Real Brokerage (NASDAQ:REAX) Sets New 12-Month High at $5.15

The Real Brokerage Inc. (NASDAQ:REAX)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $5.15 and last traded at $4.96, with a volume of 430162 shares. The stock had previously closed at $4.18.

Wall Street Analyst Weigh In

REAX has been the subject of a number of analyst reports. Jonestrading reiterated a “buy” rating and issued a $4.00 price objective on shares of Real Brokerage in a research report on Monday, April 8th. Roth Mkm increased their price objective on shares of Real Brokerage from $2.75 to $3.50 and gave the company a “buy” rating in a report on Thursday, January 18th.

Real Brokerage Stock Down 1.6 %

The business’s fifty day moving average is $3.51 and its two-hundred day moving average is $2.51. The stock has a market cap of $917.48 million, a price-to-earnings ratio of -33.20 and a beta of 1.01.

Real Brokerage (NASDAQ:REAX) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). Real Brokerage had a negative return on equity of 105.23% and a negative net margin of 3.99%. The company had revenue of $181.34 million for the quarter, compared to analysts’ expectations of $161.37 million. As a group, sell-side analysts expect that The Real Brokerage Inc. will post -0.12 earnings per share for the current year.

Hedge Funds Weigh In On Real Brokerage

Several hedge funds have recently made changes to their positions in REAX. HBK Sorce Advisory LLC boosted its stake in Real Brokerage by 17.1% during the 1st quarter. HBK Sorce Advisory LLC now owns 72,000 shares of the company’s stock worth $225,000 after purchasing an additional 10,500 shares during the period. Searcy Financial Services Inc. ADV acquired a new stake in Real Brokerage during the 1st quarter worth approximately $37,000. TCI Wealth Advisors Inc. purchased a new position in shares of Real Brokerage in the 1st quarter valued at approximately $49,000. Finally, NewEdge Wealth LLC acquired a new position in shares of Real Brokerage in the fourth quarter valued at approximately $448,000. Hedge funds and other 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.