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Berenberg Bank Thinks Realogy’s Stock is Going to Recover

Berenberg Bank analyst Justin Ages maintained a Buy rating on Realogy (RLGYResearch Report) on May 21 and set a price target of $15.00. The company’s shares closed last Friday at $11.34, close to its 52-week low of $9.72.

According to TipRanks.com, Ages has 0 stars on 0-5 stars ranking scale with an average return of -48.2% and a 0.0% success rate. Ages covers the Technology sector, focusing on stocks such as Zillow Group Class C, Porch Group, and Latch.

Realogy has an analyst consensus of Moderate Buy, with a price target consensus of $15.33.

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Based on Realogy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.64 billion and net profit of $23 million. In comparison, last year the company earned revenue of $1.55 billion and had a net profit of $33 million.

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RLGY in relation to earlier this year. Most recently, in March 2022, Marilyn Wasser, the EVP, General Counsel and Sec. of RLGY sold 25,000 shares for a total of $463,750.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Realogy Holdings Corp. engages in the provision of residential real estate services, which focuses on empowering independent sales agents. It operates through the following segments: Realogy Franchise Group, Realogy Brokerage Group, Realogy Title Group and Realogy Leads Group. The Realogy Franchise Group segment is the franchisor of residential real estate brokerages through portfolio of well-known brokerage brands, including Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, Sotheby’s International Realty and Better Homes and Gardens Real Estate. The Realogy Brokerage Group segment owns and operates residential real estate brokerage business in the U.S. primarily under the Coldwell Banker Corcoran and Sotheby’s International Realty brand names. The Realogy Title Group segment assists in closing of real estate transactions by providing full-service title and settlement services to customers, real estate companies, affinity groups, corporations and financial institutions with many of these services provided in connection with the Company’s real estate brokerage. The Realogy Leads Group segment consists of affinity programs (both company- and client-directed) as well as broker-to-broker referrals. The company was founded on December 14, 2006 and is headquartered in Madison, NJ.

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