Numerai GP LLC Sells 240,424 Shares of The Real Brokerage Inc. (NASDAQ:REAX)

Numerai GP LLC trimmed its position in The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 47.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 265,996 shares of the company's stock after selling 240,424 shares during the period. Numerai GP LLC owned 0.13% of Real Brokerage worth $1,224,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Real Brokerage by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 1,264,640 shares of the company's stock worth $5,817,000 after acquiring an additional 40,457 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Real Brokerage by 31.6% in the fourth quarter. JPMorgan Chase & Co. now owns 831,829 shares of the company's stock worth $3,826,000 after acquiring an additional 199,913 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Real Brokerage in the fourth quarter worth $3,574,000. Renaissance Technologies LLC grew its stake in shares of Real Brokerage by 53.5% in the fourth quarter. Renaissance Technologies LLC now owns 759,100 shares of the company's stock worth $3,492,000 after acquiring an additional 264,600 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Real Brokerage by 3.3% in the fourth quarter. Federated Hermes Inc. now owns 679,373 shares of the company's stock worth $3,125,000 after acquiring an additional 21,585 shares during the last quarter. 53.28% of the stock is owned by hedge funds and other institutional investors.

Real Brokerage Price Performance

Shares of Real Brokerage stock traded down $0.04 during trading on Friday, hitting $4.33. 4,475,865 shares of the company's stock traded hands, compared to its average volume of 895,119. The Real Brokerage Inc. has a 1 year low of $3.55 and a 1 year high of $6.75. The stock has a market capitalization of $856.27 million, a P/E ratio of -24.05 and a beta of 1.12. The business has a 50-day simple moving average of $4.40 and a 200-day simple moving average of $4.80.

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

Analyst Ratings Changes

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

Real Brokerage Company 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.