Real Brokerage (NASDAQ:REAX) Major Shareholder Sells 52,876 Shares of Stock

Key Points

• Major shareholder David Liniger sold 52,876 Real Brokerage shares at an average price of $19.12, generating about $1.01 million. He retained 5.54 million shares, with ownership declining 0.95%.
• REAX shares rose 4.1% to $17.21, but remain well below their 52-week high of $51.60. The company reported a quarterly loss of $0.30 per share on $700.58 million in revenue.
• Institutional investors own 53.28% of the company, while analysts maintain a consensus “Moderate Buy” rating with a $50.00 target price.

The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report) major shareholder David Liniger sold 52,876 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $19.12, for a total value of $1,010,989.12. Following the completion of the transaction, the insider directly owned 5,539,905 shares of the company's stock, valued at approximately $105,922,983.60. This represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Real Brokerage Trading Up 4.1%

REAX traded up $0.68 on Monday, hitting $17.21. 864,853 shares of the company's stock were exchanged, compared to its average volume of 403,013. The Real Brokerage Inc. has a fifty-two week low of $15.50 and a fifty-two week high of $51.60. The firm has a 50-day moving average price of $20.58 and a 200-day moving average price of $21.11. The stock has a market cap of $375.07 million, a price-to-earnings ratio of -24.59 and a beta of 0.79.

Real Brokerage (NASDAQ:REAX - Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported ($0.30) EPS for the quarter. The business had revenue of $700.58 million during the quarter. Real Brokerage had a negative net margin of 0.72% and a negative return on equity of 25.32%. On average, equities analysts predict that The Real Brokerage Inc. will post -0.45 EPS for the current year.

Institutional Trading of Real Brokerage

Several hedge funds have recently made changes to their positions in REAX. Squarepoint Ops LLC raised its position in shares of Real Brokerage by 187.3% during the 2nd quarter. Squarepoint Ops LLC now owns 629,469 shares of the company's stock valued at $1,146,000 after buying an additional 410,364 shares during the period. Whetstone Capital Advisors LLC purchased a new position in Real Brokerage in the fourth quarter worth approximately $720,000. Bank of New York Mellon Corp acquired a new stake in Real Brokerage during the second quarter worth $680,000. State of Wyoming increased its stake in Real Brokerage by 6.4% during the fourth quarter. State of Wyoming now owns 118,989 shares of the company's stock worth $434,000 after acquiring an additional 7,164 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in Real Brokerage by 110.9% in the first quarter. Hsbc Holdings PLC now owns 124,204 shares of the company's stock valued at $308,000 after purchasing an additional 65,311 shares during the period. Hedge funds and other institutional investors own 53.28% of the company's stock.

Analyst Ratings Changes

REAX has been the topic of a number of research reports. Weiss Ratings raised shares of Real Brokerage from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, September 8th. Wall Street Zen raised Real Brokerage to a "hold" rating in a report on Saturday, September 5th. BTIG Research reissued a "buy" rating and set a $35.00 price objective (up from $4.25) on shares of Real Brokerage in a research note on Thursday, August 27th. Edward Jones dropped their target price on Real Brokerage from $50.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Finally, JonesTrading reaffirmed a "buy" rating and issued a $40.00 target price on shares of Real Brokerage in a research note on Friday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Real Brokerage has a consensus rating of "Moderate Buy" and a consensus target price 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.

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