NASDAQ:REAX) posted its earnings results on Thursday. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02, Zacks reports. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%.

Real Brokerage Price Performance

Shares of REAX stock traded up $0.05 during trading hours on Thursday, hitting $5.00. The company had a trading volume of 840,125 shares, compared to its average volume of 886,249. The stock has a market capitalization of $987.78 million, a PE ratio of -27.53 and a beta of 1.01. The company’s fifty day moving average is $4.87 and its 200 day moving average is $5.27. Real Brokerage has a fifty-two week low of $2.46 and a fifty-two week high of $6.75.

Analysts Set New Price Targets

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

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.