Bosun Asset Management LLC Sells 244,332 Shares of The Real Brokerage Inc. (NASDAQ:REAX)

Bosun Asset Management LLC trimmed its position in The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 36.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 422,744 shares of the company's stock after selling 244,332 shares during the period. Real Brokerage makes up approximately 0.8% of Bosun Asset Management LLC's holdings, making the stock its 29th biggest holding. Bosun Asset Management LLC owned 0.21% of Real Brokerage worth $1,945,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Aquatic Capital Management LLC acquired a new stake in Real Brokerage in the fourth quarter worth $25,000. Golden State Wealth Management LLC bought a new position in Real Brokerage during the fourth quarter worth about $28,000. Sound Income Strategies LLC acquired a new position in Real Brokerage in the fourth quarter valued at about $47,000. Oxford Asset Management LLP bought a new stake in shares of Real Brokerage in the fourth quarter worth about $49,000. Finally, Townsquare Capital LLC bought a new stake in shares of Real Brokerage in the fourth quarter worth about $65,000. Institutional investors own 53.28% of the company's stock.

Analyst Upgrades and Downgrades

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

Real Brokerage Stock Performance

NASDAQ REAX traded down $0.18 on Friday, reaching $4.14. The company had a trading volume of 1,298,865 shares, compared to its average volume of 878,361. The company's fifty day moving average is $4.42 and its 200-day moving average is $4.83. The firm has a market capitalization of $818.70 million, a price-to-earnings ratio of -23.00 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 posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.03. The business had revenue of $353.98 million during the quarter, compared to the consensus estimate of $332.92 million. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. On average, research analysts forecast that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

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.