Virtu Financial LLC Invests $155,000 in The Real Brokerage Inc. (NASDAQ:REAX)

Virtu Financial LLC purchased a new stake in The Real Brokerage Inc. (NASDAQ:REAX) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 27,916 shares of the company’s stock, valued at approximately $155,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI increased its holdings in shares of Real Brokerage by 198.8% in the second quarter. National Bank of Canada FI now owns 5,975 shares of the company’s stock valued at $26,000 after purchasing an additional 3,975 shares during the period. Wolverine Trading LLC purchased a new position in Real Brokerage in the 3rd quarter valued at $56,000. Principal Financial Group Inc. acquired a new position in Real Brokerage in the 2nd quarter valued at $52,000. Geode Capital Management LLC lifted its stake in shares of Real Brokerage by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,224,183 shares of the company’s stock worth $6,794,000 after acquiring an additional 14,045 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of Real Brokerage in the third quarter valued at about $98,000. 53.28% of the stock is owned by hedge funds and other institutional investors.

Real Brokerage Stock Down 6.6 %

NASDAQ:REAX opened at $4.65 on Thursday. The firm’s fifty day simple moving average is $5.30 and its 200-day simple moving average is $5.31. The stock has a market cap of $919.56 million, a PE ratio of -25.83 and a beta of 0.95. The Real Brokerage Inc. has a fifty-two week low of $1.46 and a fifty-two week high of $6.75.

Real Brokerage (NASDAQ:REAX) last issued its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating 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 net margin of 2.91% and a negative return on equity of 73.22%. During the same period last year, the company posted ($0.02) earnings per share. Equities analysts anticipate that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

Analyst Ratings Changes

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

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.