reAlpha Tech (NASDAQ:AIRE) Now Covered by Maxim Group

Maxim Group initiated coverage on shares of reAlpha Tech (NASDAQ:AIRE) in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm issued a buy rating and a $3.00 price objective on the stock.

reAlpha Tech Stock Performance

Shares of NASDAQ AIRE opened at $1.10 on Friday. The firm has a 50 day moving average price of $1.25 and a two-hundred day moving average price of $1.17. reAlpha Tech has a 52-week low of $0.53 and a 52-week high of $90.21.

reAlpha Tech (NASDAQ:AIRE) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $0.06 million during the quarter. reAlpha Tech had a negative net margin of 1,259.42% and a negative return on equity of 11.94%.

Hedge Funds Weigh In On reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Sequoia Financial Advisors LLC purchased a new position in shares of reAlpha Tech Corp. (NASDAQ:AIRE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 33,645 shares of the company’s stock, valued at approximately $32,000. Sequoia Financial Advisors LLC owned about 0.08% of reAlpha Tech as of its most recent filing with the SEC. 1.02% of the stock is currently owned by institutional investors.

About reAlpha Tech

reAlpha Tech Corp., a real estate technology company, commercializes artificial intelligence (AI)-powered technologies. The company operates in two segments, Platform Services and Rental Business. The company offers and develops AI-based products and services to customers in the real-estate industry.