Real Brokerage (NASDAQ:REAX) Shares Gap Up After Strong Earnings

The Real Brokerage Inc. (NASDAQ:REAX)’s share price gapped up prior to trading on Thursday following a stronger than expected earnings report. 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 changing hands.

The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%.

Analyst Upgrades and Downgrades

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 target on the stock.

Institutional Investors Weigh In On Real Brokerage

Several hedge funds have recently bought and sold shares of REAX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Real Brokerage by 8.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,927 shares of the company’s stock valued at $262,000 after purchasing an additional 4,672 shares during the last quarter. Rhumbline Advisers raised its stake in Real Brokerage by 4.1% during the fourth quarter. Rhumbline Advisers now owns 124,324 shares of the company’s stock valued at $572,000 after buying an additional 4,906 shares during the last quarter. Blair William & Co. IL boosted its holdings in Real Brokerage by 20.0% in the fourth quarter. Blair William & Co. IL now owns 30,000 shares of the company’s stock worth $138,000 after acquiring an additional 5,000 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of Real Brokerage in the fourth quarter worth $25,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Real Brokerage during the fourth quarter valued at $28,000. Institutional investors own 53.28% of the company’s stock.

Real Brokerage Stock Performance

The stock has a market cap of $1.01 billion, a PE ratio of -28.85 and a beta of 1.01. The firm has a 50-day moving average price of $4.87 and a 200-day moving average price 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.