Squarepoint Ops LLC Acquires 410,364 Shares of The Real Brokerage Inc. $REAX

Key Points

• Squarepoint Ops LLC increased its Real Brokerage stake by 187.3% in the second quarter, purchasing 410,364 shares and bringing its total holdings to 629,469 shares, or approximately 2.89% of the company.
• Institutional investors own 53.28% of Real Brokerage, while the stock recently opened at $17.61—near its $15.50 one-year low and well below its $51.60 high.
• Real Brokerage reported a quarterly loss of $0.30 per share on $700.58 million in revenue. Analysts maintain a “Moderate Buy” consensus with an average price target of $50, although the company is expected to remain unprofitable this fiscal year.

Squarepoint Ops LLC raised its stake in shares of The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 187.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 629,469 shares of the company's stock after buying an additional 410,364 shares during the quarter. Squarepoint Ops LLC owned about 2.89% of Real Brokerage worth $1,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Corient Private Wealth LP purchased a new position in Real Brokerage during the second quarter valued at $100,000. Bank of New York Mellon Corp bought a new position in shares of Real Brokerage during the 2nd quarter valued at about $680,000. Private Client Services LLC boosted its holdings in shares of Real Brokerage by 61.0% during the 2nd quarter. Private Client Services LLC now owns 36,754 shares of the company's stock valued at $67,000 after purchasing an additional 13,926 shares during the last quarter. Royal Bank of Canada grew its position in shares of Real Brokerage by 126.1% during the first quarter. Royal Bank of Canada now owns 20,754 shares of the company's stock valued at $52,000 after purchasing an additional 11,573 shares in the last quarter. Finally, State of Wyoming grew its position in shares of Real Brokerage by 5.8% during the first quarter. State of Wyoming now owns 125,939 shares of the company's stock valued at $315,000 after purchasing an additional 6,950 shares in the last quarter. Institutional investors own 53.28% of the company's stock.

Real Brokerage Price Performance

Shares of NASDAQ REAX opened at $17.61 on Friday. The Real Brokerage Inc. has a 1-year low of $15.50 and a 1-year high of $51.60. The business's 50 day moving average is $20.66 and its two-hundred day moving average is $21.18. The stock has a market capitalization of $383.72 million, a P/E ratio of -25.16 and a beta of 0.79.

Real Brokerage (NASDAQ:REAX - Get Free Report) last released its earnings results on Tuesday, June 30th. The company reported ($0.30) earnings per share for the quarter. The company had revenue of $700.58 million for the quarter. Real Brokerage had a negative net margin of 0.72% and a negative return on equity of 25.32%. As a group, equities research analysts anticipate that The Real Brokerage Inc. will post -0.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Edward Jones decreased their target price on Real Brokerage from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. JonesTrading restated a "buy" rating and set a $40.00 price target on shares of Real Brokerage in a report on Friday, September 11th. Zacks Research raised Real Brokerage from a "strong sell" rating to a "hold" rating in a research note on Monday, September 7th. Zelman & Associates upgraded Real Brokerage to an "outperform" rating in a research report on Friday, August 7th. Finally, Weiss Ratings raised shares of Real Brokerage from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $50.00.

Real Brokerage Company Profile

Real Brokerage Inc is a technology-powered residential real estate brokerage that operates through a cloud-based platform. The company provides real estate agents with tools and services for managing transactions, client relationships, marketing, education, and other aspects of their businesses.

Real's platform is designed to support independent agents and teams while reducing the need for traditional physical office locations. Its business model combines brokerage services with technology, agent education, collaboration tools, and programs intended to promote agent retention and growth.

Founded in 2014, Real serves real estate professionals in the United States and Canada.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.