Real Brokerage (NASDAQ:REAX) Stock Price Down 4%

The Real Brokerage Inc. (NASDAQ:REAX)’s share price fell 4% on Tuesday . The stock traded as low as $3.83 and last traded at $3.83. 138,026 shares were traded during mid-day trading, a decline of 77% from the average session volume of 597,637 shares. The stock had previously closed at $3.99.

Wall Street Analysts Forecast Growth

Separately, Jonestrading restated a “buy” rating and set a $4.00 target price on shares of Real Brokerage in a research report on Monday, April 8th.

Real Brokerage Stock Performance

The stock’s 50 day moving average price is $4.34 and its two-hundred day moving average price is $3.15.

Real Brokerage (NASDAQ:REAX) last issued its earnings results on Tuesday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). The company had revenue of $200.74 million during the quarter, compared to analysts’ expectations of $170.78 million. Real Brokerage had a negative net margin of 4.63% and a negative return on equity of 98.38%. Research analysts predict that The Real Brokerage Inc. will post -0.12 earnings per share for the current year.

Institutional Trading of Real Brokerage

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Searcy Financial Services Inc. ADV acquired a new position in Real Brokerage in the 1st quarter valued at $37,000. TCI Wealth Advisors Inc. purchased a new position in shares of Real Brokerage during the 1st quarter worth about $49,000. HBK Sorce Advisory LLC boosted its position in shares of Real Brokerage by 17.1% in the first quarter. HBK Sorce Advisory LLC now owns 72,000 shares of the company’s stock worth $225,000 after acquiring an additional 10,500 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Real Brokerage in the first quarter valued at approximately $263,000. Finally, NewEdge Wealth LLC acquired a new position in Real Brokerage during the fourth quarter worth approximately $448,000. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

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.