Insider Selling: Reis COO Sells 1,000 Shares of Stock (REIS)
Reis (NASDAQ:REIS) COO William Sander sold 1,000 shares of Reis stock on the open market in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $17.99, for a total transaction of $17,990.00. Following the sale, the chief operating officer now directly owns 131,326 shares of the company’s stock, valued at approximately $2,362,555. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Reis (NASDAQ:REIS) traded down 0.06% during mid-day trading on Thursday, hitting $17.99. 33,472 shares of the company’s stock traded hands. Reis has a 52 week low of $15.37 and a 52 week high of $19.80. The stock’s 50-day moving average is $17.83 and its 200-day moving average is $17.95. The company has a market cap of $199.7 million and a P/E ratio of 11.49.
Reis (NASDAQ:REIS) last released its earnings data on Thursday, May 1st. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.04. The company had revenue of $9.95 million for the quarter, compared to the consensus estimate of $9.26 million. Analysts expect that Reis will post $0.32 EPS for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Reis from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 18th. They now have a $21.10 price target on the stock.
Reis, Inc (NASDAQ:REIS) is a provider of commercial real estate market information and analytical tools for its customers.
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