137,645 Shares in The Real Brokerage Inc. (NASDAQ:REAX) Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets bought a new stake in The Real Brokerage Inc. (NASDAQ:REAX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 137,645 shares of the company's stock, valued at approximately $633,000. BNP Paribas Financial Markets owned 0.07% of Real Brokerage at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in REAX. Aquatic Capital Management LLC purchased a new stake in Real Brokerage during the 4th quarter valued at about $25,000. Golden State Wealth Management LLC purchased a new position in shares of Real Brokerage in the fourth quarter worth about $28,000. Sound Income Strategies LLC acquired a new stake in shares of Real Brokerage during the fourth quarter worth about $47,000. Oxford Asset Management LLP purchased a new stake in Real Brokerage in the fourth quarter valued at approximately $49,000. Finally, Townsquare Capital LLC purchased a new stake in Real Brokerage in the fourth quarter valued at approximately $65,000. 53.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Real Brokerage Stock Performance

NASDAQ REAX traded up $0.03 on Tuesday, reaching $4.16. 613,228 shares of the company's stock traded hands, compared to its average volume of 904,974. The stock has a 50 day moving average price of $4.37 and a 200-day moving average price of $4.73. The firm has a market cap of $822.66 million, a price-to-earnings ratio of -23.11 and a beta of 1.12. The Real Brokerage Inc. has a fifty-two week low of $3.55 and a fifty-two week high of $6.75.

Real Brokerage (NASDAQ:REAX - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.03. The business had revenue of $353.98 million during the quarter, compared to analysts' expectations of $332.92 million. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. As a group, equities research analysts anticipate that The Real Brokerage Inc. will post -0.1 EPS for the current fiscal 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.