JPMorgan Chase & Co. boosted its holdings in shares of The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 31.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 831,829 shares of the company's stock after acquiring an additional 199,913 shares during the period. JPMorgan Chase & Co. owned approximately 0.42% of Real Brokerage worth $3,826,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in shares of Real Brokerage in the 4th quarter valued at approximately $28,000. Sound Income Strategies LLC acquired a new position in shares of Real Brokerage in the fourth quarter valued at approximately $47,000. US Bancorp DE bought a new stake in shares of Real Brokerage during the fourth quarter worth $85,000. Paragon Advisors LLC acquired a new stake in shares of Real Brokerage during the fourth quarter worth $90,000. Finally, Franklin Resources Inc. bought a new stake in Real Brokerage in the 3rd quarter valued at $138,000. 53.28% of the stock is currently owned by institutional investors.
Real Brokerage Stock Performance
NASDAQ REAX traded up $0.07 during trading on Wednesday, hitting $4.73. The stock had a trading volume of 898,781 shares, compared to its average volume of 885,407. The Real Brokerage Inc. has a 12 month low of $3.46 and a 12 month high of $6.75. The company's 50-day moving average price is $4.61 and its two-hundred day moving average price is $4.90. The company has a market capitalization of $935.38 million, a PE ratio of -26.28 and a beta of 1.13.
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, topping analysts' consensus estimates of ($0.05) by $0.02. The business had revenue of $350.63 million for 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 analysts anticipate that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Jones Trading reiterated a "buy" rating and set a $6.00 target price on shares of Real Brokerage in a report on Thursday, March 6th.
View Our Latest Research Report on Real Brokerage
About Real Brokerage
(
Free Report)
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.
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