Reis, Inc (REIS) Rating Reiterated by B. Riley
Reis, Inc (NASDAQ:REIS)‘s stock had its “buy” rating reiterated by stock analysts at B. Riley in a research report issued to clients and investors on Tuesday. They presently have a $26.00 price target on the business services provider’s stock. B. Riley’s price target points to a potential upside of 38.67% from the stock’s previous close.
Several other research analysts have also recently commented on the stock. TheStreet cut shares of Reis from a “b-” rating to a “c+” rating in a report on Friday. Zacks Investment Research upgraded shares of Reis from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $23.00 price target on shares of Reis in a report on Tuesday, May 9th.
Shares of Reis (REIS) traded up 2.40% during midday trading on Tuesday, hitting $19.20. 1,279 shares of the stock traded hands. Reis has a 52-week low of $16.90 and a 52-week high of $23.62. The company has a market cap of $221.03 million, a price-to-earnings ratio of 192.00 and a beta of 1.08. The stock has a 50-day moving average of $20.84 and a 200-day moving average of $19.55.
Reis (NASDAQ:REIS) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $11.71 million during the quarter, compared to analysts’ expectations of $12.20 million. Reis had a net margin of 2.49% and a return on equity of 1.20%. On average, equities analysts predict that Reis will post $0.16 earnings per share for the current fiscal year.
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In related news, COO William Sander sold 3,525 shares of the company’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $20.79, for a total value of $73,284.75. Following the completion of the sale, the chief operating officer now owns 167,736 shares in the company, valued at approximately $3,487,231.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 21.60% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the stock. Nine Ten Capital Management LLC boosted its position in Reis by 13.4% in the second quarter. Nine Ten Capital Management LLC now owns 982,136 shares of the business services provider’s stock worth $24,455,000 after buying an additional 116,062 shares during the period. Dimensional Fund Advisors LP boosted its position in Reis by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 883,425 shares of the business services provider’s stock worth $20,964,000 after buying an additional 3,771 shares during the period. Cowen Prime Services LLC boosted its position in Reis by 4.0% in the fourth quarter. Cowen Prime Services LLC now owns 578,700 shares of the business services provider’s stock worth $13,733,000 after buying an additional 22,000 shares during the period. TimesSquare Capital Management LLC bought a new position in Reis during the first quarter worth $7,968,000. Finally, Granite Investment Partners LLC boosted its position in Reis by 4.4% in the first quarter. Granite Investment Partners LLC now owns 359,643 shares of the business services provider’s stock worth $8,469,000 after buying an additional 15,170 shares during the period. 60.43% of the stock is currently owned by institutional investors.
Reis, Inc (Reis) is engaged in providing commercial real estate market information and analytical tools to real estate professionals, through its Reis Services subsidiary. The Company operates through Reis Services segment. It maintains a database containing detailed information on commercial properties in metropolitan markets and neighborhoods throughout the United States.
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