Two Sigma Investments LP Acquires 30,526 Shares of The Real Brokerage Inc. (NASDAQ:REAX)

Two Sigma Investments LP boosted its stake in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 302.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,626 shares of the company’s stock after acquiring an additional 30,526 shares during the quarter. Two Sigma Investments LP’s holdings in Real Brokerage were worth $187,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in REAX. Aquatic Capital Management LLC purchased a new position in shares of Real Brokerage in the 4th quarter worth approximately $25,000. Oxford Asset Management LLP bought a new stake in Real Brokerage in the fourth quarter worth $49,000. Corton Capital Inc. purchased a new position in Real Brokerage during the fourth quarter worth $51,000. Townsquare Capital LLC purchased a new position in Real Brokerage during the fourth quarter worth $65,000. Finally, US Bancorp DE bought a new position in Real Brokerage during the fourth quarter valued at $85,000. 53.28% of the stock is owned by institutional investors.

Real Brokerage Price Performance

Shares of NASDAQ:REAX opened at $4.16 on Friday. The firm has a market capitalization of $822.66 million, a PE ratio of -23.11 and a beta of 1.04. The business has a 50 day simple moving average of $4.35 and a two-hundred day simple moving average of $4.64. The Real Brokerage Inc. has a 1 year low of $3.55 and a 1 year high of $6.75.

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

Real Brokerage announced that its Board of Directors has authorized a share repurchase plan on Friday, May 30th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to reacquire up to 17.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

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.