Matauro LLC Acquires Shares of 270,609 The Real Brokerage Inc. $REAX

Matauro LLC bought a new stake in The Real Brokerage Inc. (NASDAQ:REAX) during the 3rd quarter, Holdings Channel reports. The firm bought 270,609 shares of the company’s stock, valued at approximately $1,131,000.

Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. purchased a new stake in shares of Real Brokerage during the second quarter worth approximately $47,000. Thrivent Financial for Lutherans acquired a new position in Real Brokerage in the 2nd quarter valued at $50,000. Engineers Gate Manager LP purchased a new position in Real Brokerage during the 2nd quarter worth $52,000. Prudential Financial Inc. purchased a new position in Real Brokerage during the 2nd quarter worth $53,000. Finally, Trexquant Investment LP purchased a new stake in shares of Real Brokerage in the first quarter valued at about $58,000. Institutional investors and hedge funds own 53.28% of the company’s stock.

Real Brokerage Stock Performance

Shares of REAX stock opened at $3.87 on Friday. The stock has a fifty day moving average price of $3.85 and a 200 day moving average price of $4.22. The stock has a market cap of $819.67 million, a PE ratio of -96.75 and a beta of 0.96. The Real Brokerage Inc. has a 1 year low of $3.42 and a 1 year high of $5.65.

Analyst Ratings Changes

Several research firms recently issued reports on REAX. Weiss Ratings reissued a “sell (d-)” rating on shares of Real Brokerage in a report on Wednesday, October 8th. Wall Street Zen downgraded Real Brokerage from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Jones Trading reissued a “buy” rating and issued a $5.00 price target on shares of Real Brokerage in a report on Wednesday, November 5th. Finally, B. Riley reaffirmed a “buy” rating and set a $8.00 price objective (up previously from $7.00) on shares of Real Brokerage in a report on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.50.

About Real Brokerage

Real Brokerage Inc is a publicly traded, cloud-based residential real estate brokerage headquartered in Toronto, Canada, with operations across the United States and Canada. The company’s platform offers licensed real estate professionals a fully integrated suite of digital tools designed to streamline every phase of the property transaction process, from lead generation to closing.

Through its proprietary technology, Real Brokerage provides agents with transaction management, customer relationship management, digital marketing automation and real-time analytics in a single, user-friendly interface.