JPMorgan Chase & Co. Has $3.83 Million Stock Holdings in The Real Brokerage Inc. (NASDAQ:REAX)

JPMorgan Chase & Co. increased its holdings in The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 31.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 831,829 shares of the company's stock after buying an additional 199,913 shares during the quarter. JPMorgan Chase & Co. owned about 0.42% of Real Brokerage worth $3,826,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in Real Brokerage during the 4th quarter valued at $28,000. Sound Income Strategies LLC bought a new position in Real Brokerage during the fourth quarter valued at about $47,000. US Bancorp DE acquired a new position in Real Brokerage during the fourth quarter worth about $85,000. Paragon Advisors LLC bought a new stake in Real Brokerage in the fourth quarter worth about $90,000. Finally, Franklin Resources Inc. acquired a new stake in Real Brokerage in the 3rd quarter valued at about $138,000. 53.28% of the stock is currently owned by institutional investors and hedge funds.

Real Brokerage Stock Performance

REAX traded down $0.13 during trading on Friday, reaching $4.53. The company had a trading volume of 124,322 shares, compared to its average volume of 885,678. The firm's 50-day simple moving average is $4.59 and its 200 day simple moving average is $4.90. The company has a market cap of $894.84 million, a price-to-earnings ratio of -25.19 and a beta of 1.13. The Real Brokerage Inc. has a 12-month low of $3.55 and a 12-month high of $6.75.

Real Brokerage (NASDAQ:REAX - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. The business had revenue of $350.63 million for the quarter, compared to analyst estimates of $300.11 million. On average, sell-side analysts expect that The Real Brokerage Inc. will post -0.1 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.