Real Brokerage (NASDAQ:REAX) Shares Up 3.8%

The Real Brokerage Inc. (NASDAQ:REAX)’s stock price rose 3.8% during trading on Tuesday . The company traded as high as $3.86 and last traded at $3.85. Approximately 151,047 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 540,292 shares. The stock had previously closed at $3.71.

Wall Street Analyst Weigh In

Several analysts have commented on REAX shares. Roth Mkm boosted their target price on shares of Real Brokerage from $2.75 to $3.50 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Jonestrading reiterated a “buy” rating and issued a $4.00 target price on shares of Real Brokerage in a research note on Monday, April 8th.

Real Brokerage Stock Up 4.0 %

The stock has a fifty day moving average of $3.32 and a 200-day moving average of $2.37.

Real Brokerage (NASDAQ:REAX) last announced its earnings results on Thursday, March 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The company had revenue of $181.34 million for the quarter, compared to analyst estimates of $161.37 million. Real Brokerage had a negative return on equity of 105.23% and a negative net margin of 3.99%. On average, research analysts predict that The Real Brokerage Inc. will post -0.12 EPS for the current fiscal year.

Institutional Trading of Real Brokerage

An institutional investor recently bought a new position in Real Brokerage stock. NewEdge Wealth LLC bought a new position in shares of The Real Brokerage Inc. (NASDAQ:REAX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 280,000 shares of the company’s stock, valued at approximately $448,000. NewEdge Wealth LLC owned about 0.16% of Real Brokerage at the end of the most recent quarter. Institutional investors and hedge funds 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.