Insight Holdings Group LLC Lowers Position in The Real Brokerage Inc. $REAX

Insight Holdings Group LLC lessened its holdings in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 74.9% in the third quarter, HoldingsChannel.com reports. The fund owned 7,623,461 shares of the company’s stock after selling 22,778,134 shares during the period. Real Brokerage accounts for about 2.0% of Insight Holdings Group LLC’s investment portfolio, making the stock its 11th largest holding. Insight Holdings Group LLC’s holdings in Real Brokerage were worth $31,866,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Fortitude Advisory Group L.L.C. raised its stake in Real Brokerage by 2.6% in the third quarter. Fortitude Advisory Group L.L.C. now owns 108,425 shares of the company’s stock valued at $453,000 after purchasing an additional 2,730 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Real Brokerage by 9.4% during the second quarter. The Manufacturers Life Insurance Company now owns 36,917 shares of the company’s stock valued at $166,000 after purchasing an additional 3,173 shares in the last quarter. Squarepoint Ops LLC lifted its stake in Real Brokerage by 3.4% during the second quarter. Squarepoint Ops LLC now owns 113,428 shares of the company’s stock worth $512,000 after purchasing an additional 3,682 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Real Brokerage by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,673 shares of the company’s stock worth $246,000 after purchasing an additional 3,746 shares during the last quarter. Finally, Optimize Financial Inc boosted its holdings in shares of Real Brokerage by 13.6% in the 3rd quarter. Optimize Financial Inc now owns 34,699 shares of the company’s stock worth $145,000 after purchasing an additional 4,141 shares in the last quarter. 53.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

REAX has been the topic of a number of research reports. JonesTrading reissued a “buy” rating and set a $5.00 price objective on shares of Real Brokerage in a report on Wednesday, March 4th. Zelman & Associates reaffirmed a “neutral” rating on shares of Real Brokerage in a research note on Thursday, March 5th. Freedom Capital upgraded shares of Real Brokerage to a “strong-buy” rating in a research report on Friday, January 23rd. William Blair reissued an “outperform” rating on shares of Real Brokerage in a research note on Wednesday, March 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Real Brokerage in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Real Brokerage presently has a consensus rating of “Moderate Buy” and an average price target of $5.83.

Real Brokerage Trading Down 4.9%

NASDAQ REAX opened at $2.35 on Monday. The firm has a market cap of $497.73 million, a PE ratio of -78.33 and a beta of 1.02. The Real Brokerage Inc. has a 1-year low of $2.34 and a 1-year high of $5.41. The stock has a 50-day moving average of $3.17 and a 200-day moving average of $3.81.

Real Brokerage (NASDAQ:REAX) last posted its quarterly earnings results on Wednesday, March 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. Real Brokerage had a negative return on equity of 17.37% and a negative net margin of 0.41%.The business had revenue of $505.14 million for the quarter, compared to analyst estimates of $477.98 million. As a group, equities research analysts forecast that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal year.

About Real Brokerage

Real Brokerage Inc is a publicly traded, cloud-based residential real estate brokerage headquartered in Toronto, Canada, with operations across the United States and Canada. The company’s platform offers licensed real estate professionals a fully integrated suite of digital tools designed to streamline every phase of the property transaction process, from lead generation to closing.

Through its proprietary technology, Real Brokerage provides agents with transaction management, customer relationship management, digital marketing automation and real-time analytics in a single, user-friendly interface.