Reis (NASDAQ:REIS) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.
REIS has been the topic of several other research reports. Zacks Investment Research downgraded shares of Reis from a “hold” rating to a “sell” rating in a research note on Saturday, March 10th. BidaskClub raised shares of Reis from a “hold” rating to a “buy” rating in a research note on Saturday, March 24th. B. Riley reduced their price objective on shares of Reis to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, May 8th. Finally, Canaccord Genuity reissued a “hold” rating on shares of Reis in a research note on Sunday, March 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Reis currently has an average rating of “Buy” and a consensus price target of $23.50.
Shares of Reis opened at $23.25 on Thursday, according to MarketBeat. The company has a market cap of $256.85 million, a P/E ratio of 145.31 and a beta of 1.00. Reis has a 1 year low of $15.95 and a 1 year high of $23.35.
Reis (NASDAQ:REIS) last announced its quarterly earnings data on Monday, May 7th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.10). The firm had revenue of $11.78 million for the quarter, compared to analysts’ expectations of $13.00 million. Reis had a negative net margin of 8.45% and a positive return on equity of 1.15%. research analysts forecast that Reis will post 0.07 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the business. Millennium Management LLC purchased a new position in Reis during the first quarter worth approximately $329,000. The Manufacturers Life Insurance Company raised its stake in Reis by 82.1% during the first quarter. The Manufacturers Life Insurance Company now owns 7,800 shares of the business services provider’s stock worth $168,000 after purchasing an additional 3,517 shares during the period. Acuitas Investments LLC purchased a new position in Reis during the first quarter worth approximately $570,000. Rodgers Brothers Inc. purchased a new position in Reis during the fourth quarter worth approximately $257,000. Finally, Deutsche Bank AG raised its stake in Reis by 147.5% during the fourth quarter. Deutsche Bank AG now owns 20,034 shares of the business services provider’s stock worth $413,000 after purchasing an additional 11,941 shares during the period. 58.22% of the stock is currently owned by institutional investors.
Reis, Inc, through its subsidiary, Reis Services, provides commercial real estate market information and analytical tools to real estate professionals in the United States. The company maintains a proprietary database containing information on commercial properties, including apartment, office, retail, warehouse/distribution, flex/research and development, self-storage, and seniors and student housing properties in the metropolitan markets and neighborhoods.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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