B. Riley Reiterates Buy Rating for Reis (REIS)
Reis (NASDAQ:REIS)‘s stock had its “buy” rating reiterated by investment analysts at B. Riley in a note issued to investors on Friday. They currently have a $30.00 price objective on the stock, up from their previous price objective of $27.00. B. Riley’s target price would suggest a potential upside of 36.36% from the company’s current price.
Shares of Reis (NASDAQ:REIS) traded up 0.83% during mid-day trading on Friday, hitting $21.79. The stock had a trading volume of 6,321 shares. Reis has a 1-year low of $15.66 and a 1-year high of $23.36. The stock has a 50-day moving average of $21.22 and a 200-day moving average of $18.95. The company has a market cap of $241.9 million and a P/E ratio of 13.78.
Reis (NASDAQ:REIS) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.01. The company had revenue of $10.20 million for the quarter, compared to the consensus estimate of $9.90 million. On average, analysts predict that Reis will post $0.32 earnings per share for the current fiscal year.
Separately, analysts at Zacks downgraded shares of Reis from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 2nd. They now have a $23.20 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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