The Real Brokerage Inc. $REAX Shares Acquired by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. boosted its stake in The Real Brokerage by 37.3%, adding 498,536 shares to hold 1,833,629 shares (about 0.87% of the company) worth roughly $7.67 million at quarter end.
• The company beat the latest quarter's estimates with EPS of -$0.02 vs. -$0.03 expected and revenue of $505.14M vs. $477.98M expected, though margins and return on equity remain negative.
• Analysts' consensus is a "Moderate Buy" with an average target of $5.75, while the stock trades near $2.41 with a market cap of about $510M and a negative PE of -80.33.

JPMorgan Chase & Co. increased its position in shares of The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 37.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,833,629 shares of the company's stock after purchasing an additional 498,536 shares during the period. JPMorgan Chase & Co. owned 0.87% of Real Brokerage worth $7,665,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC acquired a new stake in Real Brokerage in the third quarter valued at $25,000. Lido Advisors LLC acquired a new position in shares of Real Brokerage during the 3rd quarter worth about $42,000. Envestnet Asset Management Inc. purchased a new position in shares of Real Brokerage in the 2nd quarter valued at about $47,000. Inscription Capital LLC purchased a new position in shares of Real Brokerage in the 3rd quarter valued at about $44,000. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Real Brokerage during the 2nd quarter worth about $50,000. Hedge funds and other institutional investors own 53.28% of the company's stock.

Real Brokerage Stock Up 0.4%

Shares of REAX stock opened at $2.41 on Tuesday. The stock's 50-day moving average price is $2.84 and its 200 day moving average price is $3.59. The stock has a market capitalization of $510.44 million, a PE ratio of -80.33 and a beta of 1.02. The Real Brokerage Inc. has a 52-week low of $2.31 and a 52-week high of $5.41.

Real Brokerage (NASDAQ:REAX - Get Free Report) last posted its quarterly earnings data on Thursday, March 5th. The company reported ($0.02) earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.01. The company had revenue of $505.14 million during the quarter, compared to analysts' expectations of $477.98 million. Real Brokerage had a negative return on equity of 17.37% and a negative net margin of 0.41%. Analysts expect that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

REAX has been the subject of several recent analyst reports. Zelman & Associates restated a "neutral" rating on shares of Real Brokerage in a research note on Thursday, March 5th. William Blair reiterated an "outperform" rating on shares of Real Brokerage in a research note on Wednesday, March 4th. Weiss Ratings restated a "sell (d-)" rating on shares of Real Brokerage in a research report on Thursday, January 22nd. BTIG Research dropped their target price on shares of Real Brokerage from $6.00 to $4.50 and set a "buy" rating on the stock in a research report on Wednesday, March 4th. Finally, Freedom Capital upgraded shares of Real Brokerage to a "strong-buy" rating in a research note on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Real Brokerage presently has an average rating of "Moderate Buy" and a consensus target price of $5.75.

Real Brokerage Profile

Real Brokerage Inc is a publicly traded, cloud-based residential real estate brokerage headquartered in Toronto, Canada, with operations across the United States and Canada. The company’s platform offers licensed real estate professionals a fully integrated suite of digital tools designed to streamline every phase of the property transaction process, from lead generation to closing.

Through its proprietary technology, Real Brokerage provides agents with transaction management, customer relationship management, digital marketing automation and real-time analytics in a single, user-friendly interface.

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