Real Brokerage (NASDAQ:REAX) Shares Down 4%

The Real Brokerage Inc. (NASDAQ:REAX)’s stock price was down 4% during trading on Tuesday . The stock traded as low as $3.83 and last traded at $3.83. Approximately 138,026 shares traded hands during trading, a decline of 77% from the average daily volume of 597,637 shares. The stock had previously closed at $3.99.

Wall Street Analyst Weigh In

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

Real Brokerage Price Performance

The firm’s 50-day simple moving average is $4.34 and its 200-day simple moving average is $3.15.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). The company had revenue of $200.74 million for the quarter, compared to analysts’ expectations of $170.78 million. Real Brokerage had a negative return on equity of 98.38% and a negative net margin of 4.63%. As a group, equities research analysts anticipate that The Real Brokerage Inc. will post -0.12 earnings per share for the current year.

Institutional Trading of Real Brokerage

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Wealth LLC bought a new stake in shares of Real Brokerage in the 4th quarter valued at about $448,000. Quadrature Capital Ltd purchased a new stake in Real Brokerage during the first quarter worth $263,000. AWM Investment Company Inc. boosted its position in Real Brokerage by 240.6% during the 1st quarter. AWM Investment Company Inc. now owns 1,703,228 shares of the company’s stock valued at $5,314,000 after acquiring an additional 1,203,228 shares in the last quarter. HBK Sorce Advisory LLC boosted its position in Real Brokerage by 17.1% during the 1st 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. Finally, TCI Wealth Advisors Inc. purchased a new position in shares of Real Brokerage in the 1st quarter valued at $49,000. 53.28% of the stock is owned by hedge funds and other institutional investors.

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.