The Real Brokerage Inc. (NASDAQ:REAX) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its stake in shares of The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 53.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 759,100 shares of the company's stock after buying an additional 264,600 shares during the period. Renaissance Technologies LLC owned approximately 0.38% of Real Brokerage worth $3,492,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in REAX. State Street Corp lifted its stake in shares of Real Brokerage by 48.0% during the third quarter. State Street Corp now owns 1,364,358 shares of the company's stock worth $7,572,000 after buying an additional 442,612 shares during the period. Jane Street Group LLC lifted its stake in shares of Real Brokerage by 488.7% during the third quarter. Jane Street Group LLC now owns 134,089 shares of the company's stock worth $744,000 after buying an additional 111,312 shares during the period. Barclays PLC lifted its stake in shares of Real Brokerage by 337.7% during the third quarter. Barclays PLC now owns 141,188 shares of the company's stock worth $782,000 after buying an additional 108,928 shares during the period. Geode Capital Management LLC raised its holdings in shares of Real Brokerage by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,224,183 shares of the company's stock worth $6,794,000 after purchasing an additional 14,045 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Real Brokerage during the third quarter worth $155,000. 53.28% of the stock is currently owned by institutional investors and hedge funds.

Real Brokerage Stock Performance

Shares of Real Brokerage stock traded down $0.03 during trading on Monday, hitting $4.56. 439,919 shares of the company's stock were exchanged, compared to its average volume of 889,633. The business has a 50-day simple moving average of $4.56 and a 200-day simple moving average of $4.88. The Real Brokerage Inc. has a 52-week low of $3.55 and a 52-week high of $6.75. The stock has a market capitalization of $901.76 million, a price-to-earnings ratio of -25.33 and a beta of 1.13.

Real Brokerage (NASDAQ:REAX - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $350.63 million during the quarter, compared to analysts' expectations of $300.11 million. On average, equities analysts anticipate 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 set a $6.00 target price 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.