Russell Investments Group Ltd. Lowers Stake in The Real Brokerage Inc. (NASDAQ:REAX)

Russell Investments Group Ltd. decreased its position in shares of The Real Brokerage Inc. (NASDAQ:REAX - Free Report) by 38.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 231,537 shares of the company's stock after selling 145,827 shares during the period. Russell Investments Group Ltd. owned 0.12% of Real Brokerage worth $1,065,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of REAX. Golden State Wealth Management LLC purchased a new stake in shares of Real Brokerage during the 4th quarter valued at $28,000. Sound Income Strategies LLC acquired a new position in shares of Real Brokerage in the 4th quarter valued at $47,000. US Bancorp DE purchased a new position in Real Brokerage in the 4th quarter worth $85,000. Paragon Advisors LLC acquired a new stake in Real Brokerage during the 4th quarter worth about $90,000. Finally, Franklin Resources Inc. purchased a new stake in Real Brokerage during the 3rd quarter valued at about $138,000. 53.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Jones Trading restated a "buy" rating and issued a $6.00 price objective on shares of Real Brokerage in a research note on Thursday, March 6th.

Real Brokerage Stock Performance

Shares of Real Brokerage stock traded down $0.10 during trading on Friday, hitting $4.56. 420,173 shares of the company's stock were exchanged, compared to its average volume of 893,401. The stock has a market capitalization of $900.77 million, a price-to-earnings ratio of -25.30 and a beta of 1.13. The business has a 50-day simple moving average of $4.59 and a 200-day simple moving average of $4.90. The Real Brokerage Inc. has a 52-week low of $3.55 and a 52-week high of $6.75.

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

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.