Squarepoint Ops LLC Has $738,000 Position in The Real Brokerage Inc. (NASDAQ:REAX)

Squarepoint Ops LLC boosted its stake in The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 852.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 160,410 shares of the company's stock after buying an additional 143,576 shares during the period. Squarepoint Ops LLC owned approximately 0.08% of Real Brokerage worth $738,000 at the end of the most recent quarter.

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

Real Brokerage Trading Down 3.2%

Shares of REAX traded down $0.14 during mid-day trading on Thursday, hitting $4.13. 841,939 shares of the company traded hands, compared to its average volume of 908,125. The Real Brokerage Inc. has a one year low of $3.55 and a one year high of $6.75. The business has a 50-day moving average of $4.35 and a 200 day moving average of $4.68. The stock has a market capitalization of $815.74 million, a price-to-earnings ratio of -22.80 and a beta of 1.04.

Real Brokerage (NASDAQ:REAX - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.03. The company had revenue of $353.98 million during the quarter, compared to analysts' expectations 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, analysts anticipate 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 program on Friday, May 30th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to purchase up to 17.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

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

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.