Virtu Financial LLC Invests $155,000 in The Real Brokerage Inc. (NASDAQ:REAX)

Virtu Financial LLC acquired a new stake in The Real Brokerage Inc. (NASDAQ:REAX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,916 shares of the company’s stock, valued at approximately $155,000.

A number of other institutional investors have also recently made changes to their positions in the business. National Bank of Canada FI boosted its position in Real Brokerage by 198.8% in the 2nd quarter. National Bank of Canada FI now owns 5,975 shares of the company’s stock valued at $26,000 after buying an additional 3,975 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Real Brokerage in the second quarter valued at $52,000. Wolverine Trading LLC purchased a new position in Real Brokerage in the third quarter valued at $56,000. Intech Investment Management LLC acquired a new position in Real Brokerage during the 3rd quarter worth $98,000. Finally, Virtus Investment Advisers Inc. acquired a new stake in Real Brokerage in the 3rd quarter valued at about $117,000. Institutional investors and hedge funds own 53.28% of the company’s stock.

Real Brokerage Price Performance

NASDAQ:REAX opened at $4.65 on Thursday. The firm has a market capitalization of $919.56 million, a PE ratio of -25.83 and a beta of 0.95. The business’s fifty day moving average price is $5.30 and its 200 day moving average price is $5.31. The Real Brokerage Inc. has a 12 month low of $1.46 and a 12 month high of $6.75.

Real Brokerage (NASDAQ:REAX) last issued its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. The business had revenue of $372.49 million for the quarter, compared to analyst estimates of $334.61 million. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. During the same quarter last year, the company earned ($0.02) EPS. As a group, equities analysts anticipate that The Real Brokerage Inc. will post -0.1 EPS for the current year.

Analyst Ratings Changes

Separately, BTIG Research began coverage on Real Brokerage in a research report on Wednesday. They set a “buy” rating and a $6.00 price objective for the company.

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.