Fortitude Advisory Group L.L.C. Sells 24,295 Shares of The Real Brokerage Inc. (NASDAQ:REAX)

Fortitude Advisory Group L.L.C. lessened its holdings in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 37.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,870 shares of the company’s stock after selling 24,295 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in Real Brokerage were worth $183,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. State Street Corp lifted its stake in shares of Real Brokerage by 48.0% during the 3rd quarter. State Street Corp now owns 1,364,358 shares of the company’s stock valued at $7,572,000 after buying an additional 442,612 shares in the last quarter. Geode Capital Management LLC raised its holdings in Real Brokerage by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,224,183 shares of the company’s stock valued at $6,794,000 after acquiring an additional 14,045 shares during the period. JPMorgan Chase & Co. boosted its holdings 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 worth $3,507,000 after acquiring an additional 542,653 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Real Brokerage by 106.6% in the third quarter. Harbor Capital Advisors Inc. now owns 595,055 shares of the company’s stock worth $3,303,000 after acquiring an additional 307,016 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Real Brokerage by 30.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 294,284 shares of the company’s stock valued at $1,633,000 after purchasing an additional 69,343 shares in the last quarter. Hedge funds and other institutional investors own 53.28% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BTIG Research began coverage on Real Brokerage in a research note on Wednesday, December 18th. They issued a “buy” rating and a $6.00 target price for the company.

Real Brokerage Stock Performance

REAX opened at $4.80 on Tuesday. The Real Brokerage Inc. has a one year low of $2.46 and a one year high of $6.75. The company has a fifty day moving average price of $4.83 and a 200-day moving average price of $5.37.

Real Brokerage (NASDAQ:REAX) last posted its earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.03. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. The business had revenue of $372.49 million during the quarter, compared to analysts’ expectations of $334.61 million. During the same period in the previous year, the business earned ($0.02) earnings per share. On average, equities 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.