Millennium Management LLC Sells 260,200 Shares of The Real Brokerage Inc. (NASDAQ:REAX)

Millennium Management LLC reduced its stake in The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 58.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 184,861 shares of the company's stock after selling 260,200 shares during the quarter. Millennium Management LLC owned about 0.09% of Real Brokerage worth $850,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Aquatic Capital Management LLC bought a new position in Real Brokerage during the 4th quarter worth approximately $25,000. Golden State Wealth Management LLC acquired a new stake in shares of Real Brokerage during the fourth quarter worth $28,000. Oxford Asset Management LLP bought a new position in Real Brokerage during the fourth quarter worth $49,000. Corton Capital Inc. acquired a new position in Real Brokerage in the fourth quarter valued at $51,000. Finally, Townsquare Capital LLC acquired a new position in Real Brokerage in the fourth quarter valued at $65,000. 53.28% of the stock is currently owned by institutional investors.

Real Brokerage Trading Up 0.2%

REAX stock traded up $0.01 during mid-day trading on Tuesday, reaching $4.25. The company's stock had a trading volume of 666,963 shares, compared to its average volume of 917,176. The company has a market cap of $840.45 million, a price-to-earnings ratio of -23.61 and a beta of 1.04. The business's 50 day moving average price is $4.35 and its 200 day moving average price is $4.65. The Real Brokerage Inc. has a 12 month low of $3.55 and a 12 month high of $6.75.

Real Brokerage (NASDAQ:REAX - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. The company had revenue of $353.98 million during the quarter, compared to the consensus estimate of $332.92 million. As a group, equities analysts expect that The Real Brokerage Inc. will post -0.1 EPS for the current fiscal year.

Real Brokerage announced that its board has authorized a stock repurchase plan on Friday, May 30th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to purchase up to 17.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

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

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.