reAlpha Tech (NASDAQ:AIRE) Coverage Initiated at Maxim Group

Analysts at Maxim Group began coverage on shares of reAlpha Tech (NASDAQ:AIRE) in a note issued to investors on Friday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $3.00 price target on the stock. Maxim Group’s price target would indicate a potential upside of 172.73% from the company’s previous close.

reAlpha Tech Stock Performance

Shares of NASDAQ AIRE opened at $1.10 on Friday. reAlpha Tech has a 52 week low of $0.53 and a 52 week high of $90.21. The business’s 50 day moving average price is $1.25 and its 200 day moving average price is $1.17.

reAlpha Tech (NASDAQ:AIRE) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.03) EPS for the quarter. reAlpha Tech had a negative net margin of 1,259.42% and a negative return on equity of 11.94%. The business had revenue of $0.06 million during the quarter.

Hedge Funds Weigh In On reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Sequoia Financial Advisors LLC purchased a new stake in reAlpha Tech Corp. (NASDAQ:AIRE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 33,645 shares of the company’s stock, valued at approximately $32,000. Sequoia Financial Advisors LLC owned 0.08% of reAlpha Tech at the end of the most recent quarter. Institutional investors and hedge funds own 1.02% of the company’s stock.

reAlpha Tech Company Profile

reAlpha Tech Corp., a real estate technology company, commercializes artificial intelligence (AI)-powered technologies. The company operates in two segments, Platform Services and Rental Business. The company offers and develops AI-based products and services to customers in the real-estate industry.