Jane Street Group LLC Cuts Position in The Real Brokerage Inc. (NASDAQ:REAX)

Jane Street Group LLC reduced its position in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 85.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,327 shares of the company’s stock after selling 114,762 shares during the period. Jane Street Group LLC’s holdings in Real Brokerage were worth $89,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of REAX. Golden State Wealth Management LLC purchased a new position in shares of Real Brokerage in the fourth quarter valued at approximately $28,000. Rhumbline Advisers lifted its holdings in Real Brokerage by 4.1% during the 4th quarter. Rhumbline Advisers now owns 124,324 shares of the company’s stock worth $572,000 after buying an additional 4,906 shares in the last quarter. Principal Financial Group Inc. boosted its position in Real Brokerage by 11.0% in the 4th quarter. Principal Financial Group Inc. now owns 80,434 shares of the company’s stock valued at $370,000 after buying an additional 7,967 shares during the period. US Bancorp DE acquired a new position in shares of Real Brokerage in the fourth quarter worth $85,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Real Brokerage by 48.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 438,295 shares of the company’s stock worth $2,016,000 after acquiring an additional 144,011 shares in the last quarter. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Real Brokerage Stock Performance

Shares of Real Brokerage stock opened at $4.20 on Monday. The business has a 50-day simple moving average of $4.35 and a 200-day simple moving average of $4.66. The Real Brokerage Inc. has a one year low of $3.55 and a one year high of $6.75. The company has a market cap of $830.57 million, a PE ratio of -23.33 and a beta of 1.04.

Real Brokerage (NASDAQ:REAX) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.02) EPS for the quarter, topping 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 company had revenue of $353.98 million during the quarter, compared to analysts’ expectations of $332.92 million. On average, sell-side analysts predict that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal year.

Real Brokerage declared that its board has approved a stock repurchase plan on Friday, May 30th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 17.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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.