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Reis (NASDAQ:REIS) COO William Sander unloaded 1,000 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $21.60, for a total transaction of $21,600.00. Following the sale, the chief operating officer now directly owns 129,326 shares of the company’s stock, valued at approximately $2,793,442. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Separately, analysts at Zacks downgraded shares of Reis from an “outperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $23.20 price target on the stock.

Reis (NASDAQ:REIS) opened at 22.12 on Friday. Reis has a 52 week low of $15.66 and a 52 week high of $22.25. The stock has a 50-day moving average of $19.33 and a 200-day moving average of $18.48. The company has a market cap of $245.6 million and a P/E ratio of 14.03.

Reis (NASDAQ:REIS) last released its earnings data on Thursday, May 1st. The company reported $0.09 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that Reis will post $0.32 earnings per share for the current fiscal year.

Reis, Inc (NASDAQ:REIS) is a provider of commercial real estate market information and analytical tools for its customers.

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