Real Matters Inc (REAL) Stock Price Up 4.7% Following Insider Buying Activity
Real Matters Inc (TSE:REAL)’s share price rose 4.7% on Tuesday following insider buying activity. The stock traded as high as C$10.69 and last traded at C$10.63. Approximately 20,924 shares changed hands during trading, a decline of 77% from the average daily volume of 89,192 shares. The stock had previously closed at C$10.15.
Specifically, Director Jason Smith bought 28,000 shares of Real Matters stock in a transaction on Friday, September 22nd. The stock was bought at an average price of C$9.98 per share, with a total value of C$279,440.00. Over the last quarter, insiders purchased 41,000 shares of company stock worth $407,892.
A number of equities research analysts have commented on the company. Scotiabank reduced their target price on Real Matters from C$14.00 to C$13.00 and set a “sector perform” rating for the company in a report on Monday, August 14th. TD Securities reduced their target price on Real Matters from C$15.50 to C$14.50 in a report on Monday, August 14th. BMO Capital Markets reduced their target price on Real Matters from C$14.00 to C$11.50 in a report on Monday, August 14th. Canaccord Genuity reissued a “buy” rating and issued a C$16.00 target price on shares of Real Matters in a report on Tuesday, June 6th. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and issued a C$14.00 target price on shares of Real Matters in a report on Tuesday, July 18th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$14.00.
The firm’s market capitalization is $951.04 million. The company’s 50 day moving average price is $9.46 and its 200-day moving average price is $10.55.
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About Real Matters
Real Matters Inc develops and provides network management solutions to mortgage lending and insurance industries in Canada and the United States. It offers residential mortgage appraisals for purchase, refinance, and home equity mortgage origination transactions under the Solidifi and Linear Title & Closing brands to the mortgage industry; insurance inspection services to property and casualty insurers under the iv3 brand; and residential and commercial real estate title, and closing services to home equity search market under the Southwest Financial Services brand.
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