The Real Brokerage Inc. (NASDAQ:REAX – Get Free Report)’s share price gapped up before the market opened on Thursday following a better than expected earnings announcement. The stock had previously closed at $4.95, but opened at $5.12. Real Brokerage shares last traded at $5.17, with a volume of 310,818 shares.
The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%.
Analyst Ratings Changes
Separately, BTIG Research began coverage on shares of Real Brokerage in a research report on Wednesday, December 18th. They issued a “buy” rating and a $6.00 target price on the stock.
Institutional Trading of Real Brokerage
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aquatic Capital Management LLC purchased a new position in shares of Real Brokerage in the fourth quarter worth $25,000. Golden State Wealth Management LLC purchased a new position in shares of Real Brokerage in the fourth quarter valued at about $28,000. Sound Income Strategies LLC bought a new position in shares of Real Brokerage during the fourth quarter valued at about $47,000. Oxford Asset Management LLP purchased a new stake in shares of Real Brokerage during the fourth quarter worth about $49,000. Finally, Corton Capital Inc. purchased a new position in Real Brokerage during the 4th quarter valued at about $51,000. Institutional investors own 53.28% of the company’s stock.
Real Brokerage Stock Performance
The firm has a market cap of $1.01 billion, a P/E ratio of -28.85 and a beta of 1.01. The business has a 50-day simple moving average of $4.87 and a 200 day simple moving average of $5.27.
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.
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