Cubist Systematic Strategies LLC Has $1.51 Million Stock Holdings in The Real Brokerage Inc. (NASDAQ:REAX)

Cubist Systematic Strategies LLC lifted its position in shares of The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 63.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 328,660 shares of the company's stock after buying an additional 128,056 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.17% of Real Brokerage worth $1,512,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of REAX. Aquatic Capital Management LLC acquired a new position in shares of Real Brokerage during the fourth quarter worth $25,000. Golden State Wealth Management LLC acquired a new position in shares of Real Brokerage during the fourth quarter worth $28,000. Sound Income Strategies LLC acquired a new position in shares of Real Brokerage during the fourth quarter worth $47,000. Oxford Asset Management LLP acquired a new position in shares of Real Brokerage during the fourth quarter worth $49,000. Finally, Townsquare Capital LLC acquired a new position in shares of Real Brokerage during the fourth quarter worth $65,000. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

Real Brokerage Price Performance

REAX traded down $0.04 on Friday, reaching $4.33. 4,475,865 shares of the company traded hands, compared to its average volume of 896,546. The stock's 50 day moving average price is $4.40 and its 200-day moving average price is $4.79. The Real Brokerage Inc. has a 52-week low of $3.55 and a 52-week high of $6.75. The company has a market cap of $856.27 million, a price-to-earnings ratio of -24.05 and a beta of 1.12.

Real Brokerage (NASDAQ:REAX - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates 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%. The firm had revenue of $353.98 million for the quarter, compared to the consensus estimate of $332.92 million. As a group, equities research analysts forecast that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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