Real Brokerage (NASDAQ:REAX) Now Covered by BTIG Research

BTIG Research started coverage on shares of Real Brokerage (NASDAQ:REAX) in a research report report published on Wednesday, MarketBeat.com reports. The brokerage issued a buy rating and a $6.00 price target on the stock.

Real Brokerage Stock Performance

NASDAQ:REAX opened at $4.65 on Wednesday. Real Brokerage has a fifty-two week low of $1.46 and a fifty-two week high of $6.75. The company has a 50 day moving average price of $5.30 and a 200 day moving average price of $5.31. The stock has a market capitalization of $919.56 million, a P/E ratio of -25.83 and a beta of 0.95.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $372.49 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the firm posted ($0.02) earnings per share. Research analysts forecast that Real Brokerage will post -0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Real Brokerage

Several large investors have recently added to or reduced their stakes in REAX. State Street Corp grew its stake in shares of Real Brokerage by 48.0% in the third quarter. State Street Corp now owns 1,364,358 shares of the company’s stock worth $7,572,000 after acquiring an additional 442,612 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Real Brokerage by 106.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 595,055 shares of the company’s stock worth $3,303,000 after purchasing an additional 307,016 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Real Brokerage during the 2nd quarter worth about $1,091,000. Point72 Asset Management L.P. acquired a new stake in Real Brokerage in the 3rd quarter valued at about $871,000. Finally, Rhumbline Advisers purchased a new position in shares of Real Brokerage in the 2nd quarter valued at about $474,000. 53.28% of the stock is owned by hedge funds and other institutional investors.

About Real Brokerage

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.