Portolan Capital Management LLC Purchases 3,783,281 Shares of The Real Brokerage Inc. $REAX

Portolan Capital Management LLC grew its position in The Real Brokerage Inc. (NASDAQ:REAX) by 190.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,769,203 shares of the company’s stock after acquiring an additional 3,783,281 shares during the quarter. Real Brokerage comprises about 1.3% of Portolan Capital Management LLC’s portfolio, making the stock its 21st largest position. Portolan Capital Management LLC owned 2.72% of Real Brokerage worth $24,115,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Fortitude Advisory Group L.L.C. raised its position in Real Brokerage by 2.6% in the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 108,425 shares of the company’s stock worth $453,000 after purchasing an additional 2,730 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Real Brokerage by 9.4% during the second quarter. The Manufacturers Life Insurance Company now owns 36,917 shares of the company’s stock valued at $166,000 after buying an additional 3,173 shares during the period. Squarepoint Ops LLC boosted its position in shares of Real Brokerage by 3.4% during the second quarter. Squarepoint Ops LLC now owns 113,428 shares of the company’s stock valued at $512,000 after buying an additional 3,682 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Real Brokerage by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,673 shares of the company’s stock valued at $246,000 after buying an additional 3,746 shares during the last quarter. Finally, Optimize Financial Inc grew its stake in shares of Real Brokerage by 13.6% during the third quarter. Optimize Financial Inc now owns 34,699 shares of the company’s stock valued at $145,000 after buying an additional 4,141 shares during the last quarter. 53.28% of the stock is owned by hedge funds and other institutional investors.

Real Brokerage Stock Performance

Shares of NASDAQ:REAX opened at $2.35 on Friday. The firm’s 50 day simple moving average is $3.17 and its 200-day simple moving average is $3.83. The Real Brokerage Inc. has a one year low of $2.34 and a one year high of $5.41. The firm has a market cap of $497.73 million, a PE ratio of -78.33 and a beta of 1.01.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings results on Wednesday, March 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Real Brokerage had a negative return on equity of 17.37% and a negative net margin of 0.41%.The firm had revenue of $505.14 million during the quarter, compared to analyst estimates of $477.98 million. Equities research analysts predict that The Real Brokerage Inc. will post -0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

REAX has been the subject of a number of research analyst reports. JonesTrading reissued a “buy” rating and set a $5.00 price target on shares of Real Brokerage in a research note on Wednesday, March 4th. Freedom Capital raised Real Brokerage to a “strong-buy” rating in a research report on Friday, January 23rd. BTIG Research reduced their target price on Real Brokerage from $6.00 to $4.50 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Real Brokerage in a research report on Thursday, January 22nd. Finally, William Blair restated an “outperform” rating on shares of Real Brokerage in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Real Brokerage currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.83.

Real Brokerage 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.