47,606 Shares in The Real Brokerage Inc. (NASDAQ:REAX) Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. bought a new stake in The Real Brokerage Inc. (NASDAQ:REAX) during the fourth quarter, HoldingsChannel reports. The fund bought 47,606 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in Real Brokerage by 607.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 631,916 shares of the company’s stock valued at $3,507,000 after acquiring an additional 542,653 shares during the period. Renaissance Technologies LLC lifted its position in Real Brokerage by 53.5% during the fourth quarter. Renaissance Technologies LLC now owns 759,100 shares of the company’s stock valued at $3,492,000 after purchasing an additional 264,600 shares during the period. Tudor Investment Corp ET AL boosted its holdings in Real Brokerage by 109.4% in the fourth quarter. Tudor Investment Corp ET AL now owns 330,712 shares of the company’s stock valued at $1,521,000 after purchasing an additional 172,747 shares during the last quarter. Cerity Partners LLC purchased a new stake in Real Brokerage in the fourth quarter valued at $665,000. Finally, Charles Schwab Investment Management Inc. grew its position in Real Brokerage by 48.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 438,295 shares of the company’s stock worth $2,016,000 after purchasing an additional 144,011 shares during the period. Institutional investors and hedge funds own 53.28% of the company’s stock.

Real Brokerage Trading Down 0.9%

Shares of NASDAQ:REAX opened at $4.33 on Monday. The Real Brokerage Inc. has a 12-month low of $3.55 and a 12-month high of $6.75. The business has a 50 day moving average of $4.40 and a two-hundred day moving average of $4.79. The company has a market capitalization of $856.27 million, a PE ratio of -24.05 and a beta of 1.12.

Real Brokerage (NASDAQ:REAX) last posted its earnings results on Thursday, May 8th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.03. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. The firm had revenue of $353.98 million during the quarter, compared to analyst estimates of $332.92 million. Equities research analysts predict that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Jones Trading reissued a “buy” rating and issued a $6.00 price objective on shares of Real Brokerage in a report on Thursday, March 6th.

Real Brokerage Company Profile

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.