Reis COO Sells $21,930 in Stock (REIS)
Reis (NASDAQ:REIS) COO William Sander sold 1,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $21.93, for a total transaction of $21,930.00. Following the sale, the chief operating officer now directly owns 128,326 shares in the company, valued at approximately $2,814,189. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at B. Riley reiterated a “buy” rating on shares of Reis in a research note on Friday, August 1st. They now have a $30.00 price target on the stock, up previously from $27.00.
Reis (NASDAQ:REIS) opened at 21.58 on Friday. Reis has a 52-week low of $15.66 and a 52-week high of $23.36. The stock has a 50-day moving average of $21.50 and a 200-day moving average of $19.0. The company has a market cap of $239.6 million and a price-to-earnings ratio of 13.80.
Reis (NASDAQ:REIS) last announced its earnings results 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 $0.33 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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