Real Brokerage (NASDAQ:REAX) Trading Up 11% – Should You Buy?

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

Wall Street Analysts Forecast Growth

Separately, BTIG Research began coverage on shares of Real Brokerage in a report on Wednesday, December 18th. They set a “buy” rating and a $6.00 target price on the stock.

Real Brokerage Price Performance

The stock has a 50-day moving average of $4.94 and a 200 day moving average of $5.36. The company has a market cap of $874.06 million, a P/E ratio of -24.55 and a beta of 1.00.

Real Brokerage (NASDAQ:REAX) last issued its earnings results on Thursday, November 7th. The company reported ($0.01) 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 analysts’ expectations 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 period in the previous year, the company earned ($0.02) EPS. Sell-side analysts predict that The Real Brokerage Inc. will post -0.1 EPS for the current year.

Hedge Funds Weigh In On Real Brokerage

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp acquired a new position in Real Brokerage during the second quarter worth about $1,091,000. Rhumbline Advisers acquired a new stake in Real Brokerage in the second quarter valued at approximately $474,000. Renaissance Technologies LLC grew its stake in shares of Real Brokerage by 25.3% during the second quarter. Renaissance Technologies LLC now owns 229,500 shares of the company’s stock worth $932,000 after buying an additional 46,400 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Real Brokerage by 42.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 100,000 shares of the company’s stock worth $406,000 after buying an additional 29,800 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Real Brokerage in the 2nd quarter worth about $234,000. Institutional investors 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.