reAlpha Tech (NASDAQ:AIRE) Now Covered by Analysts at Maxim Group

Maxim Group initiated coverage on shares of reAlpha Tech (NASDAQ:AIRE) in a research note released on Friday, MarketBeat.com reports. The firm issued a buy rating and a $3.00 price objective on the stock.

reAlpha Tech Stock Performance

Shares of AIRE opened at $1.10 on Friday. The firm has a 50 day simple moving average of $1.25 and a two-hundred day simple moving average of $1.17. reAlpha Tech has a one year low of $0.53 and a one year high of $90.21.

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

Hedge Funds Weigh In On reAlpha Tech

An institutional investor recently bought a new position 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 filing with the Securities and Exchange Commission. The institutional investor purchased 33,645 shares of the company’s stock, valued at approximately $32,000. Sequoia Financial Advisors LLC owned about 0.08% of reAlpha Tech as of its most recent filing with the Securities and Exchange Commission. 1.02% of the stock is owned by hedge funds and other institutional investors.

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.