Real Brokerage (NASDAQ:REAX) Stock Price Down 3.8%

The Real Brokerage Inc. (NASDAQ:REAX) shares traded down 3.8% during mid-day trading on Wednesday . The company traded as low as $3.58 and last traded at $3.59. 117,801 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 600,142 shares. The stock had previously closed at $3.73.

Analysts Set New Price Targets

Separately, Jonestrading reiterated a “buy” rating and set a $4.00 price target on shares of Real Brokerage in a report on Monday, April 8th.

Real Brokerage Trading Down 0.8 %

The firm’s fifty day moving average is $4.31 and its 200 day moving average is $3.25.

Real Brokerage (NASDAQ:REAX) last issued its earnings results on Tuesday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). Real Brokerage had a negative net margin of 4.63% and a negative return on equity of 98.38%. The company had revenue of $200.74 million during the quarter, compared to analyst estimates of $170.78 million. Analysts anticipate that The Real Brokerage Inc. will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Searcy Financial Services Inc. ADV purchased a new stake in shares of Real Brokerage during the 1st quarter worth about $37,000. TCI Wealth Advisors Inc. acquired a new position in Real Brokerage in the first quarter worth approximately $49,000. HBK Sorce Advisory LLC raised its position in Real Brokerage by 17.1% during the first quarter. HBK Sorce Advisory LLC now owns 72,000 shares of the company’s stock valued at $225,000 after acquiring an additional 10,500 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Real Brokerage in the first quarter valued at approximately $263,000. Finally, NewEdge Wealth LLC bought a new stake in Real Brokerage in the fourth quarter worth approximately $448,000. Hedge funds and other institutional investors 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.