Wealth Enhancement Advisory Services LLC Has $377,000 Position in The Real Brokerage Inc. (NASDAQ:REAX)

Wealth Enhancement Advisory Services LLC boosted its stake in The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 694.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,781 shares of the company's stock after buying an additional 81,107 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Real Brokerage were worth $377,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Aquatic Capital Management LLC bought a new stake in shares of Real Brokerage during the fourth quarter worth $25,000. Oxford Asset Management LLP bought a new stake in shares of Real Brokerage during the fourth quarter worth $49,000. Corton Capital Inc. bought a new stake in shares of Real Brokerage during the fourth quarter worth $51,000. Townsquare Capital LLC bought a new stake in shares of Real Brokerage during the fourth quarter worth $65,000. Finally, US Bancorp DE bought a new stake in shares of Real Brokerage during the fourth quarter worth $85,000. Institutional investors and hedge funds own 53.28% of the company's stock.

Real Brokerage Stock Performance

NASDAQ REAX traded up $0.02 during trading hours on Thursday, hitting $4.26. 651,596 shares of the company traded hands, compared to its average volume of 896,019. The business's 50-day moving average is $4.22 and its 200-day moving average is $4.51. The Real Brokerage Inc. has a twelve month low of $3.80 and a twelve month high of $6.75. The stock has a market capitalization of $842.42 million, a price-to-earnings ratio of -60.86 and a beta of 1.04.

Real Brokerage (NASDAQ:REAX - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 49.13% and a negative net margin of 1.09%. Analysts predict that The Real Brokerage Inc. will post -0.1 EPS for the current year.

Real Brokerage declared that its board has approved a share buyback program on Friday, May 30th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 17.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

REAX has been the subject of a number of recent research reports. Wall Street Zen downgraded Real Brokerage from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. B. Riley began coverage on Real Brokerage in a report on Wednesday, June 25th. They issued a "buy" rating and a $7.00 price objective for the company.

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.