Insight Holdings Group LLC Sells 22,778,134 Shares of The Real Brokerage Inc. $REAX

Insight Holdings Group LLC trimmed its stake in The Real Brokerage Inc. (NASDAQ:REAX) by 74.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,623,461 shares of the company’s stock after selling 22,778,134 shares during the quarter. Real Brokerage makes up 2.0% of Insight Holdings Group LLC’s holdings, making the stock its 11th biggest position. Insight Holdings Group LLC owned approximately 3.60% of Real Brokerage worth $31,866,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Farther Finance Advisors LLC bought a new stake in shares of Real Brokerage in the 3rd quarter worth approximately $25,000. Inscription Capital LLC bought a new position in Real Brokerage during the third quarter valued at $44,000. Envestnet Asset Management Inc. purchased a new stake in Real Brokerage in the second quarter worth $47,000. Ameriprise Financial Inc. bought a new stake in shares of Real Brokerage in the third quarter valued at $47,000. Finally, Thrivent Financial for Lutherans purchased a new position in shares of Real Brokerage during the 2nd quarter valued at $50,000. Hedge funds and other institutional investors own 53.28% of the company’s stock.

Real Brokerage Trading Down 4.9%

REAX stock opened at $2.35 on Monday. The firm has a 50 day moving average of $3.17 and a 200-day moving average of $3.81. The firm has a market capitalization of $497.73 million, a P/E ratio of -78.33 and a beta of 1.02. The Real Brokerage Inc. has a 12 month low of $2.34 and a 12 month high of $5.41.

Real Brokerage (NASDAQ:REAX) last posted its earnings results on Wednesday, March 4th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $505.14 million for the quarter, compared to analyst estimates of $477.98 million. Sell-side analysts predict that The Real Brokerage Inc. will post -0.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on REAX. William Blair reissued an “outperform” rating on shares of Real Brokerage in a report on Wednesday, March 4th. BTIG Research reduced their target price on shares of Real Brokerage from $6.00 to $4.50 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Real Brokerage in a research note on Thursday, January 22nd. Freedom Capital raised shares of Real Brokerage to a “strong-buy” rating in a report on Friday, January 23rd. Finally, Zelman & Associates reiterated a “neutral” rating on shares of Real Brokerage in a research note on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. 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 Company 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.