Jane Street Group LLC Decreases Stock Position in The Real Brokerage Inc. (NASDAQ:REAX)

Jane Street Group LLC reduced its position in shares of The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 85.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,327 shares of the company's stock after selling 114,762 shares during the period. Jane Street Group LLC's holdings in Real Brokerage were worth $89,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. PDT Partners LLC acquired a new stake in Real Brokerage during the 4th quarter worth approximately $240,000. Northern Trust Corp raised its position in Real Brokerage by 3.4% in the 4th quarter. Northern Trust Corp now owns 613,573 shares of the company's stock valued at $2,822,000 after purchasing an additional 19,920 shares in the last quarter. Tudor Investment Corp ET AL boosted 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 buying an additional 172,747 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of Real Brokerage during the fourth quarter worth about $25,000. Finally, Oxford Asset Management LLP purchased a new stake in shares of Real Brokerage during the fourth quarter worth approximately $49,000. 53.28% of the stock is owned by institutional investors and hedge funds.

Real Brokerage Stock Performance

NASDAQ:REAX traded down $0.01 during mid-day trading on Thursday, hitting $4.16. 760,922 shares of the company's stock traded hands, compared to its average volume of 922,237. The company has a market cap of $822.66 million, a PE ratio of -23.11 and a beta of 1.04. The firm's 50 day simple moving average is $4.35 and its 200 day simple moving average is $4.65. The Real Brokerage Inc. has a 1 year low of $3.55 and a 1 year high of $6.75.

Real Brokerage (NASDAQ:REAX - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.02) 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 firm had revenue of $353.98 million during the quarter, compared to analyst estimates of $332.92 million. On average, research analysts expect that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal year.

Real Brokerage declared that its Board of Directors has approved a share buyback plan on Friday, May 30th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 17.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, Jones Trading reissued a "buy" rating and issued a $6.00 price target on shares of Real Brokerage in a research report 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.