Fortitude Advisory Group L.L.C. Has $183,000 Stake in The Real Brokerage Inc. (NASDAQ:REAX)

Fortitude Advisory Group L.L.C. lowered its holdings in The Real Brokerage Inc. (NASDAQ:REAX) by 37.9% in the 4th quarter, according to the company in its most recent filing with the Securities and 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 quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sound Income Strategies LLC acquired a new position in shares of Real Brokerage during the fourth quarter valued at about $47,000. Wolverine Trading LLC bought a new position in Real Brokerage during the 3rd quarter valued at $56,000. Paragon Advisors LLC purchased a new position in Real Brokerage during the 4th quarter worth $90,000. Intech Investment Management LLC bought a new stake in shares of Real Brokerage in the 3rd quarter worth $98,000. Finally, Virtus Investment Advisers Inc. purchased a new stake in shares of Real Brokerage in the third quarter valued at about $117,000. Institutional investors own 53.28% of the company’s stock.

Real Brokerage Stock Up 0.6 %

Shares of Real Brokerage stock opened at $4.80 on Tuesday. The stock has a fifty day moving average price of $4.83 and a 200-day moving average price of $5.37. The Real Brokerage Inc. has a 1 year low of $2.46 and a 1 year high of $6.75.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings data 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 net margin of 2.91% and a negative return on equity of 73.22%. The business had revenue of $372.49 million for the quarter, compared to analyst estimates of $334.61 million. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. As a group, equities research analysts expect that The Real Brokerage Inc. will post -0.1 EPS for the current year.

Wall Street Analyst Weigh In

Separately, BTIG Research started coverage on shares of Real Brokerage in a research report on Wednesday, December 18th. They issued a “buy” rating and a $6.00 price objective for the company.

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.