Key Points
- Major shareholder David Liniger sold 52,876 Real Brokerage shares at an average price of $19.12, generating approximately $1.01 million. He retained 5.54 million shares valued at about $105.9 million, a 0.95% reduction in ownership.
- Real Brokerage reported a quarterly loss of $0.30 per share on $700.58 million in revenue, with analysts expecting a full-year loss of $0.45 per share.
- The stock opened at $17.21, well below its 50-day and 200-day moving averages. Despite the share-price weakness, analysts maintained an overall “Moderate Buy” consensus with an average $50 price target.
The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report) major shareholder David Liniger sold 52,876 shares of the company's stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $19.12, for a total transaction of $1,010,989.12. Following the sale, the insider directly owned 5,539,905 shares of the company's stock, valued at $105,922,983.60. This represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Real Brokerage Price Performance
Shares of REAX opened at $17.21 on Tuesday. The company has a 50-day moving average of $20.51 and a two-hundred day moving average of $21.03. The stock has a market cap of $375.01 million, a price-to-earnings ratio of -24.59 and a beta of 0.79. The Real Brokerage Inc. has a one year low of $15.50 and a one year high of $51.60.
Real Brokerage (NASDAQ:REAX - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The company reported ($0.30) earnings per share (EPS) for the quarter. The firm had revenue of $700.58 million for the quarter. Real Brokerage had a negative net margin of 0.72% and a negative return on equity of 25.32%. Analysts anticipate that The Real Brokerage Inc. will post -0.45 earnings per share for the current year.
Institutional Investors Weigh In On Real Brokerage
Several institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC increased its holdings in Real Brokerage by 187.3% in the second quarter. Squarepoint Ops LLC now owns 629,469 shares of the company's stock worth $1,146,000 after buying an additional 410,364 shares during the last quarter. Whetstone Capital Advisors LLC acquired a new stake in Real Brokerage in the fourth quarter valued at approximately $720,000. Bank of New York Mellon Corp acquired a new stake in Real Brokerage in the second quarter valued at approximately $680,000. State of Wyoming grew its position in Real Brokerage by 6.4% in the fourth quarter. State of Wyoming now owns 118,989 shares of the company's stock worth $434,000 after acquiring an additional 7,164 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in Real Brokerage by 110.9% in the first quarter. Hsbc Holdings PLC now owns 124,204 shares of the company's stock worth $308,000 after acquiring an additional 65,311 shares in the last quarter. 53.28% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have recently commented on the company. Weiss Ratings raised Real Brokerage from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, September 8th. Zacks Research raised Real Brokerage from a "strong sell" rating to a "hold" rating in a research report on Monday, September 7th. Zelman & Associates raised Real Brokerage to an "outperform" rating in a research note on Friday, August 7th. Wall Street Zen upgraded Real Brokerage to a "hold" rating in a research report on Saturday, September 5th. Finally, JonesTrading reaffirmed a "buy" rating and set a $40.00 target price on shares of Real Brokerage in a research note on Friday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Real Brokerage currently has an average rating of "Moderate Buy" and an average price target of $50.00.
View Our Latest Stock Report on REAX
Real Brokerage Company Profile
(
Get Free Report)
Real Brokerage Inc is a technology-powered residential real estate brokerage that operates through a cloud-based platform. The company provides real estate agents with tools and services for managing transactions, client relationships, marketing, education, and other aspects of their businesses.
Real's platform is designed to support independent agents and teams while reducing the need for traditional physical office locations. Its business model combines brokerage services with technology, agent education, collaboration tools, and programs intended to promote agent retention and growth.
Founded in 2014, Real serves real estate professionals in the United States and Canada.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
