Sound Income Strategies LLC Acquires New Shares in The Real Brokerage Inc. (NASDAQ:REAX)

Sound Income Strategies LLC bought a new position in shares of The Real Brokerage Inc. (NASDAQ:REAX) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,187 shares of the company’s stock, valued at approximately $47,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC raised its position in shares of Real Brokerage by 488.7% during the third quarter. Jane Street Group LLC now owns 134,089 shares of the company’s stock worth $744,000 after purchasing an additional 111,312 shares during the period. Barclays PLC increased its stake in Real Brokerage by 337.7% during the 3rd quarter. Barclays PLC now owns 141,188 shares of the company’s stock worth $782,000 after purchasing an additional 108,928 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in Real Brokerage by 106.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 595,055 shares of the company’s stock worth $3,303,000 after buying an additional 307,016 shares during the period. JPMorgan Chase & Co. lifted its stake in Real Brokerage by 607.9% in the third quarter. JPMorgan Chase & Co. now owns 631,916 shares of the company’s stock valued at $3,507,000 after buying an additional 542,653 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of Real Brokerage in the third quarter valued at approximately $138,000. 53.28% of the stock is currently owned by institutional investors.

Real Brokerage Stock Performance

NASDAQ:REAX opened at $4.77 on Friday. The stock has a 50-day simple moving average of $4.83 and a 200 day simple moving average of $5.38. The Real Brokerage Inc. has a 52-week low of $2.46 and a 52-week high of $6.75. The company has a market cap of $943.27 million, a PE ratio of -26.50 and a beta of 1.00.

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

Wall Street Analyst Weigh In

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

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.