The Real Brokerage Inc. (NASDAQ:REAX) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC increased its holdings in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 488.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,089 shares of the company’s stock after acquiring an additional 111,312 shares during the quarter. Jane Street Group LLC owned approximately 0.07% of Real Brokerage worth $744,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. National Bank of Canada FI raised its position in shares of Real Brokerage by 198.8% during the 2nd quarter. National Bank of Canada FI now owns 5,975 shares of the company’s stock worth $26,000 after purchasing an additional 3,975 shares during the period. Principal Financial Group Inc. bought a new position in Real Brokerage during the 2nd quarter worth $52,000. Wolverine Trading LLC acquired a new stake in Real Brokerage in the third quarter worth $56,000. Intech Investment Management LLC acquired a new position in shares of Real Brokerage during the third quarter valued at $98,000. Finally, Virtus Investment Advisers Inc. acquired a new position in shares of Real Brokerage during the third quarter valued at $117,000. Institutional investors own 53.28% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Real Brokerage Price Performance

REAX opened at $4.60 on Friday. The Real Brokerage Inc. has a 12 month low of $1.54 and a 12 month high of $6.75. The stock has a market cap of $909.67 million, a P/E ratio of -25.55 and a beta of 0.95. The stock’s 50 day moving average price is $5.18 and its 200 day moving average price is $5.33.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. The company had revenue of $372.49 million for the quarter, compared to analyst estimates of $334.61 million. During the same period last year, the company earned ($0.02) earnings per share. Equities analysts anticipate that The Real Brokerage Inc. will post -0.1 EPS for the current 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.