Insider Selling: Reis Inc (REIS) CFO Sells 1,531 Shares of Stock

Reis Inc (NASDAQ:REIS) CFO Mark P. Cantaluppi sold 1,531 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $18.68, for a total transaction of $28,599.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Reis Inc (NASDAQ REIS) traded down $0.90 during trading on Wednesday, reaching $16.80. 39,043 shares of the company’s stock traded hands, compared to its average volume of 11,888. Reis Inc has a one year low of $15.95 and a one year high of $23.00. The company has a market cap of $193.41, a PE ratio of 168.00 and a beta of 1.11.

A number of institutional investors have recently modified their holdings of the business. Teachers Advisors LLC grew its holdings in 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 acquiring an additional 2,300 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Reis by 10.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 33,101 shares of the business services provider’s stock valued at $596,000 after buying an additional 3,146 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Reis by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 855,442 shares of the business services provider’s stock valued at $15,398,000 after buying an additional 3,562 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Reis by 57.7% in the 3rd quarter. Wells Fargo & Company MN now owns 9,862 shares of the business services provider’s stock valued at $177,000 after buying an additional 3,607 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Reis by 0.8% in the 4th 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 in the last quarter. Institutional investors own 58.97% of the company’s stock.

Several brokerages have issued reports on REIS. Zacks Investment Research cut shares of Reis from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th. B. Riley reiterated a “buy” rating and set a $26.00 target price on shares of Reis in a report on Wednesday, November 8th. Finally, ValuEngine cut shares of Reis from a “hold” rating to a “sell” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Reis has an average rating of “Hold” and an average price target of $23.33.

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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)

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