Mercer Global Advisors Inc. ADV Has $406,000 Stake in The Real Brokerage Inc. (NASDAQ:REAX)

Mercer Global Advisors Inc. ADV increased its position in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 42.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,000 shares of the company’s stock after purchasing an additional 29,800 shares during the period. Mercer Global Advisors Inc. ADV owned approximately 0.05% of Real Brokerage worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Searcy Financial Services Inc. ADV bought a new stake in Real Brokerage during the 1st quarter worth $37,000. TCI Wealth Advisors Inc. acquired a new position in shares of Real Brokerage in the 1st quarter valued at about $49,000. HBK Sorce Advisory LLC lifted its stake in shares of Real Brokerage by 17.1% in the 1st quarter. HBK Sorce Advisory LLC now owns 72,000 shares of the company’s stock valued at $225,000 after purchasing an additional 10,500 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Real Brokerage in the 1st quarter valued at about $263,000. Finally, AWM Investment Company Inc. raised its stake in Real Brokerage by 240.6% during the 1st quarter. AWM Investment Company Inc. now owns 1,703,228 shares of the company’s stock worth $5,314,000 after buying an additional 1,203,228 shares during the period. 53.28% of the stock is owned by institutional investors and hedge funds.

Real Brokerage Stock Performance

REAX stock opened at $5.53 on Friday. The stock’s 50 day simple moving average is $5.87 and its 200 day simple moving average is $4.76. The company has a market cap of $1.02 billion, a P/E ratio of -27.65 and a beta of 1.03. The Real Brokerage Inc. has a fifty-two week low of $1.28 and a fifty-two week high of $6.75.

Real Brokerage (NASDAQ:REAX) last released its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $340.78 million during the quarter, compared to analyst estimates of $264.06 million. Real Brokerage had a negative return on equity of 81.21% and a negative net margin of 3.55%. During the same period in the prior year, the company posted ($0.02) earnings per share. Equities analysts predict that The Real Brokerage Inc. will post -0.13 earnings per share for the current year.

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.