Real Brokerage (NASDAQ:REAX) Stock Price Down 3.1%

Shares of The Real Brokerage Inc. (NASDAQ:REAX) traded down 3.1% during mid-day trading on Wednesday . The company traded as low as $5.69 and last traded at $5.69. 27,559 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 801,126 shares. The stock had previously closed at $5.87.

Real Brokerage Price Performance

The company has a market cap of $1.05 billion, a P/E ratio of -29.35 and a beta of 1.03. The company has a 50 day moving average of $5.85 and a 200-day moving average of $4.63.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, topping 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 quarter in the previous year, the firm earned ($0.02) earnings per share. Research analysts anticipate that The Real Brokerage Inc. will post -0.13 EPS for the current year.

Institutional Trading of Real Brokerage

Several institutional investors and hedge funds have recently made changes to their positions in REAX. AWM Investment Company Inc. raised its position in Real Brokerage by 240.6% during the first quarter. AWM Investment Company Inc. now owns 1,703,228 shares of the company’s stock valued at $5,314,000 after purchasing an additional 1,203,228 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Real Brokerage by 311.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 288,039 shares of the company’s stock valued at $1,169,000 after buying an additional 218,034 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Real Brokerage during the 2nd quarter valued at about $1,091,000. Renaissance Technologies LLC lifted its position in Real Brokerage by 25.3% in the 2nd quarter. Renaissance Technologies LLC now owns 229,500 shares of the company’s stock worth $932,000 after buying an additional 46,400 shares during the last quarter. Finally, Rhumbline Advisers purchased a new stake in Real Brokerage in the second quarter worth approximately $474,000. Hedge funds and other institutional investors own 53.28% of the company’s stock.

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.