Creative Planning Boosts Position in The Real Brokerage Inc. (NASDAQ:REAX)

Creative Planning boosted its position in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 111.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 93,467 shares of the company’s stock after acquiring an additional 49,176 shares during the quarter. Creative Planning owned 0.05% of Real Brokerage worth $519,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of REAX. TCI Wealth Advisors Inc. purchased a new stake in Real Brokerage during the first quarter valued at $49,000. HBK Sorce Advisory LLC increased its position in Real Brokerage by 17.1% during the first quarter. HBK Sorce Advisory LLC now owns 72,000 shares of the company’s stock valued at $225,000 after acquiring an additional 10,500 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Real Brokerage during the first quarter valued at $263,000. AWM Investment Company Inc. increased 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 acquiring an additional 1,203,228 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in Real Brokerage by 311.5% during the second quarter. Harbor Capital Advisors Inc. now owns 288,039 shares of the company’s stock valued at $1,169,000 after acquiring an additional 218,034 shares during the last quarter. Hedge funds and other institutional investors own 53.28% of the company’s stock.

Real Brokerage Stock Performance

Real Brokerage stock opened at $5.48 on Wednesday. The stock has a market cap of $1.08 billion, a PE ratio of -28.84 and a beta of 1.02. The Real Brokerage Inc. has a one year low of $1.28 and a one year high of $6.75. The stock has a fifty day moving average of $5.57 and a 200 day moving average of $5.13.

Real Brokerage (NASDAQ:REAX) last released its quarterly 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. Real Brokerage had a negative return on equity of 81.21% and a negative net margin of 3.55%. The business had revenue of $340.78 million during the quarter, compared to analyst estimates of $264.06 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. As a group, sell-side analysts predict that The Real Brokerage Inc. will post -0.13 EPS for the current fiscal 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.