Granahan Investment Management LLC Decreases Stake in The Real Brokerage Inc. (NASDAQ:REAX)

Granahan Investment Management LLC lessened its stake in The Real Brokerage Inc. (NASDAQ:REAX) by 19.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 664,281 shares of the company’s stock after selling 161,694 shares during the quarter. Granahan Investment Management LLC’s holdings in Real Brokerage were worth $3,056,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in REAX. Aquatic Capital Management LLC acquired a new position in Real Brokerage during the fourth quarter worth $25,000. Golden State Wealth Management LLC acquired a new position in shares of Real Brokerage during the 4th quarter worth $28,000. Sound Income Strategies LLC purchased a new stake in shares of Real Brokerage in the 4th quarter worth about $47,000. Oxford Asset Management LLP acquired a new stake in Real Brokerage in the 4th quarter valued at about $49,000. Finally, Corton Capital Inc. purchased a new position in Real Brokerage during the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 53.28% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Real Brokerage Trading Down 4.2 %

Real Brokerage stock opened at $4.14 on Friday. The stock has a 50-day moving average price of $4.42 and a 200 day moving average price of $4.83. The Real Brokerage Inc. has a 52 week low of $3.55 and a 52 week high of $6.75. The stock has a market cap of $818.70 million, a PE ratio of -23.00 and a beta of 1.12.

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