Ardsley Advisory Partners LP Has $1.15 Million Position in The Real Brokerage Inc. (NASDAQ:REAX)

Ardsley Advisory Partners LP decreased its position in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 58.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 250,000 shares of the company’s stock after selling 350,000 shares during the period. Ardsley Advisory Partners LP’s holdings in Real Brokerage were worth $1,150,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Aquatic Capital Management LLC acquired a new stake in shares of Real Brokerage in the 4th quarter valued at $25,000. Golden State Wealth Management LLC bought a new stake in shares of Real Brokerage during the 4th quarter worth $28,000. Sound Income Strategies LLC bought a new stake in shares of Real Brokerage during the 4th quarter worth $47,000. Oxford Asset Management LLP acquired a new stake in Real Brokerage in the fourth quarter valued at about $49,000. Finally, Townsquare Capital LLC bought a new position in Real Brokerage in the fourth quarter valued at about $65,000. 53.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Jones Trading restated 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 Stock Performance

NASDAQ REAX opened at $4.38 on Friday. The firm’s fifty day moving average price is $4.49 and its two-hundred day moving average price is $4.87. The stock has a market cap of $866.16 million, a PE ratio of -24.33 and a beta of 1.13. The Real Brokerage Inc. has a fifty-two week low of $3.55 and a fifty-two week high of $6.75.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings data on Thursday, March 6th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $350.63 million for the quarter, compared to analyst estimates of $300.11 million. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. As a group, sell-side analysts predict that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal year.

About Real Brokerage

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.