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

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC increased its holdings in Real Brokerage by 25.3% during the second quarter. Renaissance Technologies LLC now owns 229,500 shares of the company’s stock worth $932,000 after buying an additional 46,400 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of Real Brokerage by 42.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 100,000 shares of the company’s stock worth $406,000 after purchasing an additional 29,800 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Real Brokerage in the 2nd quarter valued at about $234,000. The Manufacturers Life Insurance Company acquired a new stake in Real Brokerage in the 2nd quarter valued at about $145,000. Finally, SG Americas Securities LLC bought a new position in Real Brokerage during the third quarter worth about $183,000. Institutional investors own 53.28% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Real Brokerage Price Performance

REAX stock opened at $4.77 on Friday. The stock has a market cap of $943.27 million, a price-to-earnings ratio of -26.50 and a beta of 1.00. The company has a fifty day moving average price of $4.83 and a two-hundred day moving average price of $5.38. The Real Brokerage Inc. has a one year low of $2.46 and a one year high of $6.75.

Real Brokerage (NASDAQ:REAX) last announced 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. The business had revenue of $372.49 million for the quarter, compared to analyst estimates of $334.61 million. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. During the same quarter in the prior year, the business earned ($0.02) EPS. Research analysts anticipate that The Real Brokerage Inc. will post -0.1 EPS for the current fiscal 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.