Insider Selling: Real Matters Inc. (TSE:REAL) Director Sells 28,719 Shares of Stock

Real Matters Inc. (TSE:REAL) Director Loren Cooke sold 28,719 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$8.70, for a total transaction of C$249,855.30. Following the sale, the director now directly owns 114 shares of the company’s stock, valued at C$991.80.

Real Matters Stock Up 1.0 %

REAL stock opened at C$9.15 on Friday. The company has a debt-to-equity ratio of 2.92, a current ratio of 4.77 and a quick ratio of 3.75. Real Matters Inc. has a 52-week low of C$4.43 and a 52-week high of C$9.46. The company’s 50 day simple moving average is C$7.54 and its 200-day simple moving average is C$6.46. The firm has a market capitalization of C$671.88 million, a P/E ratio of 228.75, a P/E/G ratio of -59.18 and a beta of 0.83.

Wall Street Analysts Forecast Growth

REAL has been the subject of several recent research reports. ATB Capital increased their target price on shares of Real Matters from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. BMO Capital Markets increased their target price on shares of Real Matters from C$6.50 to C$7.50 and gave the company a “market perform” rating in a research note on Friday, August 2nd. Canaccord Genuity Group increased their target price on shares of Real Matters from C$8.75 to C$10.00 and gave the company a “buy” rating in a research note on Wednesday. TD Securities increased their target price on shares of Real Matters from C$7.00 to C$8.50 in a research note on Friday, August 2nd. Finally, Cormark increased their target price on shares of Real Matters from C$8.00 to C$8.75 in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Real Matters presently has a consensus rating of “Moderate Buy” and a consensus price target of C$8.96.

Real Matters Company Profile

Real Matters Inc operates as a technology and network management company in Canada and the United States. It operates through three segments: U.S. Appraisal, U.S. Title, and Canada. It offers residential mortgage appraisals for purchase, refinance, and home equity and default transactions to the mortgage lending industry, as well as title services for refinance, purchase, home equity, short sale, and real estate-owned transactions to financial institutions under the Solidifi brand; and insurance inspection services to property and casualty insurers under the iv3 brand.