Fox Run Management L.L.C. Acquires New Holdings in The Real Brokerage Inc. (NASDAQ:REAX)

Fox Run Management L.L.C. bought a new position in shares of The Real Brokerage Inc. (NASDAQ:REAX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 38,536 shares of the company’s stock, valued at approximately $177,000.

A number of other institutional investors have also made changes to their positions in REAX. State Street Corp increased its holdings in Real Brokerage by 48.0% in the 3rd quarter. State Street Corp now owns 1,364,358 shares of the company’s stock valued at $7,572,000 after purchasing an additional 442,612 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Real Brokerage by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,224,183 shares of the company’s stock worth $6,794,000 after buying an additional 14,045 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Real Brokerage by 607.9% in the third quarter. JPMorgan Chase & Co. now owns 631,916 shares of the company’s stock valued at $3,507,000 after buying an additional 542,653 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Real Brokerage by 48.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 438,295 shares of the company’s stock valued at $2,016,000 after buying an additional 144,011 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Real Brokerage during the 3rd quarter worth about $871,000. 53.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Real Brokerage Price Performance

REAX opened at $4.14 on Friday. The business has a fifty day moving average price of $4.85 and a 200 day moving average price of $5.07. The Real Brokerage Inc. has a 12 month low of $3.01 and a 12 month high of $6.75. The stock has a market capitalization of $818.70 million, a price-to-earnings ratio of -23.00 and a beta of 1.01.

Real Brokerage (NASDAQ:REAX) last released its earnings results on Thursday, March 6th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $350.63 million for the quarter, compared to analyst estimates of $300.11 million. On average, research analysts anticipate that The Real Brokerage Inc. will post -0.1 earnings per share for the current 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.