Real Brokerage (NASDAQ:REAX) Shares Gap Down – Here’s What Happened

Shares of The Real Brokerage Inc. (NASDAQ:REAX) gapped down before the market opened on Wednesday . The stock had previously closed at $5.18, but opened at $4.91. Real Brokerage shares last traded at $5.09, with a volume of 163,022 shares.

Wall Street Analysts Forecast Growth

Separately, BTIG Research assumed coverage on Real Brokerage in a report on Wednesday, December 18th. They set a “buy” rating and a $6.00 target price on the stock.

Real Brokerage Stock Up 0.9 %

The company has a market capitalization of $1.03 billion, a P/E ratio of -29.03 and a beta of 1.01. The business has a fifty day moving average price of $4.81 and a 200 day moving average price of $5.33.

Institutional Trading of Real Brokerage

A number of institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new stake in shares of Real Brokerage in the second quarter valued at about $145,000. SG Americas Securities LLC acquired a new stake in shares of Real Brokerage in the third quarter valued at about $183,000. Creative Planning increased its position in shares of Real Brokerage by 111.0% in the third quarter. Creative Planning now owns 93,467 shares of the company’s stock valued at $519,000 after acquiring an additional 49,176 shares during the last quarter. Harbour Capital Advisors LLC acquired a new position in Real Brokerage during the third quarter worth approximately $288,000. Finally, Harbor Capital Advisors Inc. increased its position in Real Brokerage by 106.6% during the third quarter. Harbor Capital Advisors Inc. now owns 595,055 shares of the company’s stock worth $3,303,000 after buying an additional 307,016 shares during the last quarter. 53.28% of the stock is currently owned by institutional investors.

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.