The Real Brokerage Inc. (NASDAQ:REAX) Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC lowered its stake in The Real Brokerage Inc. (NASDAQ:REAX) by 19.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 664,281 shares of the company’s stock after selling 161,694 shares during the period. Granahan Investment Management LLC owned about 0.34% of Real Brokerage worth $3,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in REAX. Aquatic Capital Management LLC purchased a new stake in shares of Real Brokerage in the 4th quarter valued at approximately $25,000. Golden State Wealth Management LLC acquired a new stake in Real Brokerage in the fourth quarter valued at $28,000. Sound Income Strategies LLC purchased a new stake in Real Brokerage during the 4th quarter worth about $47,000. Oxford Asset Management LLP purchased a new position in shares of Real Brokerage in the 4th quarter valued at about $49,000. Finally, Corton Capital Inc. acquired a new stake in shares of Real Brokerage during the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 53.28% of the company’s stock.

Real Brokerage Price Performance

NASDAQ REAX opened at $4.14 on Friday. The company has a fifty day moving average of $4.42 and a two-hundred day moving average of $4.83. The Real Brokerage Inc. has a 1 year low of $3.55 and a 1 year high of $6.75. The company has a market capitalization of $818.70 million, a PE ratio of -23.00 and a beta of 1.12.

Real Brokerage (NASDAQ:REAX) last released 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. The company had revenue of $353.98 million for 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%. On average, research analysts expect that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Jones Trading reaffirmed a “buy” rating and issued a $6.00 price target 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.