Numerai GP LLC Has $1.22 Million Holdings in The Real Brokerage Inc. (NASDAQ:REAX)

Numerai GP LLC lessened its stake in shares of The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 47.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 265,996 shares of the company's stock after selling 240,424 shares during the quarter. Numerai GP LLC owned approximately 0.13% of Real Brokerage worth $1,224,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Aquatic Capital Management LLC bought a new stake in Real Brokerage in the 4th quarter valued at $25,000. Golden State Wealth Management LLC acquired a new position in shares of Real Brokerage during the fourth quarter worth about $28,000. Sound Income Strategies LLC bought a new position in Real Brokerage in the 4th quarter worth approximately $47,000. Oxford Asset Management LLP bought a new position in Real Brokerage during the fourth quarter valued at about $49,000. Finally, Corton Capital Inc. acquired a new stake in Real Brokerage during the fourth quarter valued at approximately $51,000. Hedge funds and other institutional investors own 53.28% of the company's stock.

Real Brokerage Price Performance

Shares of NASDAQ:REAX traded down $0.04 during trading hours on Monday, hitting $4.30. 208,080 shares of the company's stock traded hands, compared to its average volume of 909,367. The business has a fifty day moving average price of $4.40 and a 200-day moving average price of $4.79. The firm has a market capitalization of $849.35 million, a P/E ratio of -23.86 and a beta of 1.12. The Real Brokerage Inc. has a 1 year low of $3.55 and a 1 year high of $6.75.

Real Brokerage (NASDAQ:REAX - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.03. The company had revenue of $353.98 million for the quarter, compared to analysts' expectations of $332.92 million. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. As a group, equities analysts predict that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.