Real Brokerage (NASDAQ:REAX) Shares Down 5.4%

The Real Brokerage Inc. (NASDAQ:REAX)’s share price traded down 5.4% during mid-day trading on Monday . The stock traded as low as $5.60 and last traded at $5.60. Approximately 396,332 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 785,056 shares. The stock had previously closed at $5.92.

Real Brokerage Stock Performance

The business’s fifty day moving average is $4.87 and its 200-day moving average is $4.04. The firm has a market cap of $1.05 billion, a P/E ratio of -29.60 and a beta of 1.03.

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 net margin of 4.63% and a negative return on equity of 98.38%. The firm had revenue of $340.78 million during the quarter, compared to the consensus estimate of $264.06 million. During the same quarter last year, the firm earned ($0.02) earnings per share. Analysts predict that The Real Brokerage Inc. will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Real Brokerage

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV increased its position in shares of Real Brokerage by 42.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 100,000 shares of the company’s stock worth $406,000 after buying an additional 29,800 shares during the period. Renaissance Technologies LLC grew its holdings in Real Brokerage by 25.3% during the 2nd quarter. Renaissance Technologies LLC now owns 229,500 shares of the company’s stock worth $932,000 after acquiring an additional 46,400 shares during the period. National Bank of Canada FI grew its holdings in 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 acquiring an additional 3,975 shares during the period. Rhumbline Advisers bought a new position in shares of Real Brokerage in the 2nd quarter worth about $474,000. Finally, Valmark Advisers Inc. boosted its position in shares of Real Brokerage by 117.0% during the 2nd quarter. Valmark Advisers Inc. now owns 49,324 shares of the company’s stock valued at $200,000 after purchasing an additional 26,596 shares in the last quarter. 53.28% of the stock is owned by institutional investors and hedge funds.

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.