SG Americas Securities LLC Buys 18,032 Shares of The Real Brokerage Inc. (NASDAQ:REAX)

SG Americas Securities LLC increased its stake in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 54.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,041 shares of the company’s stock after acquiring an additional 18,032 shares during the quarter. SG Americas Securities LLC’s holdings in Real Brokerage were worth $235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of REAX. JPMorgan Chase & Co. grew its stake in Real Brokerage by 607.9% in the third quarter. JPMorgan Chase & Co. now owns 631,916 shares of the company’s stock worth $3,507,000 after purchasing an additional 542,653 shares during the period. State Street Corp grew its position in Real Brokerage by 48.0% during the third quarter. State Street Corp now owns 1,364,358 shares of the company’s stock valued at $7,572,000 after buying an additional 442,612 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of Real Brokerage by 106.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 595,055 shares of the company’s stock valued at $3,303,000 after buying an additional 307,016 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Real Brokerage during the third quarter valued at about $871,000. Finally, Jane Street Group LLC grew its stake in Real Brokerage by 488.7% during the third quarter. Jane Street Group LLC now owns 134,089 shares of the company’s stock valued at $744,000 after acquiring an additional 111,312 shares in the last quarter. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, BTIG Research started coverage on Real Brokerage in a research note on Wednesday, December 18th. They set a “buy” rating and a $6.00 price objective on the stock.

Real Brokerage Stock Up 2.1 %

REAX opened at $5.41 on Friday. The Real Brokerage Inc. has a 52 week low of $2.46 and a 52 week high of $6.75. The stock’s fifty day moving average is $4.81 and its two-hundred day moving average is $5.35. The company has a market capitalization of $1.07 billion, a P/E ratio of -30.05 and a beta of 1.01.

Real Brokerage (NASDAQ:REAX) last posted its earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. The company had revenue of $372.49 million during the quarter, compared to analysts’ expectations of $334.61 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. Equities analysts anticipate that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

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.