Boothbay Fund Management LLC Decreases Stock Holdings in The Real Brokerage Inc. (NASDAQ:REAX)

Boothbay Fund Management LLC reduced its stake in shares of The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 25.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 250,384 shares of the company's stock after selling 86,316 shares during the period. Boothbay Fund Management LLC owned 0.13% of Real Brokerage worth $1,152,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in REAX. Geode Capital Management LLC boosted its stake in Real Brokerage by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 1,264,640 shares of the company's stock worth $5,817,000 after buying an additional 40,457 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Real Brokerage by 31.6% during the 4th quarter. JPMorgan Chase & Co. now owns 831,829 shares of the company's stock worth $3,826,000 after acquiring an additional 199,913 shares during the period. Renaissance Technologies LLC boosted its position in shares of Real Brokerage by 53.5% during the 4th quarter. Renaissance Technologies LLC now owns 759,100 shares of the company's stock valued at $3,492,000 after acquiring an additional 264,600 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Real Brokerage by 3.3% in the fourth quarter. Federated Hermes Inc. now owns 679,373 shares of the company's stock valued at $3,125,000 after purchasing an additional 21,585 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Real Brokerage by 48.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 438,295 shares of the company's stock worth $2,016,000 after purchasing an additional 144,011 shares during the last quarter. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

Real Brokerage Stock Down 0.7 %

Shares of Real Brokerage stock opened at $4.56 on Tuesday. The business's fifty day simple moving average is $4.56 and its 200-day simple moving average is $4.88. The firm has a market cap of $901.76 million, a PE ratio of -25.33 and a beta of 1.13. The Real Brokerage Inc. has a 52 week low of $3.55 and a 52 week high of $6.75.

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

Analyst Ratings Changes

Separately, Jones Trading reiterated a "buy" rating and issued 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.

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