Wealth Enhancement Advisory Services LLC Has $377,000 Stock Holdings in The Real Brokerage Inc. (NASDAQ:REAX)

Wealth Enhancement Advisory Services LLC boosted its stake in The Real Brokerage Inc. (NASDAQ:REAX) by 694.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 92,781 shares of the company’s stock after purchasing an additional 81,107 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Real Brokerage were worth $377,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Rhumbline Advisers grew its holdings in Real Brokerage by 20.7% in the first quarter. Rhumbline Advisers now owns 150,008 shares of the company’s stock worth $609,000 after purchasing an additional 25,684 shares during the period. Private Client Services LLC acquired a new stake in Real Brokerage in the first quarter worth $86,000. Squarepoint Ops LLC grew its holdings in Real Brokerage by 852.9% in the fourth quarter. Squarepoint Ops LLC now owns 160,410 shares of the company’s stock worth $738,000 after purchasing an additional 143,576 shares during the period. Two Sigma Advisers LP acquired a new stake in Real Brokerage in the fourth quarter worth $102,000. Finally, Two Sigma Investments LP lifted its stake in shares of Real Brokerage by 302.2% in the fourth quarter. Two Sigma Investments LP now owns 40,626 shares of the company’s stock valued at $187,000 after buying an additional 30,526 shares in the last quarter. 53.28% of the stock is currently owned by institutional investors and hedge funds.

Real Brokerage Price Performance

REAX opened at $4.40 on Monday. The company’s 50-day moving average is $4.25 and its 200 day moving average is $4.53. The Real Brokerage Inc. has a fifty-two week low of $3.80 and a fifty-two week high of $6.75. The firm has a market capitalization of $870.10 million, a P/E ratio of -62.86 and a beta of 1.04.

Real Brokerage (NASDAQ:REAX) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. Real Brokerage had a negative net margin of 1.09% and a negative return on equity of 49.13%. The company had revenue of $353.98 million for the quarter, compared to analyst estimates of $332.92 million. On average, equities research analysts expect that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

Real Brokerage announced that its board has initiated a share repurchase program 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 programs are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. B. Riley assumed coverage on shares of Real Brokerage in a research note on Wednesday, June 25th. They issued a “buy” rating and a $7.00 price objective on the stock. Wall Street Zen lowered shares of Real Brokerage from a “buy” rating to a “hold” rating in a research note on Friday, June 27th.

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.