Ardsley Advisory Partners LP Has $1.15 Million Stock Holdings in The Real Brokerage Inc. (NASDAQ:REAX)

Ardsley Advisory Partners LP lowered its position in The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 58.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 about 0.13% of Real Brokerage worth $1,150,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in REAX. Aquatic Capital Management LLC bought a new position in shares of Real Brokerage during the 4th quarter valued at about $25,000. Golden State Wealth Management LLC bought a new position in Real Brokerage in the fourth quarter valued at approximately $28,000. Sound Income Strategies LLC acquired a new position in shares of Real Brokerage in the fourth quarter valued at approximately $47,000. Oxford Asset Management LLP bought a new stake in shares of Real Brokerage during the fourth quarter worth $49,000. Finally, Townsquare Capital LLC acquired a new stake in shares of Real Brokerage during the fourth quarter worth $65,000. Institutional investors and hedge funds own 53.28% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Jones Trading restated a "buy" rating and issued a $6.00 target price on shares of Real Brokerage in a research note on Thursday, March 6th.

Real Brokerage Stock Up 6.0 %

Shares of NASDAQ REAX traded up $0.25 during trading hours on Wednesday, hitting $4.48. The company had a trading volume of 1,321,965 shares, compared to its average volume of 889,685. The Real Brokerage Inc. has a 1-year low of $3.55 and a 1-year high of $6.75. The firm's 50 day moving average is $4.46 and its 200-day moving average is $4.85. The stock has a market capitalization of $886.33 million, a P/E ratio of -24.90 and a beta of 1.12.

Real Brokerage (NASDAQ:REAX - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. The company had revenue of $350.63 million during the quarter, compared to the consensus estimate of $300.11 million. On average, sell-side analysts predict that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

About Real Brokerage

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.