40,000 Shares in The Real Brokerage Inc. (NASDAQ:REAX) Bought by X Square Capital LLC

X Square Capital LLC purchased a new stake in The Real Brokerage Inc. (NASDAQ:REAX) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 40,000 shares of the company’s stock, valued at approximately $184,000.

Several other institutional investors have also recently made changes to their positions in the stock. Jane Street Group LLC raised its stake in Real Brokerage by 488.7% during the 3rd quarter. Jane Street Group LLC now owns 134,089 shares of the company’s stock worth $744,000 after buying an additional 111,312 shares during the period. Barclays PLC increased its stake in Real Brokerage by 337.7% during the 3rd quarter. Barclays PLC now owns 141,188 shares of the company’s stock valued at $782,000 after purchasing an additional 108,928 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Real Brokerage by 607.9% during the third quarter. JPMorgan Chase & Co. now owns 631,916 shares of the company’s stock worth $3,507,000 after buying an additional 542,653 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of Real Brokerage during the third quarter valued at about $138,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Real Brokerage by 463.8% in the 3rd quarter. Principal Financial Group Inc. now owns 72,467 shares of the company’s stock worth $402,000 after acquiring an additional 59,614 shares during the last quarter. Institutional investors and hedge funds own 53.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. BTIG Research started coverage on Real Brokerage in a research note on Wednesday, December 18th. They issued a “buy” rating and a $6.00 price objective for the company. Jones Trading reissued a “buy” rating and issued a $6.00 price target on shares of Real Brokerage in a research report on Thursday, March 6th.

Real Brokerage Stock Down 1.4 %

Real Brokerage stock opened at $4.26 on Friday. The stock has a market cap of $842.43 million, a P/E ratio of -23.67 and a beta of 1.01. The company’s 50 day moving average price is $4.86 and its two-hundred day moving average price is $5.08. The Real Brokerage Inc. has a 52 week low of $3.01 and a 52 week high of $6.75.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings data on Thursday, March 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $350.63 million during the quarter, compared to the consensus estimate of $300.11 million. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. On average, equities analysts anticipate that The Real Brokerage Inc. will post -0.1 EPS for the current year.

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.