NewEdge Wealth LLC Acquires New Holdings in The Real Brokerage Inc. (NASDAQ:REAX)

NewEdge Wealth LLC acquired a new position in shares of The Real Brokerage Inc. (NASDAQ:REAX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 280,000 shares of the company’s stock, valued at approximately $448,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. LPL Financial LLC acquired a new position in Real Brokerage during the 2nd quarter worth approximately $29,000. Millennium Management LLC grew its position in Real Brokerage by 64.0% in the second quarter. Millennium Management LLC now owns 71,383 shares of the company’s stock valued at $109,000 after purchasing an additional 27,861 shares in the last quarter. HBK Sorce Advisory LLC bought a new position in shares of Real Brokerage in the 1st quarter valued at about $105,000. First Manhattan CO. LLC. increased its position in shares of Real Brokerage by 56.0% in the first quarter. First Manhattan CO. LLC. now owns 100,252 shares of the company’s stock valued at $121,000 after acquiring an additional 36,000 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Real Brokerage by 19.6% during the second quarter. Geode Capital Management LLC now owns 52,118 shares of the company’s stock worth $99,000 after acquiring an additional 8,527 shares in the last quarter. 53.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Jonestrading reissued a “buy” rating and issued a $4.00 price objective on shares of Real Brokerage in a report on Monday, April 8th. Roth Mkm upped their target price on shares of Real Brokerage from $2.75 to $3.50 and gave the company a “buy” rating in a report on Thursday, January 18th.

Real Brokerage Stock Down 9.9 %

REAX stock opened at $3.36 on Thursday. The Real Brokerage Inc. has a one year low of $1.09 and a one year high of $4.58. The company has a fifty day moving average price of $3.21 and a two-hundred day moving average price of $2.25.

Real Brokerage (NASDAQ:REAX) last posted its earnings results on Thursday, March 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The company had revenue of $181.34 million for the quarter, compared to analyst estimates of $161.37 million. Real Brokerage had a negative return on equity of 105.23% and a negative net margin of 3.99%. Research analysts forecast that The Real Brokerage Inc. will post -0.12 EPS for the current 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.