Insider Selling: Reis Inc (REIS) CEO Sells 6,746 Shares of Stock

Reis Inc (NASDAQ:REIS) CEO Lloyd Lynford sold 6,746 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $17.55, for a total value of $118,392.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Lloyd Lynford also recently made the following trade(s):

  • On Wednesday, February 7th, Lloyd Lynford sold 4,250 shares of Reis stock. The shares were sold at an average price of $18.86, for a total value of $80,155.00.

Reis Inc (NASDAQ REIS) traded down $0.90 on Wednesday, hitting $16.80. The stock had a trading volume of 39,043 shares, compared to its average volume of 12,724. The company has a market capitalization of $204.13, a PE ratio of 168.00 and a beta of 1.11. Reis Inc has a 1 year low of $15.95 and a 1 year high of $23.00.

A number of equities research analysts have issued reports on REIS shares. B. Riley restated a “buy” rating and set a $26.00 price objective on shares of Reis in a research report on Wednesday, November 8th. Zacks Investment Research downgraded Reis from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, ValuEngine downgraded Reis from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $23.33.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG grew its stake in shares of Reis by 147.5% during the fourth quarter. Deutsche Bank AG now owns 20,034 shares of the business services provider’s stock valued at $413,000 after buying an additional 11,941 shares during the last quarter. Ranger Investment Management L.P. grew its stake in shares of Reis by 9.6% during the fourth quarter. Ranger Investment Management L.P. now owns 135,000 shares of the business services provider’s stock valued at $2,788,000 after buying an additional 11,869 shares during the last quarter. BlackRock Inc. grew its stake in shares of Reis by 0.8% during the fourth quarter. BlackRock Inc. now owns 598,167 shares of the business services provider’s stock valued at $12,352,000 after buying an additional 4,530 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Reis by 41.7% during the fourth quarter. Wells Fargo & Company MN now owns 13,974 shares of the business services provider’s stock valued at $289,000 after buying an additional 4,112 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Reis by 44.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 19,249 shares of the business services provider’s stock valued at $398,000 after buying an additional 5,949 shares during the last quarter. 58.97% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Insider Selling: Reis Inc (REIS) CEO Sells 6,746 Shares of Stock” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/14/insider-selling-reis-inc-reis-ceo-sells-6746-shares-of-stock.html.

About Reis

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)

Receive News & Ratings for Reis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reis and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply