Jones Trading Reaffirms “Buy” Rating for Real Brokerage (NASDAQ:REAX)

Real Brokerage (NASDAQ:REAX)‘s stock had its “buy” rating reiterated by Jones Trading in a research report issued on Thursday,Benzinga reports. They presently have a $6.00 target price on the stock. Jones Trading’s price objective would suggest a potential upside of 26.85% from the company’s previous close.

Separately, BTIG Research initiated coverage on Real Brokerage in a research note on Wednesday, December 18th. They issued a “buy” rating and a $6.00 price objective on the stock.

Real Brokerage Stock Down 4.4 %

Shares of Real Brokerage stock opened at $4.73 on Thursday. Real Brokerage has a 12-month low of $2.46 and a 12-month high of $6.75. The stock has a 50 day moving average price of $4.86 and a two-hundred day moving average price of $5.26. The stock has a market capitalization of $935.38 million, a P/E ratio of -26.28 and a beta of 1.01.

Real Brokerage (NASDAQ:REAX) last posted its quarterly earnings data on Thursday, March 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. The business had revenue of $350.63 million during the quarter, compared to the consensus estimate of $300.11 million. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. Sell-side analysts anticipate that Real Brokerage will post -0.1 earnings per share for the current year.

Institutional Trading of Real Brokerage

Large investors have recently made changes to their positions in the business. Jane Street Group LLC boosted its position in Real Brokerage by 488.7% in the 3rd quarter. Jane Street Group LLC now owns 134,089 shares of the company’s stock valued at $744,000 after buying an additional 111,312 shares during the last quarter. Barclays PLC raised its holdings in Real Brokerage by 337.7% during the 3rd quarter. Barclays PLC now owns 141,188 shares of the company’s stock worth $782,000 after purchasing an additional 108,928 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Real Brokerage by 607.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 631,916 shares of the company’s stock valued at $3,507,000 after purchasing an additional 542,653 shares during the period. Franklin Resources Inc. bought a new position in shares of Real Brokerage in the 3rd quarter valued at about $138,000. Finally, Principal Financial Group Inc. grew its position in shares of Real Brokerage by 463.8% during the 3rd quarter. Principal Financial Group Inc. now owns 72,467 shares of the company’s stock worth $402,000 after buying an additional 59,614 shares during the period. 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.