Portolan Capital Management LLC Increases Stake in The Real Brokerage Inc. $REAX

Portolan Capital Management LLC lifted its position in The Real Brokerage Inc. (NASDAQ:REAX) by 190.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,769,203 shares of the company’s stock after acquiring an additional 3,783,281 shares during the quarter. Real Brokerage accounts for approximately 1.3% of Portolan Capital Management LLC’s investment portfolio, making the stock its 21st largest holding. Portolan Capital Management LLC’s holdings in Real Brokerage were worth $24,115,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in REAX. Fortitude Advisory Group L.L.C. grew its holdings in Real Brokerage by 2.6% during the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 108,425 shares of the company’s stock worth $453,000 after acquiring an additional 2,730 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Real Brokerage by 9.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,917 shares of the company’s stock valued at $166,000 after purchasing an additional 3,173 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Real Brokerage by 3.4% in the 2nd quarter. Squarepoint Ops LLC now owns 113,428 shares of the company’s stock valued at $512,000 after purchasing an additional 3,682 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Real Brokerage by 6.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,673 shares of the company’s stock worth $246,000 after purchasing an additional 3,746 shares during the period. Finally, Optimize Financial Inc boosted its stake in shares of Real Brokerage by 13.6% during the third quarter. Optimize Financial Inc now owns 34,699 shares of the company’s stock valued at $145,000 after purchasing an additional 4,141 shares in the last quarter. 53.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

REAX has been the topic of several research reports. BTIG Research cut their price objective on shares of Real Brokerage from $6.00 to $4.50 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Freedom Capital upgraded Real Brokerage to a “strong-buy” rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Real Brokerage in a research report on Thursday, January 22nd. JonesTrading reiterated a “buy” rating and issued a $5.00 price target on shares of Real Brokerage in a report on Wednesday, March 4th. Finally, William Blair reissued an “outperform” rating on shares of Real Brokerage in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Real Brokerage has an average rating of “Moderate Buy” and a consensus target price of $5.83.

Real Brokerage Stock Performance

NASDAQ:REAX opened at $2.35 on Friday. The company’s 50-day simple moving average is $3.17 and its 200-day simple moving average is $3.83. The Real Brokerage Inc. has a fifty-two week low of $2.34 and a fifty-two week high of $5.41. The stock has a market capitalization of $497.73 million, a P/E ratio of -78.33 and a beta of 1.01.

Real Brokerage (NASDAQ:REAX) last posted its quarterly earnings data on Wednesday, March 4th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. Real Brokerage had a negative net margin of 0.41% and a negative return on equity of 17.37%. The firm had revenue of $505.14 million during the quarter, compared to analyst estimates of $477.98 million. On average, research analysts forecast that The Real Brokerage Inc. will post -0.1 EPS for the current year.

Real Brokerage Profile

Real Brokerage Inc is a publicly traded, cloud-based residential real estate brokerage headquartered in Toronto, Canada, with operations across the United States and Canada. The company’s platform offers licensed real estate professionals a fully integrated suite of digital tools designed to streamline every phase of the property transaction process, from lead generation to closing.

Through its proprietary technology, Real Brokerage provides agents with transaction management, customer relationship management, digital marketing automation and real-time analytics in a single, user-friendly interface.