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

BTIG Research initiated coverage on shares of Real Brokerage (NASDAQ:REAX) in a report issued on Wednesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $6.00 price target on the stock. BTIG Research’s price objective would suggest a potential upside of 20.48% from the stock’s current price.

Real Brokerage Stock Performance

Shares of REAX opened at $4.98 on Wednesday. Real Brokerage has a 52-week low of $1.46 and a 52-week high of $6.75. The firm has a market cap of $984.80 million, a price-to-earnings ratio of -27.67 and a beta of 0.95. The business’s fifty day moving average is $5.31 and its 200-day moving average is $5.32.

Real Brokerage (NASDAQ:REAX) last released its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $372.49 million for 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 quarter in the previous year, the business posted ($0.02) earnings per share. As a group, research analysts forecast that Real Brokerage will post -0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Real Brokerage

A number of hedge funds and other institutional investors have recently bought and sold shares of REAX. Harbor Capital Advisors Inc. boosted its stake in shares of Real Brokerage by 106.6% during the third quarter. Harbor Capital Advisors Inc. now owns 595,055 shares of the company’s stock valued at $3,303,000 after purchasing an additional 307,016 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Real Brokerage in the second quarter valued at approximately $1,091,000. Rhumbline Advisers bought a new position in Real Brokerage in the 2nd quarter valued at approximately $474,000. GSA Capital Partners LLP acquired a new stake in Real Brokerage during the 3rd quarter worth approximately $220,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Real Brokerage during the 2nd quarter worth approximately $145,000. Institutional investors own 53.28% of the company’s stock.

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.