Real Brokerage (NASDAQ:REAX) Shares Down 5.4% – Should You Sell?

The Real Brokerage Inc. (NASDAQ:REAX)’s stock price traded down 5.4% during trading on Tuesday . The company traded as low as $4.16 and last traded at $4.20. 509,356 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 835,893 shares. The stock had previously closed at $4.44.

Wall Street Analysts Forecast Growth

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

Real Brokerage Trading Down 0.9 %

The firm has a market capitalization of $830.57 million, a price-to-earnings ratio of -23.33 and a beta of 1.00. The stock’s 50 day moving average price is $5.10 and its two-hundred day moving average price is $5.36.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.03. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. The business had revenue of $372.49 million for the quarter, compared to analyst estimates of $334.61 million. During the same quarter in the previous year, the company earned ($0.02) EPS. On average, sell-side analysts forecast that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal year.

Institutional Trading of Real Brokerage

Several large investors have recently bought and sold shares of REAX. Jane Street Group LLC boosted its position in shares of Real Brokerage by 488.7% in the 3rd quarter. Jane Street Group LLC now owns 134,089 shares of the company’s stock worth $744,000 after buying an additional 111,312 shares in the last quarter. Barclays PLC lifted its holdings in shares of Real Brokerage by 337.7% in the third quarter. Barclays PLC now owns 141,188 shares of the company’s stock valued at $782,000 after purchasing an additional 108,928 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Real Brokerage by 106.6% in the third quarter. Harbor Capital Advisors Inc. now owns 595,055 shares of the company’s stock valued at $3,303,000 after purchasing an additional 307,016 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Real Brokerage during the 2nd quarter worth approximately $1,091,000. Finally, Principal Financial Group Inc. raised its position in shares of Real Brokerage by 463.8% during the 3rd quarter. Principal Financial Group Inc. now owns 72,467 shares of the company’s stock worth $402,000 after purchasing an additional 59,614 shares during the last quarter. Institutional investors and hedge funds 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.