Jane Street Group LLC Purchases 111,312 Shares of The Real Brokerage Inc. (NASDAQ:REAX)

Jane Street Group LLC boosted its holdings in The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 488.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 134,089 shares of the company's stock after purchasing an additional 111,312 shares during the period. Jane Street Group LLC owned approximately 0.07% of Real Brokerage worth $744,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of REAX. National Bank of Canada FI raised its holdings in Real Brokerage by 198.8% during the 2nd quarter. National Bank of Canada FI now owns 5,975 shares of the company's stock valued at $26,000 after buying an additional 3,975 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of Real Brokerage during the second quarter valued at about $52,000. Wolverine Trading LLC purchased a new stake in shares of Real Brokerage during the third quarter worth about $56,000. Intech Investment Management LLC bought a new stake in shares of Real Brokerage in the third quarter worth about $98,000. Finally, Virtus Investment Advisers Inc. purchased a new position in Real Brokerage during the 3rd quarter valued at about $117,000. 53.28% of the stock is owned by institutional investors.

Real Brokerage Stock Performance

Shares of REAX traded down $0.12 during mid-day trading on Friday, hitting $4.48. 1,088,216 shares of the company traded hands, compared to its average volume of 969,108. The stock has a market cap of $885.94 million, a price-to-earnings ratio of -24.89 and a beta of 0.95. The stock has a 50-day moving average price of $5.18 and a two-hundred day moving average price of $5.33. The Real Brokerage Inc. has a 1 year low of $1.62 and a 1 year high of $6.75.

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

Analysts Set New Price Targets

Separately, BTIG Research began coverage on shares of Real Brokerage in a research note on Wednesday, December 18th. They issued a "buy" rating and a $6.00 price target for the company.

Real Brokerage 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.