The Real Brokerage Inc. (NASDAQ:REAX) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC raised its position in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 488.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 134,089 shares of the company’s stock after purchasing an additional 111,312 shares during the quarter. Jane Street Group LLC’s holdings in Real Brokerage were worth $744,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. State Street Corp boosted its stake 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 in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Real Brokerage by 106.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 595,055 shares of the company’s stock valued at $3,303,000 after acquiring an additional 307,016 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Real Brokerage by 30.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 294,284 shares of the company’s stock valued at $1,633,000 after purchasing an additional 69,343 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Real Brokerage in the 2nd quarter worth approximately $1,091,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Real Brokerage by 25.3% in the 2nd quarter. Renaissance Technologies LLC now owns 229,500 shares of the company’s stock worth $932,000 after purchasing an additional 46,400 shares in the last quarter. 53.28% of the stock is currently owned by institutional investors and hedge funds.

Real Brokerage Price Performance

Shares of Real Brokerage stock opened at $4.60 on Friday. The Real Brokerage Inc. has a 12-month low of $1.54 and a 12-month high of $6.75. The firm has a market capitalization of $909.67 million, a PE ratio of -25.55 and a beta of 0.95. The stock’s fifty day moving average is $5.18 and its 200-day moving average is $5.33.

Real Brokerage (NASDAQ:REAX) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share (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 firm had revenue of $372.49 million for the quarter, compared to the consensus estimate of $334.61 million. During the same quarter in the previous year, the company earned ($0.02) EPS. Analysts expect that The Real Brokerage Inc. will post -0.1 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, BTIG Research assumed coverage on shares of Real Brokerage in a report on Wednesday, December 18th. They set a “buy” rating and a $6.00 target price for the company.

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.