Insight Holdings Group LLC Has $25.44 Million Stock Position in The Real Brokerage Inc. $REAX

Insight Holdings Group LLC trimmed its holdings in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 8.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,968,725 shares of the company’s stock after selling 654,736 shares during the quarter. Real Brokerage accounts for about 1.9% of Insight Holdings Group LLC’s portfolio, making the stock its 10th largest position. Insight Holdings Group LLC owned approximately 3.29% of Real Brokerage worth $25,436,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Xponance LLC purchased a new stake in Real Brokerage during the 4th quarter valued at about $38,000. Hudson Bay Capital Management LP purchased a new stake in Real Brokerage during the 4th quarter valued at about $41,000. Lido Advisors LLC purchased a new stake in Real Brokerage during the 3rd quarter valued at about $42,000. Envestnet Asset Management Inc. purchased a new stake in Real Brokerage during the 2nd quarter valued at about $47,000. Finally, Ameriprise Financial Inc. purchased a new stake in Real Brokerage during the 3rd quarter valued at about $47,000. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

REAX has been the subject of several analyst reports. B. Riley Financial reissued a “buy” rating on shares of Real Brokerage in a report on Friday, May 8th. Weiss Ratings cut Real Brokerage from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 26th. JonesTrading reissued a “buy” rating and issued a $5.00 price objective on shares of Real Brokerage in a report on Monday, April 27th. BTIG Research reissued a “buy” rating and issued a $4.25 price objective on shares of Real Brokerage in a report on Monday, April 27th. Finally, Zelman & Associates reissued a “neutral” rating on shares of Real Brokerage in a report on Thursday, March 5th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Real Brokerage presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.69.

Real Brokerage Stock Down 0.6%

Shares of REAX stock opened at $1.71 on Thursday. The stock has a market cap of $365.08 million, a PE ratio of -57.00 and a beta of 0.74. The business has a 50-day simple moving average of $2.03 and a 200-day simple moving average of $2.81. The Real Brokerage Inc. has a 52-week low of $1.55 and a 52-week high of $5.41.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $465.55 million during the quarter. Real Brokerage had a negative net margin of 0.32% and a negative return on equity of 11.37%. Sell-side analysts anticipate that The Real Brokerage Inc. will post -0.01 earnings per share for the current fiscal year.

Real Brokerage Profile

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.