The Real Brokerage Inc. (NASDAQ:REAX) Shares Sold by Ardsley Advisory Partners LP

Ardsley Advisory Partners LP lowered its stake in shares of The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 58.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 250,000 shares of the company's stock after selling 350,000 shares during the period. Ardsley Advisory Partners LP owned 0.13% of Real Brokerage worth $1,150,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aquatic Capital Management LLC bought a new position in shares of Real Brokerage in the fourth quarter valued at approximately $25,000. Golden State Wealth Management LLC bought a new stake in Real Brokerage during the fourth quarter valued at approximately $28,000. Sound Income Strategies LLC bought a new stake in Real Brokerage during the fourth quarter worth about $47,000. Oxford Asset Management LLP purchased a new position in shares of Real Brokerage during the fourth quarter worth approximately $49,000. Finally, Townsquare Capital LLC purchased a new position in shares of Real Brokerage in the fourth quarter worth about $65,000. 53.28% of the stock is currently owned by institutional investors.

Real Brokerage Stock Performance

Shares of Real Brokerage stock traded down $0.14 on Thursday, hitting $4.33. 687,918 shares of the company traded hands, compared to its average volume of 876,396. The business has a 50-day simple moving average of $4.44 and a 200 day simple moving average of $4.85. The Real Brokerage Inc. has a 52 week low of $3.55 and a 52 week high of $6.75. The stock has a market capitalization of $856.27 million, a P/E ratio of -24.05 and a beta of 1.12.

Real Brokerage (NASDAQ:REAX - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.03. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. Research analysts expect that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Jones Trading reiterated a "buy" rating and set a $6.00 target price on shares of Real Brokerage in a report on Thursday, March 6th.

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.