The Real Brokerage Inc. (NASDAQ:REAX) Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its holdings in The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 852.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 160,410 shares of the company's stock after acquiring an additional 143,576 shares during the quarter. Squarepoint Ops LLC owned 0.08% of Real Brokerage worth $738,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in REAX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Real Brokerage by 8.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,927 shares of the company's stock valued at $262,000 after acquiring an additional 4,672 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Real Brokerage by 4.1% during the 4th quarter. Rhumbline Advisers now owns 124,324 shares of the company's stock worth $572,000 after purchasing an additional 4,906 shares during the period. Blair William & Co. IL increased its holdings in shares of Real Brokerage by 20.0% during the 4th quarter. Blair William & Co. IL now owns 30,000 shares of the company's stock valued at $138,000 after purchasing an additional 5,000 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Real Brokerage during the 4th quarter valued at approximately $25,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Real Brokerage in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 53.28% of the company's stock.

Wall Street Analyst Weigh In

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

Real Brokerage Stock Up 1.9%

Shares of NASDAQ:REAX traded up $0.08 during trading on Friday, reaching $4.20. 1,197,150 shares of the company's stock traded hands, compared to its average volume of 914,877. The Real Brokerage Inc. has a fifty-two week low of $3.55 and a fifty-two week high of $6.75. The company has a 50-day simple moving average of $4.35 and a 200-day simple moving average of $4.67. The firm has a market cap of $830.57 million, a PE ratio of -23.33 and a beta of 1.04.

Real Brokerage (NASDAQ:REAX - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $353.98 million for the quarter, compared to the consensus estimate of $332.92 million. On average, equities research analysts forecast that The Real Brokerage Inc. will post -0.1 EPS for the current year.

Real Brokerage declared that its Board of Directors has initiated a share repurchase plan on Friday, May 30th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to buy up to 17.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is 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.