The Real Brokerage Inc. (NASDAQ:REAX) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 53.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 759,100 shares of the company’s stock after purchasing an additional 264,600 shares during the period. Renaissance Technologies LLC’s holdings in Real Brokerage were worth $3,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in REAX. Golden State Wealth Management LLC acquired a new stake in shares of Real Brokerage during the fourth quarter worth $28,000. Sound Income Strategies LLC bought a new stake in shares of Real Brokerage during the 4th quarter valued at about $47,000. US Bancorp DE acquired a new stake in Real Brokerage during the fourth quarter worth about $85,000. Paragon Advisors LLC bought a new position in Real Brokerage in the fourth quarter worth about $90,000. Finally, Bank of Montreal Can boosted its stake in Real Brokerage by 37.5% in the fourth quarter. Bank of Montreal Can now owns 26,100 shares of the company’s stock valued at $120,000 after acquiring an additional 7,119 shares during the period. Institutional investors and hedge funds own 53.28% of the company’s stock.

Real Brokerage Stock Performance

Shares of REAX opened at $4.66 on Wednesday. The firm has a fifty day moving average of $4.61 and a 200-day moving average of $4.90. The company has a market cap of $921.53 million, a price-to-earnings ratio of -25.89 and a beta of 1.13. The Real Brokerage Inc. has a 1 year low of $3.46 and a 1 year high of $6.75.

Real Brokerage (NASDAQ:REAX) last posted its earnings results on Thursday, March 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. The firm had revenue of $350.63 million during the quarter, compared to analyst estimates of $300.11 million. Analysts predict that The Real Brokerage Inc. will post -0.1 EPS for the current year.

Analyst Ratings Changes

Separately, Jones Trading reiterated a “buy” rating and set a $6.00 price target on shares of Real Brokerage in a research report on Thursday, March 6th.

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.