Real Brokerage (NASDAQ:REAX) Issues Quarterly Earnings Results

Real Brokerage (NASDAQ:REAX) announced its earnings results on Thursday. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02, Zacks reports. The business had revenue of $350.63 million for the quarter, compared to the consensus estimate of $300.11 million. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%.

Real Brokerage Stock Down 4.4 %

Shares of REAX opened at $4.73 on Friday. Real Brokerage has a 52-week low of $2.46 and a 52-week high of $6.75. The firm has a market cap of $935.38 million, a price-to-earnings ratio of -26.28 and a beta of 1.01. The business’s 50 day moving average is $4.86 and its two-hundred day moving average is $5.26.

Analyst Ratings Changes

A number of analysts have recently issued reports on REAX shares. BTIG Research began coverage on shares of Real Brokerage in a research note on Wednesday, December 18th. They set a “buy” rating and a $6.00 price objective on the stock. Jones Trading reiterated a “buy” rating and issued a $6.00 price objective on shares of Real Brokerage in a report on Thursday.

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.