Real Brokerage (NASDAQ:REAX) Coverage Initiated by Analysts at BTIG Research

Investment analysts at BTIG Research began coverage on shares of Real Brokerage (NASDAQ:REAX) in a research note issued on Wednesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $6.00 price target on the stock. BTIG Research’s price objective would indicate a potential upside of 30.15% from the company’s current price.

Real Brokerage Stock Down 0.9 %

NASDAQ:REAX opened at $4.61 on Wednesday. The stock’s fifty day simple moving average is $5.29 and its 200-day simple moving average is $5.31. The firm has a market capitalization of $911.65 million, a P/E ratio of -25.61 and a beta of 0.95. Real Brokerage has a 12-month low of $1.46 and a 12-month high of $6.75.

Real Brokerage (NASDAQ:REAX) last posted its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.03. The company had revenue of $372.49 million during 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 earned ($0.02) EPS. As a group, equities research analysts expect that Real Brokerage will post -0.1 earnings per share for the current year.

Institutional Investors Weigh In On Real Brokerage

Several large investors have recently bought and sold shares of REAX. National Bank of Canada FI boosted its position in shares of Real Brokerage by 198.8% during 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 bought a new position in Real Brokerage during the third quarter worth about $56,000. Principal Financial Group Inc. bought a new position in Real Brokerage during the second quarter worth about $52,000. Geode Capital Management LLC increased its holdings in shares of Real Brokerage by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,224,183 shares of the company’s stock worth $6,794,000 after acquiring an additional 14,045 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Real Brokerage in the third quarter worth about $98,000. Institutional investors 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.