Reis, Inc. (REIS) Surges to 52-Week High, Is Now Top Performer

July 13, 2018 - By Mark Mitchell

Reis, Inc. (NASDAQ:REIS) Logo

The stock of Reis, Inc. (NASDAQ:REIS) hit a new 52-week high and has $24.33 target or 3.00 % above today’s $23.63 share price. The 9 months bullish chart indicates low risk for the $273.33M company. The 1-year high was reported on Jul, 13 by Barchart.com. If the $24.33 price target is reached, the company will be worth $8.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.94% or $0.225 during the last trading session, reaching $23.625. About 7,011 shares traded. Reis, Inc. (NASDAQ:REIS) has risen 13.19% since July 13, 2017 and is uptrending. It has outperformed by 0.62% the S&P500.

Analysts await Reis, Inc. (NASDAQ:REIS) to report earnings on August, 7. They expect $0.01 EPS, down 66.67 % or $0.02 from last year’s $0.03 per share. REIS’s profit will be $115,697 for 590.63 P/E if the $0.01 EPS becomes a reality. After $-0.03 actual EPS reported by Reis, Inc. for the previous quarter, Wall Street now forecasts -133.33 % EPS growth.

Reis, Inc. (NASDAQ:REIS) Ratings Coverage

Among 2 analysts covering Reis Inc (NASDAQ:REIS), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Reis Inc has $25 highest and $24.0 lowest target. $24.50’s average target is 3.70% above currents $23.625 stock price. Reis Inc had 2 analyst reports since March 12, 2018 according to SRatingsIntel. FBR Capital maintained the shares of REIS in report on Tuesday, May 8 with “Buy” rating.

More news for Reis, Inc. (NASDAQ:REIS) were recently published by: Streetinsider.com, which released: “US apartment vacancy rate up slightly in second quarter: Reis” on June 27, 2018. Streetinsider.com‘s article titled: “US retail vacancies marginally rise in second quarter: Reis” and published on July 03, 2018 is yet another important article.

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 has market cap of $273.33 million. It 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. It currently has negative earnings. The companyÂ’s data is used by real estate investors, lenders, and other professionals to make informed buying, selling, and financing decisions; and debt and equity investors to assess, quantify, and manage the risks of default and loss associated with individual mortgages, properties, portfolios, and real estate backed securities.

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