Harbor Capital Advisors Inc. Cuts Holdings in The Real Brokerage Inc. (NASDAQ:REAX)

Harbor Capital Advisors Inc. trimmed its position in shares of The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 20.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,655 shares of the company's stock after selling 81,588 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.16% of Real Brokerage worth $1,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. bought a new stake in shares of Real Brokerage in the 4th quarter worth about $3,574,000. Renaissance Technologies LLC grew its position in Real Brokerage by 53.5% in the fourth quarter. Renaissance Technologies LLC now owns 759,100 shares of the company's stock worth $3,492,000 after acquiring an additional 264,600 shares in the last quarter. Shay Capital LLC increased its stake in Real Brokerage by 69.3% during the fourth quarter. Shay Capital LLC now owns 533,285 shares of the company's stock worth $2,453,000 after acquiring an additional 218,285 shares during the last quarter. JPMorgan Chase & Co. raised its position in Real Brokerage by 31.6% during the fourth quarter. JPMorgan Chase & Co. now owns 831,829 shares of the company's stock valued at $3,826,000 after purchasing an additional 199,913 shares during the period. Finally, Tudor Investment Corp ET AL lifted its stake in shares of Real Brokerage by 109.4% in the 4th quarter. Tudor Investment Corp ET AL now owns 330,712 shares of the company's stock valued at $1,521,000 after purchasing an additional 172,747 shares during the last quarter. 53.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Real Brokerage Trading Down 1.4%

Shares of REAX stock traded down $0.06 during trading hours on Friday, reaching $4.10. 790,660 shares of the stock were exchanged, compared to its average volume of 922,686. The firm has a market capitalization of $810.79 million, a price-to-earnings ratio of -22.78 and a beta of 1.04. The Real Brokerage Inc. has a 12-month low of $3.55 and a 12-month high of $6.75. The company's 50-day moving average price is $4.35 and its 200-day moving average price is $4.64.

Real Brokerage (NASDAQ:REAX - Get Free Report) last announced its earnings results 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. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. The business had revenue of $353.98 million during the quarter, compared to analyst estimates of $332.92 million. On average, sell-side analysts expect that The Real Brokerage Inc. will post -0.1 EPS for the current year.

Real Brokerage declared that its Board of Directors has approved a share buyback program on Friday, May 30th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 17.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued.

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.