Mariner LLC Takes Position in The Real Brokerage Inc. (NASDAQ:REAX)

Mariner LLC acquired a new position in shares of The Real Brokerage Inc. (NASDAQ:REAX) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 22,963 shares of the company’s stock, valued at approximately $106,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in Real Brokerage during the fourth quarter valued at $28,000. Sound Income Strategies LLC purchased a new position in shares of Real Brokerage during the 4th quarter worth about $47,000. Townsquare Capital LLC bought a new position in Real Brokerage during the 4th quarter valued at about $65,000. US Bancorp DE purchased a new position in Real Brokerage during the 4th quarter valued at $85,000. Finally, Paragon Advisors LLC purchased a new stake in shares of Real Brokerage during the fourth quarter valued at $90,000. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

Real Brokerage Stock Performance

Shares of REAX opened at $4.34 on Friday. The Real Brokerage Inc. has a fifty-two week low of $3.55 and a fifty-two week high of $6.75. The company has a 50 day moving average price of $4.44 and a 200-day moving average price of $4.84. The stock has a market capitalization of $858.25 million, a PE ratio of -24.11 and a beta of 1.12.

Real Brokerage (NASDAQ:REAX) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.03. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. The business had revenue of $353.98 million during the quarter, compared to analyst estimates of $332.92 million. Equities research analysts forecast that The Real Brokerage Inc. will post -0.1 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Jones Trading reaffirmed a “buy” rating and set a $6.00 target price on shares of Real Brokerage in a research report on Thursday, March 6th.

Real Brokerage Company 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.