ProShare Advisors LLC Acquires 10,108 Shares of The Real Brokerage Inc. (NASDAQ:REAX)

ProShare Advisors LLC raised its holdings in The Real Brokerage Inc. (NASDAQ:REAX) by 55.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 28,300 shares of the company’s stock after purchasing an additional 10,108 shares during the quarter. ProShare Advisors LLC’s holdings in Real Brokerage were worth $130,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aquatic Capital Management LLC bought a new position in shares of Real Brokerage during the 4th quarter worth approximately $25,000. Golden State Wealth Management LLC bought a new position in Real Brokerage during the fourth quarter worth $28,000. Oxford Asset Management LLP acquired a new position in shares of Real Brokerage in the fourth quarter valued at $49,000. Corton Capital Inc. bought a new position in shares of Real Brokerage in the fourth quarter valued at about $51,000. Finally, Townsquare Capital LLC acquired a new stake in shares of Real Brokerage during the 4th quarter worth about $65,000. Institutional investors own 53.28% of the company’s stock.

Real Brokerage Trading Up 3.6%

Shares of NASDAQ REAX opened at $4.27 on Tuesday. The firm has a market cap of $844.41 million, a P/E ratio of -23.72 and a beta of 1.12. The business’s 50 day moving average is $4.34 and its 200-day moving average is $4.68. The Real Brokerage Inc. has a 1-year low of $3.55 and a 1-year high of $6.75.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The firm had revenue of $353.98 million for the quarter, compared to analyst estimates of $332.92 million. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. Analysts forecast that The Real Brokerage Inc. will post -0.1 EPS for the current year.

Real Brokerage declared that its board has approved a stock buyback plan on Friday, May 30th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 17.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Separately, Jones Trading reiterated a “buy” rating and issued a $6.00 price target on shares of Real Brokerage in a research note on Thursday, March 6th.

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.