Fortitude Advisory Group L.L.C. Acquires 24,380 Shares of The Real Brokerage Inc. $REAX

Fortitude Advisory Group L.L.C. grew its holdings in The Real Brokerage Inc. (NASDAQ:REAX) by 30.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,695 shares of the company’s stock after acquiring an additional 24,380 shares during the quarter. Fortitude Advisory Group L.L.C. owned 0.05% of Real Brokerage worth $477,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New York State Teachers Retirement System bought a new position in Real Brokerage in the first quarter worth $37,000. Diversified Trust Co bought a new position in Real Brokerage in the first quarter worth $47,000. Golden State Wealth Management LLC lifted its position in Real Brokerage by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 12,000 shares of the company’s stock worth $49,000 after purchasing an additional 6,000 shares during the period. Trexquant Investment LP bought a new position in Real Brokerage in the first quarter worth $58,000. Finally, Strs Ohio bought a new position in Real Brokerage in the first quarter worth $72,000. 53.28% of the stock is owned by institutional investors.

Real Brokerage Stock Up 1.0%

Shares of REAX stock opened at $4.11 on Friday. The stock has a 50-day moving average price of $4.64 and a 200 day moving average price of $4.40. The firm has a market cap of $812.75 million, a price-to-earnings ratio of -82.20 and a beta of 0.98. The Real Brokerage Inc. has a 12 month low of $3.80 and a 12 month high of $6.61.

Real Brokerage (NASDAQ:REAX) last issued its earnings results on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter. Real Brokerage had a negative return on equity of 35.33% and a negative net margin of 0.78%.The firm had revenue of $540.75 million for the quarter, compared to analysts’ expectations of $510.58 million. Sell-side analysts predict that The Real Brokerage Inc. will post -0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on REAX. Wall Street Zen raised Real Brokerage from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Real Brokerage in a research report on Saturday, September 27th. B. Riley began coverage on Real Brokerage in a research report on Wednesday, June 25th. They issued a “buy” rating and a $7.00 target price for the company. Finally, Jones Trading reiterated a “buy” rating and set a $6.00 price objective on shares of Real Brokerage in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.33.

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.