Real Brokerage (NASDAQ:REAX) Major Shareholder David Liniger Sells 52,876 Shares of Stock

The Real Brokerage Inc. (NASDAQ:REAX) major shareholder David Liniger sold 52,876 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $19.12, for a total transaction of $1,010,989.12. Following the completion of the transaction, the insider directly owned 5,539,905 shares in the company, valued at $105,922,983.60. The trade was a 0.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Real Brokerage Stock Up 4.1%

REAX stock traded up $0.68 during mid-day trading on Monday, hitting $17.21. 864,853 shares of the company were exchanged, compared to its average volume of 403,013. The Real Brokerage Inc. has a 12-month low of $15.50 and a 12-month high of $51.60. The firm has a market capitalization of $375.07 million, a P/E ratio of -24.59 and a beta of 0.79. The business has a fifty day simple moving average of $20.58 and a 200-day simple moving average of $21.11.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings data on Tuesday, June 30th. The company reported ($0.30) EPS for the quarter. The company had revenue of $700.58 million during the quarter. Real Brokerage had a negative return on equity of 25.32% and a negative net margin of 0.72%. Research analysts predict that The Real Brokerage Inc. will post -0.45 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. ProShare Advisors LLC boosted its stake in shares of Real Brokerage by 33.5% in the 4th quarter. ProShare Advisors LLC now owns 24,207 shares of the company’s stock valued at $88,000 after buying an additional 6,070 shares during the period. MQS Management LLC raised its holdings in Real Brokerage by 36.7% in the fourth quarter. MQS Management LLC now owns 23,912 shares of the company’s stock valued at $87,000 after acquiring an additional 6,414 shares in the last quarter. State of Wyoming lifted its stake in Real Brokerage by 5.8% in the first quarter. State of Wyoming now owns 125,939 shares of the company’s stock worth $315,000 after acquiring an additional 6,950 shares during the last quarter. Principal Financial Group Inc. purchased a new position in Real Brokerage in the first quarter worth approximately $29,000. Finally, Royal Bank of Canada grew its holdings in Real Brokerage by 126.1% during the 1st quarter. Royal Bank of Canada now owns 20,754 shares of the company’s stock worth $52,000 after acquiring an additional 11,573 shares in the last quarter. 53.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on REAX. Wall Street Zen upgraded Real Brokerage to a “hold” rating in a research report on Saturday, September 5th. Zelman & Associates raised Real Brokerage to an “outperform” rating in a research note on Friday, August 7th. Weiss Ratings upgraded Real Brokerage from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 8th. JonesTrading reaffirmed a “buy” rating and issued a $40.00 target price on shares of Real Brokerage in a research report on Friday, September 11th. Finally, Zacks Research upgraded shares of Real Brokerage from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.00.

About Real Brokerage

Real Brokerage Inc is a technology-powered residential real estate brokerage that operates through a cloud-based platform. The company provides real estate agents with tools and services for managing transactions, client relationships, marketing, education, and other aspects of their businesses.

Real’s platform is designed to support independent agents and teams while reducing the need for traditional physical office locations. Its business model combines brokerage services with technology, agent education, collaboration tools, and programs intended to promote agent retention and growth.

Founded in 2014, Real serves real estate professionals in the United States and Canada.