Renaissance Technologies LLC Decreases Stock Position in The Real Brokerage Inc. $REAX

Renaissance Technologies LLC lessened its holdings in The Real Brokerage Inc. (NASDAQ:REAX) by 15.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,797,000 shares of the company’s stock after selling 331,900 shares during the quarter. Renaissance Technologies LLC owned 0.84% of Real Brokerage worth $4,492,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. State of Wyoming grew its stake in shares of Real Brokerage by 5.8% during 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 shares of Real Brokerage in the 1st quarter valued at approximately $29,000. Hsbc Holdings PLC raised its position in shares of Real Brokerage by 110.9% in the 1st quarter. Hsbc Holdings PLC now owns 124,204 shares of the company’s stock valued at $308,000 after purchasing an additional 65,311 shares during the last quarter. Abel Hall LLC acquired a new stake in Real Brokerage in the 1st quarter worth approximately $31,000. Finally, SmartHarvest Portfolios LLC acquired a new stake in Real Brokerage in the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 53.28% of the company’s stock.

Real Brokerage Trading Up 15.0%

Shares of NASDAQ REAX opened at $1.99 on Friday. The company has a 50 day simple moving average of $1.84 and a two-hundred day simple moving average of $2.31. The stock has a market cap of $433.70 million, a price-to-earnings ratio of -66.33 and a beta of 0.78. The Real Brokerage Inc. has a 12 month low of $1.55 and a 12 month high of $5.41.

Real Brokerage (NASDAQ:REAX) last released its quarterly earnings data on Tuesday, June 30th. The company reported ($0.03) earnings per share for the quarter. Real Brokerage had a negative return on equity of 11.37% and a negative net margin of 0.32%.The business had revenue of $700.58 million during the quarter. Analysts forecast that The Real Brokerage Inc. will post -0.01 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. BTIG Research restated a “buy” rating and set a $4.25 price target on shares of Real Brokerage in a research note on Monday, April 27th. JonesTrading reiterated a “buy” rating and set a $5.00 price objective on shares of Real Brokerage in a research note on Monday, April 27th. Edward Jones dropped their price objective on shares of Real Brokerage from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday. B. Riley Financial reissued a “buy” rating on shares of Real Brokerage in a research report on Friday, May 8th. Finally, Weiss Ratings lowered Real Brokerage from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.35.

Real Brokerage Company 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.