Jacobs Levy Equity Management Inc. bought a new position in The Real Brokerage Inc. (NASDAQ:REAX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 777,029 shares of the company's stock, valued at approximately $3,574,000. Jacobs Levy Equity Management Inc. owned approximately 0.39% of Real Brokerage as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in REAX. Barclays PLC boosted its position in Real Brokerage by 337.7% during the third quarter. Barclays PLC now owns 141,188 shares of the company's stock valued at $782,000 after buying an additional 108,928 shares during the period. JPMorgan Chase & Co. boosted its position in Real Brokerage by 607.9% during the third quarter. JPMorgan Chase & Co. now owns 631,916 shares of the company's stock valued at $3,507,000 after buying an additional 542,653 shares during the period. SG Americas Securities LLC boosted its position in Real Brokerage by 54.6% during the fourth quarter. SG Americas Securities LLC now owns 51,041 shares of the company's stock valued at $235,000 after buying an additional 18,032 shares during the period. Sound Income Strategies LLC purchased a new stake in Real Brokerage during the fourth quarter valued at about $47,000. Finally, Golden State Wealth Management LLC purchased a new stake in Real Brokerage during the fourth quarter valued at about $28,000. 53.28% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, Jones Trading reiterated a "buy" rating and set a $6.00 target price on shares of Real Brokerage in a report on Thursday, March 6th.
Check Out Our Latest Stock Report on Real Brokerage
Real Brokerage Price Performance
REAX stock traded up $0.02 during trading on Tuesday, reaching $4.35. The company had a trading volume of 855,017 shares, compared to its average volume of 896,110. The Real Brokerage Inc. has a 52 week low of $3.55 and a 52 week high of $6.75. The company has a market cap of $859.24 million, a P/E ratio of -24.14 and a beta of 1.12. The business has a 50 day moving average of $4.40 and a 200 day moving average of $4.78.
Real Brokerage (NASDAQ:REAX - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.03. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. The business had revenue of $353.98 million during the quarter, compared to the consensus estimate of $332.92 million. Research analysts expect that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.
About Real Brokerage
(
Free Report)
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.
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