The Real Brokerage Inc. (NASDAQ:REAX) Shares Bought by Barclays PLC

Barclays PLC increased its stake in shares of The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 337.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,188 shares of the company's stock after buying an additional 108,928 shares during the quarter. Barclays PLC owned about 0.07% of Real Brokerage worth $782,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in REAX. Harbor Capital Advisors Inc. increased its holdings in shares of Real Brokerage by 106.6% in the third quarter. Harbor Capital Advisors Inc. now owns 595,055 shares of the company's stock valued at $3,303,000 after purchasing an additional 307,016 shares during the period. Bank of New York Mellon Corp purchased a new stake in Real Brokerage in the second quarter valued at approximately $1,091,000. Rhumbline Advisers acquired a new position in Real Brokerage in the 2nd quarter worth approximately $474,000. GSA Capital Partners LLP purchased a new position in Real Brokerage during the 3rd quarter worth approximately $220,000. Finally, Point72 Asset Management L.P. acquired a new stake in Real Brokerage during the 3rd quarter valued at approximately $871,000. 53.28% of the stock is owned by institutional investors and hedge funds.

Real Brokerage Stock Performance

Real Brokerage stock traded down $0.22 during midday trading on Wednesday, hitting $4.60. 791,517 shares of the company were exchanged, compared to its average volume of 778,892. The business has a fifty day simple moving average of $5.20 and a two-hundred day simple moving average of $5.34. The firm has a market capitalization of $909.67 million, a PE ratio of -25.55 and a beta of 0.95. The Real Brokerage Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $6.75.

Real Brokerage (NASDAQ:REAX - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.03. The business had revenue of $372.49 million for the quarter, compared to analyst estimates of $334.61 million. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. During the same quarter in the prior year, the firm posted ($0.02) EPS. As a group, equities analysts expect that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, BTIG Research started coverage on shares of Real Brokerage in a research note on Wednesday, December 18th. They issued a "buy" rating and a $6.00 price objective on the stock.

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.