The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $5.18, but opened at $4.91. Real Brokerage shares last traded at $5.09, with a volume of 163,022 shares traded.
Wall Street Analysts Forecast Growth
Separately, BTIG Research assumed coverage on shares of Real Brokerage in a research note on Wednesday, December 18th. They issued a "buy" rating and a $6.00 price objective for the company.
Read Our Latest Research Report on Real Brokerage
Real Brokerage Stock Down 1.7 %
The stock has a fifty day simple moving average of $4.81 and a 200-day simple moving average of $5.33.
Institutional Investors Weigh In On Real Brokerage
Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC boosted its stake in Real Brokerage by 488.7% in the third quarter. Jane Street Group LLC now owns 134,089 shares of the company's stock valued at $744,000 after acquiring an additional 111,312 shares during the last quarter. Barclays PLC lifted its holdings in shares of Real Brokerage by 337.7% during the 3rd quarter. Barclays PLC now owns 141,188 shares of the company's stock valued at $782,000 after purchasing an additional 108,928 shares in the last quarter. Harbor Capital Advisors Inc. grew its position 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 valued at $3,303,000 after purchasing an additional 307,016 shares during the period. JPMorgan Chase & Co. increased its stake in Real Brokerage by 607.9% during 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. Finally, Franklin Resources Inc. acquired a new stake in Real Brokerage during the 3rd quarter worth approximately $138,000. 53.28% of the stock is owned by institutional investors and hedge funds.
About Real Brokerage
(
Get 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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