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

Harbor Capital Advisors Inc. reduced its stake in The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 20.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Real Brokerage by 8.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,927 shares of the company's stock valued at $262,000 after buying an additional 4,672 shares during the period. Rhumbline Advisers raised its holdings in Real Brokerage by 4.1% in the 4th quarter. Rhumbline Advisers now owns 124,324 shares of the company's stock valued at $572,000 after buying an additional 4,906 shares during the period. Blair William & Co. IL raised its holdings in Real Brokerage by 20.0% in the 4th quarter. Blair William & Co. IL now owns 30,000 shares of the company's stock valued at $138,000 after buying an additional 5,000 shares during the period. Aquatic Capital Management LLC purchased a new stake in Real Brokerage in the 4th quarter valued at about $25,000. Finally, Bank of Montreal Can increased its stake in Real Brokerage by 37.5% during the fourth quarter. Bank of Montreal Can now owns 26,100 shares of the company's stock worth $120,000 after purchasing an additional 7,119 shares during the period. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

Real Brokerage Stock Down 2.2%

NASDAQ:REAX traded down $0.09 on Monday, reaching $4.01. 801,158 shares of the company's stock were exchanged, compared to its average volume of 925,821. The firm has a market capitalization of $792.99 million, a price-to-earnings ratio of -22.28 and a beta of 1.04. The business has a fifty day moving average of $4.34 and a 200-day moving average of $4.61. 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 issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.03. The company had revenue of $353.98 million for the quarter, compared to analyst estimates of $332.92 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 anticipate that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

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

Wall Street Analyst Weigh In

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