Jacobs Levy Equity Management Inc. Has $4.21 Million Holdings in The Real Brokerage Inc. $REAX

Key Points

• Jacobs Levy Equity Management Inc. has increased its stake in The Real Brokerage Inc. by 33.4%, now holding over 1 million shares valued at approximately $4.2 million.
• The Real Brokerage's stock price has seen a decline of 3.2%, currently trading at $5.08, despite the company having a significant stock repurchase plan approved for up to $150 million.
• Research analysts have mixed views on the stock, with a consensus rating of "Buy" and an average target price of $6.33, while one analyst downgraded it from "buy" to "hold".

Jacobs Levy Equity Management Inc. increased its stake in The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 33.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,036,363 shares of the company's stock after purchasing an additional 259,334 shares during the period. Jacobs Levy Equity Management Inc. owned 0.52% of Real Brokerage worth $4,208,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of REAX. Nuveen LLC bought a new position in Real Brokerage in the 1st quarter worth approximately $4,660,000. Shay Capital LLC raised its position in shares of Real Brokerage by 69.3% during the 4th quarter. Shay Capital LLC now owns 533,285 shares of the company's stock valued at $2,453,000 after acquiring an additional 218,285 shares during the last quarter. Squarepoint Ops LLC raised its position in shares of Real Brokerage by 852.9% during the 4th quarter. Squarepoint Ops LLC now owns 160,410 shares of the company's stock valued at $738,000 after acquiring an additional 143,576 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Real Brokerage during the 4th quarter valued at $633,000. Finally, Cubist Systematic Strategies LLC raised its position in shares of Real Brokerage by 63.8% during the 4th quarter. Cubist Systematic Strategies LLC now owns 328,660 shares of the company's stock valued at $1,512,000 after acquiring an additional 128,056 shares during the last quarter. Institutional investors own 53.28% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on REAX shares. B. Riley started coverage on shares of Real Brokerage in a research report on Wednesday, June 25th. They set a "buy" rating and a $7.00 target price for the company. Jones Trading reiterated a "buy" rating and set a $6.00 target price on shares of Real Brokerage in a research report on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of Real Brokerage from a "hold" rating to a "buy" rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $6.33.

Real Brokerage Trading Down 2.7%

Shares of REAX stock traded down $0.14 on Friday, hitting $4.97. The stock had a trading volume of 2,490,694 shares, compared to its average volume of 2,632,069. The Real Brokerage Inc. has a twelve month low of $3.80 and a twelve month high of $6.61. The firm has a market cap of $982.82 million, a P/E ratio of -99.40 and a beta of 1.05. The company has a fifty day moving average price of $4.48 and a two-hundred day moving average price of $4.40.

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

Real Brokerage declared that its Board of Directors has initiated a stock repurchase plan on Friday, May 30th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to buy up to 17.8% of its shares through open market purchases. Shares repurchase plans are often a sign 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.