33,582 Shares in The Real Brokerage Inc. $REAX Purchased by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC bought a new stake in shares of The Real Brokerage Inc. (NASDAQ:REAX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 33,582 shares of the company’s stock, valued at approximately $151,000.

Several other hedge funds have also recently modified their holdings of the business. New York State Teachers Retirement System bought a new position in shares of Real Brokerage during the first quarter valued at approximately $37,000. Envestnet Asset Management Inc. bought a new stake in Real Brokerage during the 2nd quarter valued at $47,000. Trexquant Investment LP purchased a new position in shares of Real Brokerage in the 1st quarter valued at $58,000. Strs Ohio purchased a new position in shares of Real Brokerage in the 1st quarter valued at $72,000. Finally, Avantax Advisory Services Inc. raised its position in shares of Real Brokerage by 52.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 22,206 shares of the company’s stock worth $90,000 after acquiring an additional 7,621 shares in the last quarter. Hedge funds and other institutional investors own 53.28% of the company’s stock.

Real Brokerage Stock Performance

Shares of NASDAQ REAX opened at $3.63 on Friday. The Real Brokerage Inc. has a fifty-two week low of $3.42 and a fifty-two week high of $6.61. The company has a market cap of $768.83 million, a PE ratio of -90.75 and a beta of 0.97. The business has a 50-day simple moving average of $4.39 and a two-hundred day simple moving average of $4.32.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.01 EPS for the quarter. The firm had revenue of $540.75 million during the quarter, compared to analyst estimates of $510.58 million. Real Brokerage had a negative net margin of 0.58% and a negative return on equity of 25.22%. On average, sell-side analysts predict that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on REAX. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Real Brokerage in a research report on Wednesday, October 8th. Jones Trading reissued a “buy” rating and set a $5.00 price target on shares of Real Brokerage in a research report on Wednesday. B. Riley restated a “buy” rating and issued a $8.00 price target (up from $7.00) on shares of Real Brokerage in a report on Friday, October 31st. Finally, Wall Street Zen lowered shares of Real Brokerage from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.33.

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.