Cerity Partners LLC Makes New $665,000 Investment in The Real Brokerage Inc. (NASDAQ:REAX)

Cerity Partners LLC acquired a new stake in The Real Brokerage Inc. (NASDAQ:REAX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 144,633 shares of the company's stock, valued at approximately $665,000. Cerity Partners LLC owned approximately 0.07% of Real Brokerage at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in REAX. Golden State Wealth Management LLC bought a new position in shares of Real Brokerage in the 4th quarter worth $28,000. Sound Income Strategies LLC bought a new position in Real Brokerage in the fourth quarter worth about $47,000. US Bancorp DE purchased a new stake in shares of Real Brokerage during the fourth quarter valued at about $85,000. Paragon Advisors LLC bought a new stake in shares of Real Brokerage in the 4th quarter valued at about $90,000. Finally, Franklin Resources Inc. purchased a new position in shares of Real Brokerage in the 3rd quarter worth approximately $138,000. 53.28% of the stock is owned by hedge funds and other institutional investors.

Real Brokerage Price Performance

Real Brokerage stock traded down $0.13 during midday trading on Friday, reaching $4.53. The company's stock had a trading volume of 124,322 shares, compared to its average volume of 885,678. The stock has a market capitalization of $894.84 million, a P/E ratio of -25.19 and a beta of 1.13. The stock's 50-day simple moving average is $4.59 and its 200-day simple moving average is $4.90. The Real Brokerage Inc. has a 52-week low of $3.55 and a 52-week high of $6.75.

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

Analyst Upgrades and Downgrades

Separately, Jones Trading restated a "buy" rating and issued a $6.00 target price on shares of Real Brokerage in a research note on Thursday, March 6th.

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.