HBK Sorce Advisory LLC Raises Stock Position in The Real Brokerage Inc. (NASDAQ:REAX)

HBK Sorce Advisory LLC grew its holdings in The Real Brokerage Inc. (NASDAQ:REAX) by 17.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,000 shares of the company’s stock after buying an additional 10,500 shares during the period. HBK Sorce Advisory LLC’s holdings in Real Brokerage were worth $225,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. NewEdge Wealth LLC purchased a new position in shares of Real Brokerage during the 4th quarter worth about $448,000. TCI Wealth Advisors Inc. purchased a new position in shares of Real Brokerage during the 1st quarter worth about $49,000. Finally, Searcy Financial Services Inc. ADV purchased a new position in shares of Real Brokerage during the 1st quarter worth about $37,000. 53.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Jonestrading reaffirmed a “buy” rating and set a $4.00 price target on shares of Real Brokerage in a research note on Monday, April 8th.

Real Brokerage Stock Performance

Real Brokerage stock traded up $0.36 during trading hours on Friday, hitting $5.78. The company had a trading volume of 859,042 shares, compared to its average volume of 751,932. The firm has a market cap of $1.06 billion, a P/E ratio of -28.55 and a beta of 1.02. The Real Brokerage Inc. has a 1 year low of $1.28 and a 1 year high of $5.82. The company has a 50-day moving average price of $4.58 and a two-hundred day moving average price of $3.61.

Real Brokerage (NASDAQ:REAX) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). The company had revenue of $200.74 million during the quarter, compared to analysts’ expectations of $170.78 million. Real Brokerage had a negative net margin of 4.63% and a negative return on equity of 98.38%. As a group, equities research analysts anticipate that The Real Brokerage Inc. will post -0.12 EPS for the current year.

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.