Real Brokerage (NASDAQ:REAX) Trading 11% Higher – What’s Next?

The Real Brokerage Inc. (NASDAQ:REAX)’s share price shot up 11% on Wednesday . The company traded as high as $4.55 and last traded at $4.55. 143,395 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 900,863 shares. The stock had previously closed at $4.10.

Analysts Set New Price Targets

Separately, BTIG Research began coverage on Real Brokerage in a research report on Wednesday, December 18th. They set a “buy” rating and a $6.00 price objective for the company.

Real Brokerage Trading Up 9.8 %

The firm’s fifty day moving average price is $5.00 and its 200-day moving average price is $5.38. The firm has a market cap of $889.89 million, a price-to-earnings ratio of -25.00 and a beta of 1.00.

Real Brokerage (NASDAQ:REAX) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $372.49 million during the quarter, compared to the consensus estimate of $334.61 million. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. On average, sell-side analysts expect that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

Institutional Trading of Real Brokerage

Large investors have recently bought and sold shares of the business. Principal Financial Group Inc. purchased a new stake in shares of Real Brokerage in the second quarter valued at about $52,000. Wolverine Trading LLC purchased a new stake in Real Brokerage during the 3rd quarter valued at approximately $56,000. Paragon Advisors LLC acquired a new stake in Real Brokerage during the 4th quarter worth approximately $90,000. Intech Investment Management LLC purchased a new position in shares of Real Brokerage in the 3rd quarter valued at approximately $98,000. Finally, Virtus Investment Advisers Inc. acquired a new position in shares of Real Brokerage in the third quarter valued at approximately $117,000. 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.