Mark P. Cantaluppi Sells 1,341 Shares of Reis Inc (REIS) Stock

Reis Inc (NASDAQ:REIS) CFO Mark P. Cantaluppi sold 1,341 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $18.83, for a total value of $25,251.03. Following the completion of the transaction, the chief financial officer now directly owns 122,655 shares in the company, valued at $2,309,593.65. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Reis Inc (NASDAQ REIS) traded down $0.20 during trading hours on Thursday, hitting $18.60. 34,542 shares of the company were exchanged, compared to its average volume of 11,383. The stock has a market cap of $215.03, a PE ratio of 186.00 and a beta of 1.11. Reis Inc has a 1 year low of $15.95 and a 1 year high of $23.00.

Reis (NASDAQ:REIS) last posted its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.03. The firm had revenue of $12.09 million during the quarter, compared to analysts’ expectations of $11.77 million. Reis had a net margin of 2.45% and a return on equity of 1.20%. analysts forecast that Reis Inc will post 0.15 EPS for the current year.

Several equities research analysts have commented on REIS shares. Zacks Investment Research raised shares of Reis from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a report on Saturday, November 11th. B. Riley reaffirmed a “buy” rating and issued a $26.00 price target on shares of Reis in a research note on Wednesday, November 8th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Reis currently has a consensus rating of “Buy” and an average target price of $23.33.

Several large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its position in shares of Reis by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 101,042 shares of the business services provider’s stock worth $2,147,000 after purchasing an additional 1,417 shares during the period. Teachers Advisors LLC boosted its position in shares of Reis by 17.8% during the 2nd quarter. Teachers Advisors LLC now owns 15,209 shares of the business services provider’s stock worth $323,000 after purchasing an additional 2,300 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Reis by 10.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 33,101 shares of the business services provider’s stock worth $596,000 after purchasing an additional 3,146 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Reis by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 855,442 shares of the business services provider’s stock worth $15,398,000 after purchasing an additional 3,562 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Reis by 57.7% during the 3rd quarter. Wells Fargo & Company MN now owns 9,862 shares of the business services provider’s stock worth $177,000 after purchasing an additional 3,607 shares during the period. 59.02% of the stock is owned by hedge funds and other institutional investors.

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Reis Company Profile

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.

Insider Buying and Selling by Quarter for Reis (NASDAQ:REIS)

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