Reis Inc (NASDAQ:REIS) CFO Mark P. Cantaluppi sold 1,531 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $18.68, for a total value of $28,599.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Reis Inc (NASDAQ:REIS) opened at $19.00 on Friday. The company has a market capitalization of $192.67, a P/E ratio of 168.00 and a beta of 1.11. Reis Inc has a 12-month low of $15.95 and a 12-month high of $23.00.
REIS has been the subject of a number of recent research reports. B. Riley reissued a “buy” rating and issued a $26.00 target price on shares of Reis in a report on Wednesday, November 8th. Zacks Investment Research raised Reis from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a report on Saturday, November 11th. Finally, ValuEngine lowered Reis from a “hold” rating to a “sell” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $23.33.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REIS. Wells Fargo & Company MN grew its position in 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 acquiring an additional 3,607 shares during the last quarter. Rodgers Brothers Inc. bought a new stake in Reis during the 4th quarter worth approximately $257,000. Teachers Advisors LLC grew its position 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 during the last quarter. Schwab Charles Investment Management Inc. grew its position in Reis by 44.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 19,249 shares of the business services provider’s stock worth $398,000 after acquiring an additional 5,949 shares during the last quarter. Finally, Deutsche Bank AG grew its position in Reis by 147.5% during the 4th quarter. Deutsche Bank AG now owns 20,034 shares of the business services provider’s stock worth $413,000 after acquiring an additional 11,941 shares during the last quarter. Institutional investors and hedge funds own 58.97% of the company’s stock.
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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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