Verition Fund Management LLC Has $346,000 Holdings in The Real Brokerage Inc. (NASDAQ:REAX)

Verition Fund Management LLC raised its stake in The Real Brokerage Inc. (NASDAQ:REAX) by 109.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 62,391 shares of the company’s stock after acquiring an additional 32,631 shares during the period. Verition Fund Management LLC’s holdings in Real Brokerage were worth $346,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. National Bank of Canada FI lifted its stake in shares of Real Brokerage by 198.8% in the second quarter. National Bank of Canada FI now owns 5,975 shares of the company’s stock worth $26,000 after acquiring an additional 3,975 shares during the period. Principal Financial Group Inc. acquired a new position in shares of Real Brokerage in the 2nd quarter worth approximately $52,000. Intech Investment Management LLC bought a new stake in shares of Real Brokerage in the 3rd quarter valued at $98,000. Quantbot Technologies LP raised its stake in Real Brokerage by 45.8% during the third quarter. Quantbot Technologies LP now owns 58,692 shares of the company’s stock worth $326,000 after buying an additional 18,440 shares during the last quarter. Finally, Valmark Advisers Inc. lifted its holdings in Real Brokerage by 117.0% in the second quarter. Valmark Advisers Inc. now owns 49,324 shares of the company’s stock valued at $200,000 after buying an additional 26,596 shares during the period. Institutional investors and hedge funds own 53.28% of the company’s stock.

Real Brokerage Trading Up 0.2 %

Shares of REAX opened at $5.16 on Friday. The firm’s fifty day simple moving average is $5.32 and its two-hundred day simple moving average is $5.31. The Real Brokerage Inc. has a 12 month low of $1.46 and a 12 month high of $6.75. The stock has a market capitalization of $1.02 billion, a P/E ratio of -28.67 and a beta of 0.95.

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

Real Brokerage Profile

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.