Real Brokerage (NASDAQ:REAX) Shares Gap Down – Here’s What Happened

Shares of The Real Brokerage Inc. (NASDAQ:REAX) gapped down prior to trading on Wednesday . The stock had previously closed at $5.18, but opened at $4.91. Real Brokerage shares last traded at $5.09, with a volume of 163,022 shares trading hands.

Analyst Upgrades and Downgrades

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

Real Brokerage Stock Up 0.9 %

The firm has a 50 day simple moving average of $4.81 and a two-hundred day simple moving average of $5.33. The stock has a market capitalization of $1.03 billion, a P/E ratio of -29.03 and a beta of 1.01.

Institutional Trading of Real Brokerage

Institutional investors and hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new position in Real Brokerage in the 4th quarter valued at about $28,000. Sound Income Strategies LLC purchased a new stake in shares of Real Brokerage during the 4th quarter worth approximately $47,000. Wolverine Trading LLC purchased a new position in Real Brokerage in the 3rd quarter valued at approximately $56,000. US Bancorp DE purchased a new position in Real Brokerage in the 4th quarter valued at approximately $85,000. Finally, Paragon Advisors LLC purchased a new position in Real Brokerage in the 4th quarter valued at approximately $90,000. 53.28% of the stock is currently owned by institutional investors and hedge funds.

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.