Real Brokerage (NASDAQ:REAX) Posts Earnings Results, Misses Estimates By $0.01 EPS

Real Brokerage (NASDAQ:REAX – Get Rating) issued its quarterly earnings results on Monday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01), MarketWatch Earnings reports.

Shares of Real Brokerage stock opened at $1.87 on Tuesday. Real Brokerage has a 52-week low of $1.50 and a 52-week high of $4.35. The business’s 50-day moving average price is $2.19.

Separately, Zacks Investment Research upgraded shares of Real Brokerage from a “sell” rating to a “hold” rating in a research note on Friday.

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC purchased a new stake in Real Brokerage during the fourth quarter worth about $160,000. Citadel Advisors LLC purchased a new stake in Real Brokerage during the fourth quarter worth about $91,000. Virtu Financial LLC purchased a new stake in Real Brokerage during the fourth quarter worth about $79,000. Marshall Wace LLP purchased a new stake in Real Brokerage during the fourth quarter worth about $73,000. Finally, Millennium Management LLC purchased a new stake in Real Brokerage during the fourth quarter worth about $67,000. 21.37% of the stock is currently owned by hedge funds and other institutional investors.

Real Brokerage Company Profile (Get Rating)

The Real Brokerage Inc, together with its subsidiaries, operates as a technology-powered real estate brokerage company. It provides brokerage services for the real estate market through a network of agents. The company offers agents a mobile-focused tech platform to run its business, as well as business terms and wealth-building opportunities.

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