Real Brokerage (NASDAQ:REAX) Research Coverage Started at BTIG Research

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

Real Brokerage Trading Up 2.2 %

REAX opened at $4.71 on Wednesday. The stock has a market capitalization of $931.42 million, a P/E ratio of -26.17 and a beta of 0.95. Real Brokerage has a 12 month low of $1.46 and a 12 month high of $6.75. The firm’s fifty day simple moving average is $5.28 and its 200 day simple moving average is $5.31.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $372.49 million for the quarter, compared to analyst estimates 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 company posted ($0.02) earnings per share. On average, equities research analysts predict that Real Brokerage will post -0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Real Brokerage

A number of large investors have recently bought and sold shares of the company. National Bank of Canada FI lifted its position in shares of Real Brokerage by 198.8% in the second quarter. National Bank of Canada FI now owns 5,975 shares of the company’s stock worth $26,000 after purchasing an additional 3,975 shares in the last quarter. Wolverine Trading LLC acquired a new stake in Real Brokerage in the 3rd quarter valued at $56,000. Principal Financial Group Inc. bought a new stake in Real Brokerage during the 2nd quarter worth about $52,000. Intech Investment Management LLC acquired a new position in shares of Real Brokerage during the 3rd quarter worth about $98,000. Finally, Virtus Investment Advisers Inc. acquired a new position in shares of Real Brokerage during the 3rd quarter worth about $117,000. Institutional investors and hedge funds 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.