The Real Brokerage Inc. $REAX Shares Sold by Insight Holdings Group LLC

Insight Holdings Group LLC decreased its holdings in The Real Brokerage Inc. (NASDAQ:REAX) by 8.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,968,725 shares of the company’s stock after selling 654,736 shares during the quarter. Real Brokerage accounts for about 1.9% of Insight Holdings Group LLC’s holdings, making the stock its 10th largest holding. Insight Holdings Group LLC’s holdings in Real Brokerage were worth $25,436,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Lido Advisors LLC acquired a new position in Real Brokerage in the 3rd quarter worth about $42,000. Xponance LLC acquired a new position in Real Brokerage in the 4th quarter worth about $38,000. Envestnet Asset Management Inc. acquired a new position in Real Brokerage in the 2nd quarter worth about $47,000. Thrivent Financial for Lutherans acquired a new position in Real Brokerage in the 2nd quarter worth about $50,000. Finally, Quarry LP raised its holdings in Real Brokerage by 1,615.9% in the 3rd quarter. Quarry LP now owns 11,256 shares of the company’s stock worth $47,000 after purchasing an additional 10,600 shares during the period. Institutional investors and hedge funds own 53.28% of the company’s stock.

Real Brokerage Price Performance

Shares of Real Brokerage stock opened at $1.71 on Thursday. The business has a 50 day simple moving average of $2.03 and a two-hundred day simple moving average of $2.81. The Real Brokerage Inc. has a 12 month low of $1.55 and a 12 month high of $5.41. The stock has a market capitalization of $365.08 million, a P/E ratio of -57.00 and a beta of 0.74.

Real Brokerage (NASDAQ:REAX) last announced its earnings results on Tuesday, March 31st. The company reported ($0.02) EPS for the quarter. Real Brokerage had a negative net margin of 0.32% and a negative return on equity of 11.37%. The firm had revenue of $465.55 million for the quarter. As a group, research analysts anticipate that The Real Brokerage Inc. will post -0.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on REAX. Benchmark began coverage on Real Brokerage in a report on Thursday, March 26th. They set a “buy” rating and a $5.50 target price for the company. BTIG Research reissued a “buy” rating and set a $4.25 target price on shares of Real Brokerage in a report on Monday, April 27th. B. Riley Financial reissued a “buy” rating on shares of Real Brokerage in a report on Friday, May 8th. Zelman & Associates reissued a “neutral” rating on shares of Real Brokerage in a report on Thursday, March 5th. Finally, JonesTrading reissued a “buy” rating and set a $5.00 target price on shares of Real Brokerage in a report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $5.69.

Real Brokerage Profile

Real Brokerage Inc is a publicly traded, cloud-based residential real estate brokerage headquartered in Toronto, Canada, with operations across the United States and Canada. The company’s platform offers licensed real estate professionals a fully integrated suite of digital tools designed to streamline every phase of the property transaction process, from lead generation to closing.

Through its proprietary technology, Real Brokerage provides agents with transaction management, customer relationship management, digital marketing automation and real-time analytics in a single, user-friendly interface.