Shay Capital LLC Has $2.45 Million Position in The Real Brokerage Inc. (NASDAQ:REAX)

Shay Capital LLC lifted its stake in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 69.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 533,285 shares of the company’s stock after purchasing an additional 218,285 shares during the quarter. Shay Capital LLC owned 0.27% of Real Brokerage worth $2,453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Barclays PLC grew its position 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 acquiring an additional 108,928 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Real Brokerage by 607.9% during the third quarter. JPMorgan Chase & Co. now owns 631,916 shares of the company’s stock valued at $3,507,000 after purchasing an additional 542,653 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Real Brokerage by 54.6% in the fourth quarter. SG Americas Securities LLC now owns 51,041 shares of the company’s stock valued at $235,000 after buying an additional 18,032 shares during the period. Sound Income Strategies LLC bought a new position in Real Brokerage in the 4th quarter valued at approximately $47,000. Finally, Golden State Wealth Management LLC acquired a new stake in Real Brokerage during the 4th quarter worth approximately $28,000. 53.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Jones Trading restated a “buy” rating and issued a $6.00 price target on shares of Real Brokerage in a research report on Thursday, March 6th.

Real Brokerage Stock Up 0.7%

NASDAQ REAX opened at $4.37 on Friday. The company has a market capitalization of $864.18 million, a price-to-earnings ratio of -24.28 and a beta of 1.12. The Real Brokerage Inc. has a twelve month low of $3.55 and a twelve month high of $6.75. The stock has a fifty day simple moving average of $4.40 and a 200 day simple moving average of $4.81.

Real Brokerage (NASDAQ:REAX) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. The company had revenue of $353.98 million for the quarter, compared to analyst estimates of $332.92 million. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. Research analysts expect that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal year.

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.