Real Matters (TSE:REAL) Shares Up 1.9% – Time to Buy?

Real Matters Inc. (TSE:REAL) shares rose 1.9% during trading on Monday . The company traded as high as C$5.93 and last traded at C$5.89. Approximately 44,537 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 68,623 shares. The stock had previously closed at C$5.78.

Analysts Set New Price Targets

REAL has been the topic of a number of recent research reports. Canaccord Genuity Group decreased their price objective on Real Matters from C$10.00 to C$8.50 in a research report on Friday, November 22nd. BMO Capital Markets decreased their price objective on Real Matters from C$7.50 to C$7.00 in a research report on Friday, November 22nd. Cormark cut their price target on Real Matters from C$8.75 to C$7.50 in a research note on Thursday, January 30th. Finally, Raymond James cut their price target on Real Matters from C$10.50 to C$9.00 in a research note on Friday, November 22nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Real Matters currently has an average rating of “Moderate Buy” and a consensus price target of C$8.64.

Real Matters Stock Performance

The stock has a 50 day moving average price of C$6.41 and a two-hundred day moving average price of C$7.21. The company has a current ratio of 4.68, a quick ratio of 3.75 and a debt-to-equity ratio of 2.27. The company has a market cap of C$303.03 million, a price-to-earnings ratio of 58.99, a P/E/G ratio of -59.18 and a beta of 0.86.

Insider Buying and Selling

In other Real Matters news, Senior Officer Ryan Jacob Smith sold 10,752 shares of Real Matters stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of C$5.76, for a total value of C$61,931.52. Also, Director Kay Brekken purchased 7,870 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was purchased at an average cost of C$6.10 per share, for a total transaction of C$48,004.64. 5.17% of the stock is currently owned by company insiders.

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.