Russell Investments Group Ltd. Sells 145,827 Shares of The Real Brokerage Inc. (NASDAQ:REAX)

Russell Investments Group Ltd. lessened its stake in shares of The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 38.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 231,537 shares of the company's stock after selling 145,827 shares during the period. Russell Investments Group Ltd. owned about 0.12% of Real Brokerage worth $1,065,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. State Street Corp lifted its stake in Real Brokerage by 48.0% in the 3rd quarter. State Street Corp now owns 1,364,358 shares of the company's stock valued at $7,572,000 after purchasing an additional 442,612 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Real Brokerage by 488.7% in the third quarter. Jane Street Group LLC now owns 134,089 shares of the company's stock valued at $744,000 after buying an additional 111,312 shares during the last quarter. Barclays PLC boosted its stake in shares of Real Brokerage by 337.7% during the 3rd quarter. Barclays PLC now owns 141,188 shares of the company's stock worth $782,000 after acquiring an additional 108,928 shares during the period. Geode Capital Management LLC increased its holdings in shares of Real Brokerage by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,224,183 shares of the company's stock worth $6,794,000 after acquiring an additional 14,045 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Real Brokerage in the 3rd quarter valued at $155,000. 53.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Real Brokerage Price Performance

NASDAQ REAX traded down $0.06 on Friday, reaching $4.59. The stock had a trading volume of 698,831 shares, compared to its average volume of 889,562. The firm has a fifty day moving average of $4.58 and a two-hundred day moving average of $4.89. The company has a market cap of $907.69 million, a P/E ratio of -25.50 and a beta of 1.13. 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, March 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $300.11 million. Research analysts predict that The Real Brokerage Inc. will post -0.1 EPS for the current fiscal year.

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.