Real Brokerage (NASDAQ:REAX) Trading Down 5.4% – What’s Next?

The Real Brokerage Inc. (NASDAQ:REAX) shares traded down 5.4% on Tuesday . The stock traded as low as $4.16 and last traded at $4.20. 509,356 shares were traded during mid-day trading, a decline of 39% from the average session volume of 835,893 shares. The stock had previously closed at $4.44.

Analyst Ratings Changes

Separately, BTIG Research began coverage on shares of Real Brokerage in a report on Wednesday, December 18th. They issued a “buy” rating and a $6.00 price target on the stock.

Real Brokerage Stock Down 4.7 %

The firm has a market capitalization of $836.50 million, a price-to-earnings ratio of -23.50 and a beta of 1.00. The company’s 50 day moving average is $5.15 and its 200 day moving average is $5.36.

Real Brokerage (NASDAQ:REAX) last announced its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. The firm had revenue of $372.49 million for the quarter, compared to analyst estimates of $334.61 million. During the same quarter in the prior year, the business posted ($0.02) EPS. On average, analysts expect that The Real Brokerage Inc. will post -0.1 EPS for the current year.

Hedge Funds Weigh In On Real Brokerage

A number of hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI grew its holdings in shares of Real Brokerage by 198.8% during the 2nd 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. Principal Financial Group Inc. acquired a new stake in Real Brokerage during the second quarter worth about $52,000. Wolverine Trading LLC bought a new position in Real Brokerage in the 3rd quarter valued at about $56,000. Intech Investment Management LLC bought a new position in Real Brokerage in the 3rd quarter valued at about $98,000. Finally, Virtus Investment Advisers Inc. acquired a new position in shares of Real Brokerage in the 3rd quarter valued at approximately $117,000. Institutional investors own 53.28% of the company’s stock.

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.