The Real Brokerage Inc. $REAX Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in The Real Brokerage Inc. (NASDAQ:REAX) by 15.6% in the first quarter, Holdings Channel reports. The institutional investor owned 1,797,000 shares of the company’s stock after selling 331,900 shares during the period. Renaissance Technologies LLC’s holdings in Real Brokerage were worth $4,492,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. State of Wyoming boosted its stake in shares of Real Brokerage by 5.8% during the 1st quarter. State of Wyoming now owns 125,939 shares of the company’s stock worth $315,000 after acquiring an additional 6,950 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of Real Brokerage in the 1st quarter valued at about $29,000. Hsbc Holdings PLC increased its stake in shares of Real Brokerage by 110.9% in the 1st quarter. Hsbc Holdings PLC now owns 124,204 shares of the company’s stock valued at $308,000 after purchasing an additional 65,311 shares in the last quarter. Abel Hall LLC acquired a new position in Real Brokerage in the 1st quarter worth about $31,000. Finally, SmartHarvest Portfolios LLC acquired a new position in Real Brokerage in the 1st quarter worth about $38,000. Institutional investors and hedge funds own 53.28% of the company’s stock.

Wall Street Analysts Forecast Growth

REAX has been the topic of several research analyst reports. BTIG Research reissued a “buy” rating and issued a $4.25 price objective on shares of Real Brokerage in a report on Monday, April 27th. B. Riley Financial reaffirmed a “buy” rating on shares of Real Brokerage in a research note on Friday, May 8th. Weiss Ratings lowered Real Brokerage from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 26th. Edward Jones dropped their price target on shares of Real Brokerage from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, JonesTrading reissued a “buy” rating and issued a $5.00 price target on shares of Real Brokerage in a report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $5.35.

Real Brokerage Price Performance

Shares of Real Brokerage stock opened at $1.99 on Friday. The stock has a market capitalization of $433.70 million, a P/E ratio of -66.33 and a beta of 0.78. The business has a 50 day simple moving average of $1.84 and a two-hundred day simple moving average of $2.31. The Real Brokerage Inc. has a 12 month low of $1.55 and a 12 month high of $5.41.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings results on Tuesday, June 30th. The company reported ($0.03) EPS for the quarter. Real Brokerage had a negative return on equity of 11.37% and a negative net margin of 0.32%.The firm had revenue of $700.58 million for the quarter. As a group, research analysts anticipate that The Real Brokerage Inc. will post -0.01 EPS for the current fiscal year.

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.