Calamos Advisors LLC Lowers Stock Holdings in The Real Brokerage Inc. (NASDAQ:REAX)

Calamos Advisors LLC reduced its stake in The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 36.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,659 shares of the company's stock after selling 79,887 shares during the quarter. Calamos Advisors LLC owned about 0.07% of Real Brokerage worth $633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp increased its stake in Real Brokerage by 48.0% in the third quarter. State Street Corp now owns 1,364,358 shares of the company's stock valued at $7,572,000 after acquiring an additional 442,612 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Real Brokerage by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,224,183 shares of the company's stock worth $6,794,000 after acquiring an additional 14,045 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Real Brokerage by 607.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 631,916 shares of the company's stock worth $3,507,000 after acquiring an additional 542,653 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Real Brokerage by 106.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 595,055 shares of the company's stock worth $3,303,000 after acquiring an additional 307,016 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Real Brokerage by 30.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 294,284 shares of the company's stock valued at $1,633,000 after purchasing an additional 69,343 shares in the last quarter. 53.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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 target for the company.

Real Brokerage Trading Down 2.4 %

REAX stock traded down $0.13 during trading on Friday, hitting $5.28. 1,066,237 shares of the company traded hands, compared to its average volume of 827,960. The company has a 50-day moving average of $4.81 and a 200-day moving average of $5.34. The Real Brokerage Inc. has a 1 year low of $2.46 and a 1 year 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) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.03. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. The firm had revenue of $372.49 million during the quarter, compared to analyst estimates of $334.61 million. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. As a group, sell-side analysts anticipate that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

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.