Real Brokerage (NASDAQ:REAX) Shares Gap Down – What’s Next?

The Real Brokerage Inc. (NASDAQ:REAX) shares gapped down before the market opened on Tuesday . The stock had previously closed at $5.43, but opened at $5.26. Real Brokerage shares last traded at $5.20, with a volume of 109,646 shares.

Real Brokerage Stock Down 2.6 %

The firm’s 50-day moving average price is $5.40 and its 200 day moving average price is $5.29.

Real Brokerage (NASDAQ:REAX) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $372.49 million during the quarter, compared to analysts’ expectations 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 previous year, the firm earned ($0.02) EPS. Sell-side analysts predict that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of REAX. Harbor Capital Advisors Inc. raised its holdings in Real Brokerage by 106.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 595,055 shares of the company’s stock valued at $3,303,000 after buying an additional 307,016 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Real Brokerage during the second quarter worth $1,091,000. Rhumbline Advisers bought a new stake in shares of Real Brokerage in the second quarter worth $474,000. GSA Capital Partners LLP acquired a new stake in Real Brokerage in the third quarter valued at $220,000. Finally, The Manufacturers Life Insurance Company bought a new position in Real Brokerage during the 2nd quarter worth $145,000. 53.28% of the stock is currently owned by institutional investors.

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.