The Real Brokerage Inc. (NASDAQ:REAX) Shares Purchased by Barclays PLC

Barclays PLC lifted its position in The Real Brokerage Inc. (NASDAQ:REAX) by 337.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,188 shares of the company’s stock after purchasing an additional 108,928 shares during the period. Barclays PLC’s holdings in Real Brokerage were worth $782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Jane Street Group LLC lifted its stake in shares of Real Brokerage by 488.7% in the 3rd quarter. Jane Street Group LLC now owns 134,089 shares of the company’s stock valued at $744,000 after purchasing an additional 111,312 shares during the period. Harbor Capital Advisors Inc. lifted its stake 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. Bank of New York Mellon Corp acquired a new position in shares of Real Brokerage in the 2nd quarter valued at $1,091,000. Rhumbline Advisers purchased a new stake in Real Brokerage in the 2nd quarter worth $474,000. Finally, State Street Corp increased its holdings in Real Brokerage by 48.0% in the 3rd quarter. State Street Corp now owns 1,364,358 shares of the company’s stock worth $7,572,000 after acquiring an additional 442,612 shares in the last quarter. 53.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, BTIG Research started coverage on shares of Real Brokerage in a report on Wednesday, December 18th. They issued a “buy” rating and a $6.00 price target for the company.

Real Brokerage Stock Performance

Shares of NASDAQ REAX opened at $4.46 on Thursday. The firm has a market cap of $881.98 million, a PE ratio of -24.78 and a beta of 1.00. The firm has a fifty day moving average of $5.00 and a 200 day moving average of $5.38. The Real Brokerage Inc. has a one year low of $2.12 and a one year high of $6.75.

Real Brokerage (NASDAQ:REAX) last released its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. The business had revenue of $372.49 million during the quarter, compared to analyst estimates of $334.61 million. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. On average, equities analysts predict that The Real Brokerage Inc. will post -0.1 EPS for the current fiscal year.

About Real Brokerage

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.