Wasatch Advisors Inc. Acquires 16,745 Shares of Reis, Inc (REIS)
Wasatch Advisors Inc. lifted its holdings in shares of Reis, Inc (NASDAQ:REIS) by 5.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 301,325 shares of the business services provider’s stock after purchasing an additional 16,745 shares during the period. Wasatch Advisors Inc. owned about 2.62% of Reis worth $6,403,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Mraz Amerine & Associates Inc. bought a new stake in Reis in the 2nd quarter worth $200,000. Teachers Advisors LLC grew its holdings in Reis by 17.8% in 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. Strs Ohio grew its holdings in Reis by 6.0% in the 2nd quarter. Strs Ohio now owns 22,900 shares of the business services provider’s stock worth $486,000 after acquiring an additional 1,300 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Reis by 16.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 29,955 shares of the business services provider’s stock worth $637,000 after acquiring an additional 4,127 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Reis by 5.0% in the 1st quarter. Geode Capital Management LLC now owns 64,658 shares of the business services provider’s stock worth $1,157,000 after acquiring an additional 3,057 shares during the last quarter. 59.72% of the stock is currently owned by institutional investors.
Reis, Inc (NASDAQ REIS) traded down 1.55% during midday trading on Tuesday, hitting $19.00. 453 shares of the stock traded hands. Reis, Inc has a 52-week low of $15.95 and a 52-week high of $23.63. The company has a market cap of $218.73 million, a price-to-earnings ratio of 190.00 and a beta of 1.12. The firm’s 50-day moving average is $17.87 and its 200-day moving average is $18.95.
Reis (NASDAQ:REIS) last posted its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.01. The firm had revenue of $11.71 million for the quarter, compared to analysts’ expectations of $12.20 million. Reis had a net margin of 2.49% and a return on equity of 1.20%. Analysts predict that Reis, Inc will post $0.16 EPS for the current year.
In other news, COO William Sander sold 5,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $18.00, for a total value of $90,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 21.60% of the company’s stock.
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A number of equities research analysts have issued reports on the stock. B. Riley reissued a “buy” rating and issued a $26.00 price target on shares of Reis in a report on Thursday, August 3rd. ValuEngine raised shares of Reis from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. TheStreet lowered shares of Reis from a “b-” rating to a “c+” rating in a report on Friday, August 4th. Finally, Zacks Investment Research raised shares of Reis from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $24.50.
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.
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