NewEdge Wealth LLC Purchases Shares of 280,000 The Real Brokerage Inc. (NASDAQ:REAX)

NewEdge Wealth LLC purchased a new stake in shares of The Real Brokerage Inc. (NASDAQ:REAX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 280,000 shares of the company's stock, valued at approximately $448,000. NewEdge Wealth LLC owned 0.16% of Real Brokerage as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. LPL Financial LLC acquired a new stake in Real Brokerage in the second quarter worth approximately $29,000. Wells Fargo & Company MN lifted its holdings in shares of Real Brokerage by 58.3% in the second quarter. Wells Fargo & Company MN now owns 19,000 shares of the company's stock valued at $36,000 after buying an additional 7,000 shares during the period. Geode Capital Management LLC grew its holdings in Real Brokerage by 19.6% during the second quarter. Geode Capital Management LLC now owns 52,118 shares of the company's stock worth $99,000 after acquiring an additional 8,527 shares during the period. HBK Sorce Advisory LLC bought a new position in shares of Real Brokerage during the 1st quarter valued at about $105,000. Finally, Millennium Management LLC boosted its holdings in Real Brokerage by 64.0% during the second quarter. Millennium Management LLC now owns 71,383 shares of the company's stock worth $109,000 after buying an additional 27,861 shares in the last quarter. 53.28% of the stock is currently owned by institutional investors.

Real Brokerage Price Performance

Real Brokerage stock traded down $0.02 during midday trading on Thursday, reaching $3.34. The stock had a trading volume of 1,181,229 shares, compared to its average volume of 547,863. The firm's fifty day simple moving average is $3.22 and its two-hundred day simple moving average is $2.26. The firm has a market cap of $600.93 million, a price-to-earnings ratio of -22.27 and a beta of 1.15. The Real Brokerage Inc. has a twelve month low of $1.09 and a twelve month high of $4.58.

Real Brokerage (NASDAQ:REAX - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The business had revenue of $181.34 million for the quarter, compared to analyst estimates of $161.37 million. Real Brokerage had a negative net margin of 3.99% and a negative return on equity of 105.23%. As a group, sell-side analysts predict that The Real Brokerage Inc. will post -0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

REAX has been the subject of a number of recent research reports. Roth Mkm increased their price objective on Real Brokerage from $2.75 to $3.50 and gave the company a "buy" rating in a research report on Thursday, January 18th. Jonestrading reiterated a "buy" rating and issued a $4.00 price target on shares of Real Brokerage in a research report on Monday, April 8th.

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.