Insider Selling: Real Brokerage (NASDAQ:REAX) Major Shareholder Sells $1,010,989.12 in Stock

The Real Brokerage Inc. (NASDAQ:REAX) major shareholder David Liniger sold 52,876 shares of Real Brokerage stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $19.12, for a total value of $1,010,989.12. Following the completion of the sale, the insider owned 5,539,905 shares of the company’s stock, valued at $105,922,983.60. The trade was a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Real Brokerage Price Performance

NASDAQ:REAX opened at $15.13 on Thursday. The Real Brokerage Inc. has a 1-year low of $14.95 and a 1-year high of $49.98. The company has a 50-day moving average of $20.32 and a 200 day moving average of $20.88. The firm has a market cap of $329.68 million, a PE ratio of -21.61 and a beta of 0.79.

Real Brokerage (NASDAQ:REAX) last posted its earnings results on Tuesday, June 30th. The company reported ($0.30) EPS for the quarter. Real Brokerage had a negative net margin of 0.72% and a negative return on equity of 25.32%. The business had revenue of $700.58 million for the quarter. Sell-side analysts anticipate that The Real Brokerage Inc. will post -0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Real Brokerage

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC increased its stake in Real Brokerage by 187.3% during the 2nd quarter. Squarepoint Ops LLC now owns 629,469 shares of the company’s stock valued at $1,146,000 after purchasing an additional 410,364 shares in the last quarter. Whetstone Capital Advisors LLC acquired a new stake in shares of Real Brokerage during the fourth quarter worth $720,000. Bank of New York Mellon Corp purchased a new stake in shares of Real Brokerage during the second quarter valued at $680,000. State of Wyoming grew its holdings in shares of Real Brokerage by 6.4% during the fourth quarter. State of Wyoming now owns 118,989 shares of the company’s stock valued at $434,000 after buying an additional 7,164 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Real Brokerage by 110.9% in the 1st quarter. Hsbc Holdings PLC now owns 124,204 shares of the company’s stock valued at $308,000 after acquiring an additional 65,311 shares during the period. 53.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on REAX shares. Zelman & Associates raised Real Brokerage to an “outperform” rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Real Brokerage from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 8th. Zacks Research upgraded shares of Real Brokerage from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. BTIG Research restated a “buy” rating and issued a $35.00 target price (up from $4.25) on shares of Real Brokerage in a research note on Thursday, August 27th. Finally, Wall Street Zen raised shares of Real Brokerage to a “hold” rating in a report on Saturday, September 5th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.00.

About Real Brokerage

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.