X Square Capital LLC Makes New Investment in The Real Brokerage Inc. (NASDAQ:REAX)

X Square Capital LLC purchased a new position in The Real Brokerage Inc. (NASDAQ:REAX) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 40,000 shares of the company’s stock, valued at approximately $184,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Real Brokerage by 607.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 631,916 shares of the company’s stock worth $3,507,000 after acquiring an additional 542,653 shares during the period. State Street Corp raised its position in shares of Real Brokerage by 48.0% in the third quarter. State Street Corp now owns 1,364,358 shares of the company’s stock worth $7,572,000 after buying an additional 442,612 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Real Brokerage during the third quarter valued at $871,000. Charles Schwab Investment Management Inc. grew its position in Real Brokerage by 48.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 438,295 shares of the company’s stock worth $2,016,000 after buying an additional 144,011 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of Real Brokerage by 488.7% in the third quarter. Jane Street Group LLC now owns 134,089 shares of the company’s stock worth $744,000 after purchasing an additional 111,312 shares during the last quarter. 53.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on REAX. BTIG Research started coverage on Real Brokerage in a research note on Wednesday, December 18th. They set a “buy” rating and a $6.00 price target for the company. Jones Trading reaffirmed a “buy” rating and issued a $6.00 target price on shares of Real Brokerage in a research report on Thursday, March 6th.

Real Brokerage Stock Down 1.4 %

Real Brokerage stock opened at $4.26 on Friday. The Real Brokerage Inc. has a 52-week low of $3.01 and a 52-week high of $6.75. The company has a market cap of $842.43 million, a P/E ratio of -23.67 and a beta of 1.01. The business has a 50-day simple moving average of $4.86 and a two-hundred day simple moving average of $5.08.

Real Brokerage (NASDAQ:REAX) last released its quarterly earnings data on Thursday, March 6th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. The business had revenue of $350.63 million during the quarter, compared to the consensus estimate of $300.11 million. Research analysts anticipate that The Real Brokerage Inc. will post -0.1 EPS for the current fiscal year.

Real Brokerage 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.