The Real Brokerage Inc. (NASDAQ:REAX) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 48.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 438,295 shares of the company's stock after acquiring an additional 144,011 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.22% of Real Brokerage worth $2,016,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Rhumbline Advisers increased its stake in Real Brokerage by 4.1% in the fourth quarter. Rhumbline Advisers now owns 124,324 shares of the company's stock valued at $572,000 after purchasing an additional 4,906 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Real Brokerage in the 4th quarter valued at $28,000. Principal Financial Group Inc. grew its position in shares of Real Brokerage by 11.0% in the 4th quarter. Principal Financial Group Inc. now owns 80,434 shares of the company's stock valued at $370,000 after buying an additional 7,967 shares during the last quarter. Wolverine Trading LLC acquired a new stake in Real Brokerage during the 3rd quarter worth $56,000. Finally, Sound Income Strategies LLC purchased a new stake in Real Brokerage in the fourth quarter valued at $47,000. Institutional investors and hedge funds own 53.28% of the company's stock.

Real Brokerage Trading Up 2.9 %

REAX stock traded up $0.12 on Wednesday, hitting $4.24. The company's stock had a trading volume of 613,565 shares, compared to its average volume of 890,871. The stock has a market cap of $838.48 million, a price-to-earnings ratio of -23.55 and a beta of 1.01. The firm has a 50 day moving average of $4.83 and a two-hundred day moving average of $5.03. The Real Brokerage Inc. has a 1 year low of $3.02 and a 1 year high of $6.75.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. BTIG Research started coverage on Real Brokerage in a report on Wednesday, December 18th. They set a "buy" rating and a $6.00 price objective on the stock. Jones Trading reissued a "buy" rating and issued a $6.00 target price on shares of Real Brokerage in a research report 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.