Granahan Investment Management LLC Sells 222,920 Shares of The Real Brokerage Inc. $REAX

Key Points

• Granahan Investment Management LLC has reduced its stake in The Real Brokerage Inc. by **33.6%**, selling **222,920 shares** in the first quarter.
• Despite the reduction by Granahan, **other institutional investors** have increased their holdings, including AWM Investment Company, which raised its stake by **1.2%**.
• The latest analyst reports provide a consensus **"Buy" rating** for Real Brokerage with an average target price of **$6.33**, with a recent downgrade from Wall Street Zen from "buy" to "hold".

Granahan Investment Management LLC decreased its position in shares of The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 33.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 441,361 shares of the company's stock after selling 222,920 shares during the quarter. Granahan Investment Management LLC owned about 0.22% of Real Brokerage worth $1,792,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in REAX. New York State Teachers Retirement System acquired a new stake in shares of Real Brokerage in the first quarter worth $37,000. Diversified Trust Co bought a new position in Real Brokerage in the first quarter worth $47,000. Golden State Wealth Management LLC lifted its position in shares of Real Brokerage by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 12,000 shares of the company's stock worth $49,000 after buying an additional 6,000 shares during the period. Corton Capital Inc. acquired a new stake in Real Brokerage during the 4th quarter valued at $51,000. Finally, Trexquant Investment LP acquired a new stake in shares of Real Brokerage in the first quarter valued at approximately $58,000. Institutional investors own 53.28% of the company's stock.

Wall Street Analysts Forecast Growth

REAX has been the subject of several research analyst reports. Wall Street Zen lowered Real Brokerage from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. B. Riley started coverage on shares of Real Brokerage in a research report on Wednesday, June 25th. They issued a "buy" rating and a $7.00 target price for the company. Finally, Jones Trading restated a "buy" rating and issued a $6.00 price target on shares of Real Brokerage in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $6.33.

Real Brokerage Stock Up 2.1%

Real Brokerage stock traded up $0.11 during midday trading on Thursday, reaching $5.15. The stock had a trading volume of 2,637,813 shares, compared to its average volume of 1,161,797. The firm has a market capitalization of $1.02 billion, a PE ratio of -102.70 and a beta of 1.05. The Real Brokerage Inc. has a 12 month low of $3.80 and a 12 month high of $6.61. The firm's 50-day moving average price is $4.45 and its 200 day moving average price is $4.41.

Real Brokerage (NASDAQ:REAX - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.01 EPS for the quarter. The company had revenue of $540.75 million for the quarter, compared to analyst estimates of $510.58 million. Real Brokerage had a negative net margin of 0.78% and a negative return on equity of 35.33%. Equities research analysts expect that The Real Brokerage Inc. will post -0.1 EPS for the current year.

Real Brokerage declared that its board has authorized a share buyback plan on Friday, May 30th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 17.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Real Brokerage 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.