Somewhat Positive Press Coverage Somewhat Unlikely to Affect Reis (REIS) Stock Price
Media coverage about Reis (NASDAQ:REIS) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Reis earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 46.5338524318898 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- San Jose lands in top 5 in new ranking of best Amazon HQ2 metros (finance.yahoo.com)
- Runaway 7-year-old girl sneaks onto plane at Geneva airport (bostonglobe.com)
- This study puts NYC at top of Amazon’s shopping list—and Chicago at bottom (chicagobusiness.com)
- NYC Tops List of Amazon HQ2 Cities in a Study (finance.yahoo.com)
- U.S. Homeownership Rises Slightly in Latest Quarter (wsj.com)
REIS has been the topic of a number of analyst reports. Zacks Investment Research raised Reis from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. B. Riley restated a “buy” rating and issued a $26.00 target price on shares of Reis in a research note on Friday, July 28th. TheStreet cut Reis from a “b-” rating to a “c+” rating in a report on Friday, August 4th. Finally, ValuEngine raised Reis from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $24.50.
Shares of Reis (NASDAQ:REIS) traded down $0.20 during trading hours on Monday, reaching $18.30. 1,608 shares of the company’s stock traded hands, compared to its average volume of 9,994. Reis has a 52 week low of $15.95 and a 52 week high of $23.62. The firm has a market cap of $212.98, a P/E ratio of 185.00 and a beta of 1.14.
In other Reis news, COO William Sander sold 5,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $18.00, for a total transaction of $90,000.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 21.60% of the stock is owned by insiders.
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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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