Some Traders Are Very Bullish on Reis, Inc. (REIS) After Forming Bullish Multiple Top Pattern

June 15, 2018 - By Marry Poplack

Reis, Inc. (NASDAQ:REIS) Logo

The stock of Reis, Inc. (REIS) shows a multiple tops pattern with $22.30 target or 3.00 % above today’s $21.65 share price. The 6 months chart pattern indicates low risk for the $250.48 million company. It was reported on Jun, 15 by If the $22.30 price target is reached, the company will be worth $7.51 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 4.09% or $0.85 during the last trading session, reaching $21.65. About 10,949 shares traded. Reis, Inc. (NASDAQ:REIS) has risen 13.19% since June 15, 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 earnings per share, down 66.67 % or $0.02 from last year’s $0.03 per share. REIS’s profit will be $115,697 for 541.25 P/E if the $0.01 EPS becomes a reality. After $-0.03 actual earnings per share 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 had 2 analyst reports since March 12, 2018 according to SRatingsIntel. The firm has “Buy” rating by FBR Capital given on Tuesday, May 8.

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 $250.48 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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