reAlpha Tech (NASDAQ:AIRE) Coverage Initiated at Maxim Group

Maxim Group assumed coverage on shares of reAlpha Tech (NASDAQ:AIRE) in a report issued on Friday, Benzinga reports. The firm set a “buy” rating and a $3.00 price target on the stock. Maxim Group’s price target would indicate a potential upside of 172.73% from the company’s previous close.

reAlpha Tech Stock Performance

reAlpha Tech stock opened at $1.10 on Friday. The stock’s fifty day moving average is $1.25 and its two-hundred day moving average is $1.17. reAlpha Tech has a 1-year low of $0.53 and a 1-year high of $93.88.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in reAlpha Tech stock. Sequoia Financial Advisors LLC purchased a new stake in reAlpha Tech Corp. (NASDAQ:AIRE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.02% of the company’s stock.

reAlpha Tech Company Profile

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.