The Real Brokerage Inc. (NASDAQ:REAX) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. decreased its holdings in shares of The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 33.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 395,243 shares of the company's stock after selling 199,812 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.20% of Real Brokerage worth $1,818,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its holdings in Real Brokerage by 48.0% in the 3rd quarter. State Street Corp now owns 1,364,358 shares of the company's stock valued at $7,572,000 after buying an additional 442,612 shares during the last quarter. Geode Capital Management LLC increased its position in Real Brokerage by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,224,183 shares of the company's stock valued at $6,794,000 after buying 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 purchasing an additional 542,653 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Real Brokerage by 30.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 294,284 shares of the company's stock valued at $1,633,000 after buying an additional 69,343 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Real Brokerage during the 2nd quarter worth approximately $1,091,000. Institutional investors and hedge funds own 53.28% of the company's stock.

Real Brokerage Stock Performance

Shares of NASDAQ REAX traded up $0.06 during midday trading on Friday, hitting $4.26. 1,067,340 shares of the stock traded hands, compared to its average volume of 1,097,290. The firm has a 50-day moving average of $5.05 and a two-hundred day moving average of $5.37. The Real Brokerage Inc. has a one year low of $1.83 and a one year high of $6.75. The firm has a market capitalization of $842.43 million, a P/E ratio of -23.67 and a beta of 1.00.

Real Brokerage (NASDAQ:REAX - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.03. The company had revenue of $372.49 million for the quarter, compared to the consensus estimate of $334.61 million. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. During the same period in the previous year, the firm posted ($0.02) EPS. Equities analysts forecast that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, BTIG Research started coverage on shares of Real Brokerage in a report on Wednesday, December 18th. They set a "buy" rating and a $6.00 price objective for the company.

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.