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

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on REAX shares. Roth Mkm lifted their target price on Real Brokerage from $2.75 to $3.50 and gave the company a “buy” rating in a research note on Thursday, January 18th. Jonestrading restated a “buy” rating and set a $4.00 price objective on shares of Real Brokerage in a research report on Monday, April 8th.

Real Brokerage Price Performance

The business has a fifty day moving average price of $3.51 and a 200 day moving average price of $2.51. The company has a market capitalization of $917.48 million, a price-to-earnings ratio of -33.20 and a beta of 1.01.

Real Brokerage (NASDAQ:REAX) last issued its quarterly 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). Real Brokerage had a negative net margin of 3.99% and a negative return on equity of 105.23%. The firm had revenue of $181.34 million for the quarter, compared to the consensus estimate of $161.37 million. Research analysts anticipate that The Real Brokerage Inc. will post -0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. NewEdge Wealth LLC purchased a new stake in shares of Real Brokerage during the fourth quarter worth $448,000. TCI Wealth Advisors Inc. purchased a new stake in shares of Real Brokerage during the 1st quarter worth about $49,000. Searcy Financial Services Inc. ADV acquired a new stake in shares of Real Brokerage during the 1st quarter valued at about $37,000. Finally, HBK Sorce Advisory LLC grew its stake in shares of Real Brokerage by 17.1% in the 1st quarter. HBK Sorce Advisory LLC now owns 72,000 shares of the company’s stock valued at $225,000 after buying an additional 10,500 shares in the last quarter. Institutional investors and hedge funds 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.